Presented below are three unrelated situations. ...

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Accounting

Presented below are three unrelated situations.

Pina Company recently signed a lease for a new office building, for a lease period of 10 years. Under the lease agreement, a security deposit of $12,720 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 5% per year. Click here to view factor tables What amount will the company receive at the time the lease expires? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
The company will receive $enter a dollar amount rounded to 0 decimal places

Grouper Corporation, having recently issued a $20,089,900, 15-year bond issue, is committed to make annual sinking fund deposits of $621,600. The deposits are made on the last day of each year and yield a return of 10%. Click here to view factor tables Will the fund at the end of 15 years be sufficient to retire the bonds?
Future value of an ordinary annuity $enter a dollar amount rounded to 0 decimal places

Will funds be sufficient?

select between Yes and No

YesNo

Grouper Corporation, having recently issued a $20,089,900, 15-year bond issue, is committed to make annual sinking fund deposits of $621,600. The deposits are made on the last day of each year and yield a return of 10%. Click here to view factor tables Determine the amount of deficiency. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Deficiency $enter a dollar amount rounded to 0 decimal places

Under the terms of his salary agreement, president Adams Walters has an option of receiving either an immediate bonus of $60,500, or a deferred bonus of $77,000 payable in 10 years. Click here to view factor tables Ignoring tax considerations and assuming a relevant interest rate of 4%, which form of settlement should Walters accept?
Present value of deferred bonus $enter a dollar amount rounded to 0 decimal places

select an option

Accept Deffered Bonus in 10 yearsAccept Bonus Now

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