Your grandmother is gifting you GH¢ 100 a month for four years while you attend University to earn your Bachelor's degree. At a 5.5 percent discount rate, what are these payments worth to you on the day you enter college? #randomized O A. GH¢ 4,201.16 B. GH¢ 4,299.88 OC. GH¢ 4,509.19 D. GH¢ 4,608.87

Your grandmother is gifting you GH¢ 100 a month for four years while you attend University to earn your Bachelor's degree. At a 5.5 percent discount rate, what are these payments worth to you on the day you enter college? #randomized O A. GH¢ 4,201.16 B. GH¢ 4,299.88 OC. GH¢ 4,509.19 D. GH¢ 4,608.87

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money

Section: Chapter Questions

Problem 9.12MCP

See similar textbooks

Similar questions

Your grandmother will be gifting you $150 at the end of each month for four years while you attend college. At an annual discount rate of 3.7 percent, what are these payments worth to you on the day you enter college? A. $6, 201.16 B. $ 6,539.14 C. $6,608.87 D. $6,682.99 E. $6,870.23
Your father promise to give you RM150 at the end of each month for four years while you attend college. At a discount rate of 3 percent, what are these payments worth to you on the day you enter college? Select one: A. RM6,776.80 B. RM6,793.74 C. RM6,201.16 D. RM6,539.14
You want to save up to pay your 5-year-old child's college tuition fee, which costs $52,500, when he will be 18. Given an interest rate of 6.2%, how much would you need to invest now to be able to pay for their college. Select one: a.$24,018.21 b.$17,779.44 c.$38,863.04 d.$9,418.21
You've been awarded a scholarship that pays $220 a month for 5 years while you are in college. At a 5 percent annual discount rate with monthly compounding, what are these payments worth to you when you first start college? Assume the first payment will be received at the end of the month. O $11,657.96 O $13,200.00 O $11,427.96 $11,938.96 O $10,365.00
Please answer fast I give you upvote
On your first through fifth birthdays your parents placed $1,000 into your college fund (five total deposits of $1,000 each). The account has earned an average of 8.0% per year until today, your twentieth birthday. How much money is in the account today? 8/15 Qs Your choice: A: $11,733.20 B: $18,609.85 C: $17,219.70 D: $25,383.41
your parents are giving you $220 a month for 4 years while you are in college. At an interest rate of .51 percent per month, what are these payments worth to you when you first start college?
Assume your child will enter college in 10 years. The total cost of a college education is estimated to be $60,000 at that time. You have $10,000 to invest today. What is the rate of interest that you must earn on your investment to cover the cost of your child's education? A. 17.21% B. 13.55% OC. 19.62% D. 25.52%
You want to save up to pay your 9-year-old child's college tuition fee, which costs $63,200, when he'll be 17. Given an interest rate of 3.5%, how much would you need to invest now to be able to pay for their college. Select one: a.$47,994.81 b.$21,403.06 c.$39,058.98 d.$29,394.81
If you owe $47,000 payable at the end of five years, what amount should your creditor accept in payment immediately ifse cou earn 8 percent on her money? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Présent value eBook Hint ant Reterenc PV=F 47,0
Ever since your first birthday, your parents have been depositing $1,000 into a college savings account on every one of your birthdays. The account pays 9% interest annually. Immediately after your parents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to which of the following? OA. $41,301.34 OB. $49,561.61 OC. $24,780.80 OD. $57,821.88
Your parents are giving you $270 a month for 4 years while you are in college. At an annual interest rate of 7.32 percent, what are these payments worth to you when you first start college? $10,645.37 $11,004.00 $11,205.65 $15,004.18 $10,832.13