Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. answer asap showing all steps please. a contrac

Answer asap showing all steps please. A contract between two parties (company...

80.2K

Verified Solution

Question

Accounting

Answer asap showing all steps please. image
A contract between two parties (company A \& B) was created such that in return for equipment, company A would provide payments of $1,000 in 6 months, $2,500 in 10 months, and $4,000 in 24 months. However, a clause was inserted in the contract that allowed company A to pay a lump sum payment in month 16. If interest on the contract is 5.8% compounded semiannually, determine the value of the lump sum payment for month 16 that should be written in the contract. When entering your answer, round your values to two decimal places, and use a \$ symbol as well as the correct comma separator. For example $1,234.56

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

fuel consumption for a Boeing 747 commercial jet in cruising position has an approximately normal distribution...

Statistics
Q

DQ1 Describe the events that must occur to generate an AP. Relate the sequence of changes...

Medical Sciences
Q

Given that the density of air at 0.987 bar and 27°C is 1.146 kg m−3, calculate...

Chemistry
Q

Do an analysis of the innovation culture of one local and one international organisation in your...

General Management
Q

Imagine you are the chief financial officer of a company with valuable internally created intangible assets....

Accounting
Q

1 Why would A T pairs be abundant at the origin of replication Answer

Biology
Q

7 Twelve identical wires of resistance 6 Q each are arranged to form the edges...

Physics
Q

A small bar A resting on a smooth horizontal plane is attached by threads to...

Physics
Q

Match the correct definition with the type of income consistent Income Inconsistent Income a Your...

Algebra
Q

Question 4 4 pts Exercise 10-13. Bellevue Retailers expects to make inventory purchases in the...

Accounting
Q

The most rigorous of all standards is the O realistic standard. O conceivable standard. O...

Accounting
Q

Midland Petroleum is holding a stockholders' meeting next month. Ms. Ramsey is the president of...

Finance