Currently (on January 1, 2017), Nolan wants to have $45,000 available on December 31 2022 to purchase a luxury car. To be able to have this amount available, Nolan will make equal quarterly deposits for the next six years in an investment account earning a 16% annual return compounded quarterly. Nolan will make these deposits at the end of March, June, September, and December. What is the amount
to be deposited quarterly for the next six years that will provide for a $45,000 balance at the end of 2022?
A) ?$1,875
B) ?$1,253
C) ?$1,151
D) ?$210
C
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The present value of a future sum decreases as either the discount rate or the number of periods per year increases, other things held constant.
Answer the following statement true (T) or false (F)
If consolidated statements are presented for the first time instead of statements of several individual companies, this change should be accounted for
A) retrospectively. B) prospectively. C) by cumulative effect adjustment. D) by footnote disclosure only.
The Duval Corporation has recently evaluated a proposal to invest in cost-reducing production technology. According to the evaluation, the project would require an initial investment of $17,166 and would provide equal annual cost savings for five years. Based on a 10 percent discount rate, the project generates a net present value of $1,788 . The project is not expected to have any salvage value
at the end of its five-year life. Refer to Duval Corporation. What is the project's expected internal rate of return? Present value tables or a financial calculator are required. a. 10% b. 11% c. 13% d. 14%
Which statement regarding dress and appearance is correct?
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