Parker Posie wants to determine how much she must deposit today at 14% interest to provide four withdrawals of $26,000 at the end of each year, beginning five years from now. This is an example of the present value of
A) an ordinary annuity.
B) an annuity due.
C) a compound annuity due.
D) a deferred ordinary annuity.
D
You might also like to view...
With regard to a capital investment, net cash inflow is equal to the
a. cost savings resulting from the investment. b. sum of all future revenues from the investment. c. net increase in cash receipts over cash payments. d. net increase in cash payments over cash receipts.
Purchased goods in transit should be included in the ending inventory of the buyer if the goods were shipped FOB shipping point
Indicate whether the statement is true or false
On January 1, 2010, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments consisting of principal and interest of $15,179, beginning on December 31, 2010. The December 31, 2010 carrying amount in the amortization table for this installment note will be equal to:
A) $27,635 B) $40,201 C) $36,821 D) $48,620
Identify the main verb in the sentence. Our clients were impressed by the presentation