Liberty BUS 223 Time Value of Money

Liberty BUS 223 Time Value of Money in $8 Only

Take one of your goals and use time value of money with it. You need to include your goal and inputs. For example, one of my goals is to buy furniture in 12 months and it will cost me $1,000. You need to find out how much you can earn on your money and how much you need today or how much you need to put away each month. Therefore, I could say that the interest rate is 2% and the time frame is 12 months. My FV is $1,000 and I would be solving for PMT in this situation.

Hints

When it is monthly, you need to change the setting to 12 payments per year on the calculator and divide the interest by 12 if you are using Excel.
If you are paying out for a payment or the present value (most of the time you will be using PV), then you need to enter it as a negative number.
Try to estimate what you think it will be before completing the mathematical equation. If you are getting a car payment of $1,000, then you probably entered something wrong.
Always clear out the calculator after each problem (2nd FV).

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Liberty ACCT 401 Assignment Chapter 7 Problems

Liberty ACCT 401 Assignment Chapter 7 Problems Spring 2015 in $11

ACCT 401 – Spring B 2015 

Assignment:

Chapter 7

1.

Problem 7-50 (LO 7-1)

In 2013, Lisa and Fred, a married couple, have taxable income of $355,000. If they were to file separate tax returns, Lisa would have reported taxable income of $137,500 and Fred would have reported taxable income of $217,500.Use Tax Rate Schedule for reference.
What is the couple’s marriage penalty or benefit?(Do not round intermediate calculations. Round your answer to 2 decimal places.Input the amount as positive value.)

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