Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. roberta will receive $30,000 at the end of each ye

Roberta will receive $30,000 at the end of each year for the next 8 years....

80.2K

Verified Solution

Question

Accounting

Roberta will receive $30,000 at the end of each year for the next 8 years. Roberta has a 6 percent time value of money. The present value of $1, and the present value of an annuity of $1 for eight periods at six percent are 0.62741 and 6.20979, respectively. The present value of the cash receipts is: Select one: A. $ 18,822 B. $ 47,816 C. $186,294 D. $240,000

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

Question 18 What is the Duration Gap for the bank balance sheet shown below? Assets Amount Duration Liabilities and Equity Amount Duration Cash 80 0.00 Non-interest deposits 100 0.00 Securities 270 4.25 NOW...

Finance
Q

Discuss all of the theoretical perspectives used to study social problems and apply them to real...

Psychology
Q

Question 1 The benefits of adopting Total Quality Management (TQM) strategies and approaches for organizations can aptly...

General Management
Q

Convert 8 3 kg to pounds and ounces Conversion ratios 1 lb 16 oz 1...

Basic Math
Q

A light source is located over the center of a circular table of diameter d...

Basic Math
Q

Dan Jones is CFO for a newly formed manufacturing company. Below is the...

Accounting
Q

***Please show how to get answer*** 10. Which of the following is NOT a...

Accounting
Q

513000 $19000 515.000 56,000

Accounting
Q

Required information The following information applies to the questions displayed below August 1,2022, Colombo Company's...

Accounting
Q

6) On October 1, 2021, a company signed a $100,000, 6%, six-month note payable with...

Accounting
Q

Dakota Corporation 15-year bonds have an equilibrium rate of return of 9 percent. For all...

Accounting
Q

(4) Two years ago, Antonio purchased 100 shares of a particular company's stock at a...

Accounting