Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 36.hao made a single investment which, after 6 yea

36.Hao made a single investment which, after 6 years invested at 10% compounded semiannually, has...

70.2K

Verified Solution

Question

Accounting

36.Hao made a single investment which, after 6 years invested at 10% compounded semiannually, has accumulated to $220,900. How much did Hao invest initially? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $220,893 $163,724 $218,363 $122,997 $13,341 37. Elsa is planning to set-up an education fund for her daughter. She plans to invest $7,000 annually at the end of each year. She expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 9 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $87,413.20 $68,040.15 $50,400.40 $126,000.10 $45,360.25 38. Pelcher Company acquired a machine by issuing a note that requires semiannual payments of $5,200 for 4 years. The interest rate on the note is 10% compounded semiannually. What is the cost of the machine? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $18,177.10 $29,863.24 $16,467.27 $33,608.64 $41,600.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students