Fundamental Accounting Principles -Hardcover
Fundamental Accounting Principles -Hardcover
22nd Edition
ISBN: 9780077632991
Author: Wild
Publisher: MCG
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Chapter B, Problem 18E
To determine

We have to determine the amount deposited today to get $60000 in four years.

Introduction:

Present value is the present value of a future money or cash flow at a given specified rate.

Requirement 1:

To determine

Requirement 2:

We have to determine the amount deposited today to get $15,000 in two years.

To determine

Requirement 3:

We have to determine whether to have $463 now or $1000 ten year from now.

To determine

Requirement 4:

We have to determine the cost of sticker in eight years.

To determine

Requirement 5:

We have to determine the cost of new home in eight years.

To determine

Requirement 6:

We have to determine the present value of future payments of $400 at the end of each year till 10 years and $10,000 to be received at the end of 10 year.

To determine

Requirement 7:

We have to determine the present value of future payments of $500,00 receivable at the end of each year till 20 years.

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