Swifty Corporation financed the purchase of a machine by making payments of $20500 at the end of each of five years. The appropriate rate of interest was 12%. The future value of one for five periods at 12% is 1.76234. The future value of an ordinary annuity for five periods at 12% is 6.35285. The present value of an ordinary annuity for five periods at 12% is 3.60478. What was the cost of the machine to Swifty

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?

Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution