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$1.00 at Compound Accounting accumulation of $1.00 amortization AMOUNT Rule ANNUITY Rule Annuity Studies annum Auditing basis bearing better purchase bond nets Bonds due bonds maturing bonds payable C. P. A. examination CHAPTER compound interest decreasing balances depreciation on decreasing effective rate equal annual payments estimated falls due final payment Formula found by dividing found by multiplying found by subtracting given amount given number group of bonds Guide hence installments interest payable semi-annually intermediate payments invested investor l+er)n l+r)»-l Typical Problem machine costing moiety money is worth months later nominal interest nominal rate number of periods obligation paid payable annually payable semi PREMIUM OR DISCOUNT Prepare a table present worth Presuming Price produce promptly purchaser a nominal quarterly rate of depreciation rate of interest rate of nominal re-invested received remainderman rent Required the present residual value sinking fund sold Syllabus of Bookkeeping table showing tenant
Page 20 - ... provides for the valuation of all bonds, redeemed in one sum at the end of a term of n years and with semiannual dividends. Particular attention is called to the fact that the annuity must be taken for the term 2n, and at the rate of interest j/2. Example 17. — What is the bid on $100,000 highway 5% bonds maturing at the end of 3 years, interest payable semiannually, to net purchaser a nominal rate of 4% convertible half-yearly?