son Company acquired a building with a loan that requires payments of $28,000 every six months for 3 years. The annual interest rate on the loan is 8%. W he present value of the building? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
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- You have entered into an agreement for the purchase of land. The agreement specifies that you will take ownership of the land immediately. You have agreed to pay $35,000 today and another $35,000 in three years. Calculate the total cost of the land today, assuming a discount rate of (a) 3%, (b) 5%, or (c) 7%. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) a. b. C Payment Amount $ 35,000 35,000 35,000 Interest Rate 3% 5% 7% Compounding Annually Annually Annually Period Due 3 years 3 years 3 years Total Cost of Land TodayA concrete vibrating equipment will be purchased for a cost of $107,425. After a useful life of 5 years it is assumed the equipment will be sold for $33,450. Assume interest of 7.5% for borrowing money, 4.3% for risk, and 2.2% as the equivalent interest rate fortaxes, insurance, and storage, Calculate the annual ownership cost and the cost per hour assuming the equipment will be used 1920 hr. /yr.The company buys a solar panel unit for P105,000. The shipping and installation fees amount to P15,000. If the unit is expected to last for 15 years, with a salvage value of P3,000, what is the depreciation charge during the 12 th year, and the book value at the end of 14 years by the (a) Declining balance method, (b) DDB method, (c) sinking fund method g iven interest rate at 12.5 percent, and (d) Sum-of-the-Years Digit (SYD) Method.
- Grummet Company is acquiring a new wood lathe with a cash purchase price of $80,000. The Wood Master Industries (the manufacturer) has agreed to accept $23,500 at the end of each of the next 4 years. Based on this deal, how much interest will Grummet pay over the life of the loan?A. $94,000B. $80,000C. $23,500D. $14,000A certain power plant is considering two alternatives with regards to a hydraulic equipment which it needs. The following alternatives were considered. Equipment A Equipment B First Cost: P 120,000 P 136,000 Salvage Value: P 15,000 0 Life: 6 years 8 years Annual Maintenance: P 9,000 P 7,000 Compute the difference between the equivalent present worth of the two alternatives if interest rate is 7% compounded annually. Select one: a. P 26,410 b. P 30,108 c. P 28,312 d. P 24,895LEW Company purchased a machine at a price of $100,000 by signing a note payable, which requires a single payment of $123,210 in two years. a. Assuming annual compounding of interest, what rate of interest is being paid on the loan? Use Excel function Rate to calculate the rate. b. What would be the purchase price of the machine had LEW negotiated a single payment of $120,000 in two years, using the same effective rate? Use excel only..
- 2. An electric generator is purchased for P80 000.00, it is expected to be used for five years and then sold for P15 000.00. Annual operating and maintenance costs are estimated at P20 000.00. Using a discount rate of 10%, determine the present worth of the investment. (Ans. — P146 502.00)The Ziggy Trim and Cut Company can purchase equipment on sale for $4,300. The asset has a three-year life, will produce a cash flow of $1,200 in the first and second year, and -$3,000 in the third year. The interest rate is 12%. Calculate the project's NPV. a. -5,620.15 b. -4,407.28 c. 4,407.28 d. 8,463.40 e. 136.60 Clear my choiceA property was purchased for $7260.00 down and payments of $1322.00 at the end of every three months for 4 years. Interest is 3% per annum compounded monthly. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The cost of financing is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
- Consider an income property that is under evaluation for purchase with a $489,398 loan, 3.3% interest rate, compounded annually, amortized over 29 years. The NOI at the end of year 1 is $48,148, year 2 is $54,192, and year 3 is 55,470. At the end of year 3, the property is estimated to sell for $525,700. Discount the equity cash flows over the 3-year holding period at 6.0 percent. Using the principles of mortgage equity capitalization, what is the estimated total property value with a holding period of 3 years? Please post step by step solve.1) USE THE AMORTIZATION TABLE TO ANSWER THIS QUESTION: Bob Jones bought a new log cabin for $ 325,000, at 8% interest for 30 years. He had to pay 20% down to obtain the loan. Required: From the amortization table: What is the outstanding balance after the third payment? 2) From the following facts, for Sum-of-Years-Digits, what is: Given: COST - $ 15,000 RESIDUAL VALUE - $ 4,000 Est. useful life - 4 years Required: What is the book value for the end of year 3? 3) From the following facts, for Sum-of-Years-Digits, what is: Given: COST - $ 15,000 RESIDUAL VALUE - $ 4,000 Est. useful life - 4 years Required: What is the Accumulated Depreciation for the end of year 3? 4) From the following facts, for Sum-of-Years-Digits, what is: Given: COST - $ 15,000 RESIDUAL VALUE - $ 4,000 Est. useful life - 4 years Required: Yearly depreciation for year 3?D4) Finance Cda leased plant over five years. Annual payments were £x in arrears with interest rates at 5%. Licensing fees to operate this plant cost GHI £y. Calculate the Right-of Use value of this asset in GHI’s accounts