Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if the present value of a 10-year ordinary is $8,8

If the present value of a 10-year ordinary is $8,812 and interest rates are 8.8...

70.2K

Verified Solution

Question

Accounting

image
If the present value of a 10-year ordinary is $8,812 and interest rates are 8.8 percent, what is the present value of the same annuity due? (ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS AND COMMAS. ROUND YOUR ANSWER TO 2 DECIMAL PLACES.)

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

Q

Please do as little intermediate rounding as possible in order to get the correct p-value. In a...

Statistics
Q

Hypothesis: If people are frequently interrupted by messages on their cell phones while working on an...

Psychology
Q

A single stage double acting air compressor having a clearance of 4% takes in air at...

Mechanical Engineering
Q

The state of ________ was the first to bring up the idea of public education...

Biology
Q

When engaged in some sedentary activity how often should you take a break to just...

Biology
Q

The figure shows a 700 foot tower on the side of a hill that forms...

Geometry
Q

Select the outlier in the data set.57 65 67 69 70 74 75 79 299If...

Basic Math
Q

plify the following union and or intersection er 2 3 U 3 00

Algebra
Q

On December 31, the Income Summary account of Madison Company has a debit balance of...

Accounting
Q

7) True or False - The following questions are included in analyzing and recording transactions....

Accounting
Q

An example of a current liability that must be accrued is: -revenue received in advance....

Accounting
Q

Tharaldson Corporation makes a product with the following standard costs: The company reported the following...

Accounting