Posts Tagged ‘received’
What is the FORMULA to find out the net present value of an amount to be received in the future?
09
Jun
The present value of a payment to be received in the future is?
15
May
A,B or C?
a)equal to the borrowed principal minus the total value of interest payments.
b)the maximum amount a person is willing to pay today for to get that payment later.
c)the interest rate equivalent to the foregone stream of income.
If A Late Payment Is Received; Can I Apply It To Late Charges Before Past Due Balance?
21
Apr
I work at a plumbing shop, we tend to get some customers who pay they’re bills VERY late. Our company charges a 1.5% interest rate every month past the payment due date, for some people they really start piling up. If we receive a check written to the company for the price of labor but not including the months of finance charges would it be possible to take part or all of the payment and assess it to finance charges instead of the labor?
Do I include money received from the sale of a house I inherited on my income tax returns?
13
Apr
I inherited a house from my parents and sold it. I realize that since I sold it within a few months there will be no tax. However, do I have to report the sale in any way on my tax returns?
Also, I was the beneficary on my father’s annuity. He rolled over his IRA into this annuity. Am I required to count this as income and pay taxes on it? I received a 1099 on this.
Why present value of an annuity received in the future is less than its nominal value @ the time of receipt?
27
Mar
Under what condition(s) would the two be equal?
The future value of an annuity assumes that the payments are received at the end of the year and that the last?
13
Mar
The future value of an annuity assumes that the payments are received at the end of the year and that the last payment does not compound.
a)False
b) True