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Subject Topic: becker 2009 - F5 (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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Trystdy12
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Posted: 20 Sep 2009 at 17:18 | IP Logged  

CPA - 00394

Can anyone who has a becker book help me with the first question on Pg F5-77? Avoiding typing over here.

My confusion is that given the payment is being made rightaway, an anuity due table should be used but they are using an ordinary anuity table without doing the 1 subtraction or addition

 

Please Can anyone help?

 

 

 

 

 

 

 

 

 

 

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CPA N2009
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Posted: 21 Sep 2009 at 09:06 | IP Logged  

Trystdy12 wrote:

CPA - 00394

Can anyone who has a becker book help me with the first question on Pg F5-77? Avoiding typing over here.

My confusion is that given the payment is being made rightaway, an anuity due table should be used but they are using an ordinary anuity table without doing the 1 subtraction or addition

Please Can anyone help?

I think you miss read the question - it states that it requires 10 annual payments.  Since it's an annuity due you use the 9 period (10-1) which is 6.25 *10,000 = (c) 62,500.

btw - answer explainations are in the back of the book - this one is on page cq-33.  Sometimes that helps me so I don't have to find it on the cd again.



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