FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- someone solve it step by step but not by excelarrow_forwardUsing a present value table (Table 6-4 and Table 6-5), calculate the present value for the following: Note: Use the appropriate value(s) from the tables provided and final answers to the nearest whole dollar. Required: a. A car down payment of $10,000 that will be required in two years, assuming an interest rate of 10%. b. A lottery prize of $22.0 million to be paid at the rate of $1,100,000 per year for 20 years, assuming an interest rate of 10%. c. The same annual amount as in part b, but assuming an interest rate of 14%. d. A financing lease obligation that calls for the payment of $34,000 per year for 10 years, assuming a discount rate of 8%. a. Present value b. Present value c. Present value d. Present valuearrow_forwardCalculate the present value of the cash savings: Samson Inc. is contemplating the purchase of a machine that will provide it with the net after-tax cash savings of $100,000 per year for eight years. Interest is 10%. Assume the cash savings occur at the end of each year.arrow_forward
- Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $119,500 at 6.5% compounded continuously for 20 yearsarrow_forwardYour company will generate $63,000 in annual revenue each year for the next seven years from a new information database. If the appropriate discount rate is 7.50 percent, what is the present value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)arrow_forwardA firm buys a new piece of equipment for $28,808, and will receive a cash flow of $3,700 per year for fourteen years. What is the IRR? (Use a Financial calculator to arrive at the answers. Round the final answer to the nearest whole percent.) IRR %arrow_forward
- Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Achieve $6,000 in three years at 2.5% simple interest.arrow_forwardneed complete and correct answer with proper explanation , computation formula and steps answer in text formarrow_forwardCalculate the present value of the cash savings: Samson Inc. is contemplating the purchase of a machine that will provide it with the net after-tax cash savings of $100,000 per year for eight years. Interest is 10%. Assume the cash savings occur at the end of each year.arrow_forward
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