Reply
Results 1 to 5 of 5
  1. #1
    Registered User Markus87's Avatar
    Join Date: Feb 2006
    Location: Montreal, Quebec, Canada
    Age: 33
    Posts: 91
    Rep Power: 209
    Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10)
    Markus87 is offline

    Misc Accountants....quick basic journal entry question!

    In this question above, for the first entry, where does the 3.88965 come from? How do I calculate it? The practice problems in the book only have calculations for less than one year, so for a 5yr note I have no idea

    Thanks guise...


    Reply With Quote

  2. #2
    If not now, When? FSUFAN11's Avatar
    Join Date: May 2009
    Age: 31
    Posts: 1,387
    Rep Power: 2290
    FSUFAN11 is just really nice. (+1000) FSUFAN11 is just really nice. (+1000) FSUFAN11 is just really nice. (+1000) FSUFAN11 is just really nice. (+1000) FSUFAN11 is just really nice. (+1000) FSUFAN11 is just really nice. (+1000) FSUFAN11 is just really nice. (+1000) FSUFAN11 is just really nice. (+1000) FSUFAN11 is just really nice. (+1000) FSUFAN11 is just really nice. (+1000) FSUFAN11 is just really nice. (+1000)
    FSUFAN11 is offline
    you need a Pv of a regular annuity table... we have one in the back of the book

    strong lurker

    Join Date: Feb 2006
    Posts: 82
    Misc Firearms Crew
    Misc Lawyer Crew
    Misc Photography Crew
    Reply With Quote

  3. #3
    Registered User sickkyknarbar's Avatar
    Join Date: Jul 2010
    Location: Los Angeles, California, United States
    Age: 31
    Posts: 3,468
    Rep Power: 858
    sickkyknarbar is a jewel in the rough. (+500) sickkyknarbar is a jewel in the rough. (+500) sickkyknarbar is a jewel in the rough. (+500) sickkyknarbar is a jewel in the rough. (+500) sickkyknarbar is a jewel in the rough. (+500) sickkyknarbar is a jewel in the rough. (+500) sickkyknarbar is a jewel in the rough. (+500) sickkyknarbar is a jewel in the rough. (+500) sickkyknarbar is a jewel in the rough. (+500) sickkyknarbar is a jewel in the rough. (+500) sickkyknarbar is a jewel in the rough. (+500)
    sickkyknarbar is offline
    How many payments of 400,000:

    1,555,860/400,000=3.88965 Payments of 400,000
    Reply With Quote

  4. #4
    Pastafarian tts0lid's Avatar
    Join Date: Jun 2007
    Location: Florida, United States
    Age: 35
    Posts: 5,137
    Rep Power: 1330
    tts0lid is just really nice. (+1000) tts0lid is just really nice. (+1000) tts0lid is just really nice. (+1000) tts0lid is just really nice. (+1000) tts0lid is just really nice. (+1000) tts0lid is just really nice. (+1000) tts0lid is just really nice. (+1000) tts0lid is just really nice. (+1000) tts0lid is just really nice. (+1000) tts0lid is just really nice. (+1000) tts0lid is just really nice. (+1000)
    tts0lid is offline
    Originally Posted by FSUFAN11 View Post
    you need a Pv of a regular annuity table... we have one in the back of the book

    strong lurker

    Join Date: Feb 2006
    Posts: 82
    ^that... you use a PV table... you could have also calculated the 1,555,860 with this formula:

    PVoa = PMT((1 - (1 / (1 + i)^n)) / i)

    or 400000*((1-(1/(1+0.09)^5))/0.09)
    "Too often we enjoy the comfort of opinion without the discomfort of thought." – John F Kennedy.
    Reply With Quote

  5. #5
    Registered User Markus87's Avatar
    Join Date: Feb 2006
    Location: Montreal, Quebec, Canada
    Age: 33
    Posts: 91
    Rep Power: 209
    Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10) Markus87 is on a distinguished road. (+10)
    Markus87 is offline
    Originally Posted by FSUFAN11 View Post
    you need a Pv of a regular annuity table... we have one in the back of the book

    strong lurker

    Join Date: Feb 2006
    Posts: 82
    Thanks! That actually refreshed my memory of my last financial acco course I took last year, guess we didn't cover the PV/FV this semester yet. Probably post-midterm.

    Yeah I know lol, I post frequently on two other msg boards and mostly come to the Misc for the lulz, and read the nutrition forum.

    I sent some of my measly repz
    Reply With Quote

Similar Threads

  1. Replies: 6
    Last Post: 01-31-2010, 07:13 AM
  2. Accounting help (very basic journal entry)
    By KingCanuck in forum Misc.
    Replies: 9
    Last Post: 11-05-2008, 11:15 AM
  3. Quick basic Sci fit 1500 kre alkalyn question
    By cali87 in forum Product Reviews - Help Out!
    Replies: 0
    Last Post: 10-31-2007, 03:30 PM
  4. quick basic question, (reps)
    By Ted Nugent in forum Teen Bodybuilding
    Replies: 4
    Last Post: 08-21-2007, 04:47 PM
  5. Quick, basic NO-Explode question...
    By 2XL in forum Supplements
    Replies: 2
    Last Post: 01-26-2007, 08:08 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
]]>