English Audio Bible - Leviticus (COMPLETE) - New American Standard Bible...

Living With the Amish 🇺🇸

Catholic Daily Mass - Daily TV Mass - September 30, 2023

Lam Mantra - Root Chakra Muladhara - Open up feelings of Security, Pros...

Rosary from Lourdes - 30/09/2023

Mac Sabbath at Dante's 9, 30, 2022

I Went To The Worst Ghettos In The United States: Part Two

Rosary from Lourdes - 29/09/2023

Catholic Daily Mass - Daily TV Mass - September 29, 2023

English Audio Bible - Exodus (COMPLETE) - New American Standard Bible 19...

Training Vlog: Day 331 of Year 2 of Operation Great Reset - Build Back B...

“The most progressive tax years in US history were 1944 and 1945, with a 94% rate applied to any income above $200,000 (the equivalent in 2009 of $2.4 million). Such top rates, often denounced as confiscatory by those who had to pay them, would not drop below 80% for another 20 years. At the end of World War II, many other countries adopted similar and often extreme tax measures. In the UK during the war, the top income tax rate rose to an extraordinarily stunning 99.25%!” ― Klaus Schwab, COVID-19: The Great Reset Awesome day of training!

Catholic Daily Mass - Daily TV Mass - September 28, 2023

Rosary from Lourdes - 28/09/2023

432Hz- Alpha Waves Heal The Whole Body and Spirit, Emotional, Physical, ...

Archangel Michael and Jesus Christ Healing All the Damage of the Body, t...

Training Vlog: Day 330 of Year 2 of Operation Great Reset - Build Back B...

“cooperation is “the only thing that will redeem mankind.” ― Klaus Schwab, The Fourth Industrial Revolution Great day of training in the Fox Hill Apts. parking lot. Got a lot of cool social interaction in this video as well, as it was a beautiful early Autumn day. All the neighbors were out. Even got a brand new St. Louis Cardinals hat toward the end of the video from my awesome neighbor Rose.

Inside the Life of Titus 🇺🇸

Rosary from Lourdes - 27/09/2023

Catholic Daily Mass - Daily TV Mass - September 27, 2023

Training Vlog: Day 329 of Year 2 of Operation Great Reset - Build Back B...

“Voltaire, the French philosopher and writer of the Enlightenment era who lived for many years just a few miles away from where I am writing this book, once said: “Doubt is an uncomfortable condition, but certainty is a ridiculous one.”74” ― Klaus Schwab, The Fourth Industrial Revolution It is a hot day for wheelchair roadwork training. But it was still fun. It is going to be hot all week.

Hitchhiking to Nashville With Titus 🇺🇸

🔴 Rosary Tuesday Sorrowful Mysteries of the Rosary September 26, 2023 Pr...

Catholic Daily Mass - Daily TV Mass - September 26, 2023

English Audio Bible - Genesis (COMPLETE) - New American Standard Bible 1...

Accounting: The Language of Business - Vol. 2 (Intermediate: Part 104)

“It’s not about ideas. It’s about making ideas happen.”
— Scott Belsky, co-founder of Behance

Accounting and the Time Value of Money (Part N)

by

Charles Lamson

Present Value of an Annuity Due

Present values of annuities due differ from present values of ordinary annuities because the payments occur at the beginning of the period instead of the end of the period. For example, assume that you have the opportunity to receive $100 for the next 3 years with the first payment occurring today. Given an interest rate of 8%, How much would you be willing to pay for this investment today? 

Let's compare this annuity due with the ordinary annuity we discussed in the previous several parts. In these previous parts, the payments occurred at the end of each period and, thus, the problem was an ordinary annuity. However, if the payments are made at the beginning of each period, it is an annuity due.

The following timeline depicts a present value for an annuity due with the payments occurring at the beginning of each period. There are three deposits with only two discount periods. The first cash flow is not discounted and is valued at $100 because it is received today.

Now compare the annuity due to the ordinary annuity depicted in the following timeline. there are still three deposits, but there are three discount periods. Unlike the annuity due, we have to wait until the end of the period for the first cash flow. As a result, the present value of an annuity due is more valuable than a present value of an ordinary annuity.

You can solve this problem using a series of single sum problems as shown in the following table. 

By using the present value of $1 factors from Table 7A.2 from Part 94 and excerpted next, we can determine that you would be willing to pay no more than $278.32.

Click to enlarge.

The annuity due is more valuable than the ordinary annuity by $20.62 (i.e.,  $278.32 -  $257.70). What causes this difference? The first payment of an annuity due is not discounted whereas all payments are discounted with the ordinary annuities. The difference between the sum of the nominal cash flows ($300) and the present value of the future cash flows ($278.32) represents the interest of $21.68 earned on the investment.

A series of single-sum problems can be used to solve these types of problems, but it is most efficient to solve present value of annuity due problems using a formula, table, spreadsheet, or financial calculator, all of which will be discussed in the next few parts. 

*GORDON, RAEDY, SANNELLA, 2019, INTERMEDIATE ACCOUNTING, 2ND ED., PP. 342-343*

end

HOLY ROSARY FROM LOURDES - 2023-09-25

Catholic Daily Mass - Daily TV Mass - September 25, 2023

Living Off the Grid in Arizona Desert 🇺🇸

He's Lived 50 Years Off the Grid in Appalachia 🇺🇸

I Stayed A Week In Slab City

Catholic Daily Mass - Daily TV Mass - September 24, 2023

Monk Chanting - Ancient Meditation Music - Sacred Meditation Music

528hz + 432hz + 741hz + 963hz Solfeggio Frequencies | Whole Body Regener...

Rosary from Lourdes - 24/09/2023

The REAL LOCAL Residents of SLAB CITY Tour- (Documentary)

Root Chakra Healing Chants ⁂ LET GO OF FEARS & INSECURITIES ⁂ Seed Mantr...

Catholic Daily Mass - Daily TV Mass - September 23, 2023

Accounting: The Language of Business - Vol. 2 (Intermediate: Part 103)

“There’s nothing wrong with staying small. You can do big things with a small team.”
— Jason Fried, CEO of Basecamp

 Accounting and the Time Value of Money (Part M)

by

Charles Lamson

Factor Table Solution for Solving Present Value of Ordinary Annuity Problems. Table 7A.5 presents the factors for solving present value of ordinary annuity problems. Equation 7.14 solves present value of ordinary annuity problems using the factors in Table 7A.5.

Click to enlarge.

Refer to the factor that is in the row for the number of compounding periods and the column for the interest rate per compounding period. For example, referring to Exhibit 7.12, the factor associated with four periods and a 2% interest rate is 3.80773.

EXAMPLE 7.22 Present Value of an Ordinary Annuity: Table Approach

Spreadsheet Solution to Solve the Present Value of Ordinary Annuity Problems. To solve the present value of ordinary annuity problems with a spreadsheet application such as Microsoft Excel, input the following variables into a spreadsheet cell:

= PV(I/Y,N,PMT,FV,type) 

For the present value of an ordinary annuity, do not import a variable into the fifth position because if it is omitted, it is assumed to be zero. because the type defaults to zero, do not include the last variable when the payment occurs at the end of each period. 

Financial Calculator Solution for Value of Ordinary Annuity Problems. Finally, present value of an ordinary annuity problems can be solved using a financial calculator. To solve the problem in Example 7.23, enter the following keystrokes.

The calculator shows the present value of the annuity is $(124,622.10). These keystrokes correspond to an inflow of $10,000 for 20 compounding periods at a 5% interest rate per compounding period. Note that the calculator defaults to “end mode” for an ordinary annuity because the cash flows occur at the end of each period. 

*GORDON, RAEDY, SANNELLA, 2019, INTERMEDIATE ACCOUNTING, 2ND ED., PP. 341-342*

end

Rosary from Lourdes - 23/09/2023

BABYMETAL-Catch me if you can-Live HD

The women who accompanied Jesus

Luke 8:1-3

Jesus made his way through towns and villages preaching, and proclaiming the Good News of the kingdom of God. With him went the Twelve, as well as certain women who had been cured of evil spirits and ailments: Mary surnamed the Magdalene, from whom seven demons had gone out, Joanna the wife of Herod’s steward Chuza, Susanna, and several others who provided for them out of their own resources.

Training Vlog: Day 325 of Year 2 of Operation Great Reset - Build Back B...

“In practical terms, this means that leaders cannot afford to think in silos. Their approach to problems, issues and challenges must be holistic, flexible and adaptive, continuously integrating many diverse interests and opinions. Emotional intelligence – the heart As a complement to, not a substitute for, contextual intelligence, emotional intelligence is an increasingly essential attribute in the fourth industrial revolution.” ― Klaus Schwab, The Fourth Industrial Revolution Capped the week off with another very strong training performance. The best week of training I've ever had! All glory to God!

HOLY ROSARY FROM LOURDES - 2023-09-22

Catholic Daily Mass - Daily TV Mass - September 22, 2023

Rosary from Lourdes - 22/09/2023

Training Vlog: Day 324 of Year 2 of Operation Great Reset - Build Back B...

“Back in 1971, Herbert Simon, who won the Nobel Prize in Economics in 1978, warned that “a wealth of information creates a poverty of attention.” This is much worse today, in particular for decision-makers who tend to be overloaded with too much “stuff” – overwhelmed and on overdrive, in a state of constant stress.” ― Klaus Schwab, The Fourth Industrial Revolution Training is definitely moving into the intermediate phase. Feeling very strong.

HOLY ROSARY FROM LOURDES - 2023-09-21

Lam Mantra - Root Chakra Muladhara - Open up feelings of Security, Pros...

Looking to unlock your feelings of security, prosperity, and belonging? The Lam Mantra - Root Chakra Muladhara is here to help! This powerful mantra has been used for centuries to connect with the root chakra, the energy center located at the base of the spine. By reciting this mantra, you can activate the energy of the root chakra, which is associated with feelings of safety, stability, and groundedness. In this video, you will be guided through the Lam mantra by an experienced practitioner. You will learn how to chant the mantra correctly and how to focus your intention on opening up your root chakra. The soothing sounds of the chanting will help you relax and enter a meditative state, where you can connect with your inner self and release any blockages that may be preventing you from feeling secure and grounded. Whether you are new to chanting or a seasoned practitioner, this video is for you. By the end of the session, you will feel more grounded, centered, and connected to the earth. So, if you're ready to open up your feelings of security, prosperity, and belonging, join us and let the power of the Lam Mantra - Root Chakra Muladhara guide you.

Catholic Daily Mass - Daily TV Mass - September 21, 2023

St Matthew, Apostle and Evangelist

 

He was born in Capernaum, and was working as a tax-collector when Jesus called him. He is thought by some scholars to have written an early version of his gospel in Aramaic, a precursor to the Greek version we now have. He is also said to have preached in the East.

  See the article in the Catholic Encyclopaedia.

Training Vlog: Day 323 of Year 2 of Operation Great Reset - Build Back B...

“One of the great lessons of the past five centuries in Europe and America is this: acute crises contribute to boosting the power of the state. It’s always been the case and there is no reason why it should be different with the COVID-19 pandemic. Historians point to the fact that the rising fiscal resources of capitalist countries from the 18th century onwards were always closely associated with the need to fight wars, particularly those that took place in distant countries and that required maritime capacities. Such was the case with the Seven Years’ War of 1756-1763, described as the first truly global war that involved all the great powers of Europe at the time. Since then, the responses to major crises have always further consolidated the power of the state, starting with taxation: “an inherent and essential attribute of sovereignty belonging as a matter of right to every independent government”.[66] A few examples illustrating the point strongly suggest that this time, as in the past, taxation will increase. As in the past, the social rationale and political justification underlying the increases will be based upon the narrative of “countries at war” (only this time against an invisible enemy).” ― Klaus Schwab, COVID-19: The Great Reset MY BEST TRAINING DAY EVER!

Rosary from Lourdes - 20/09/2023

Catholic Daily Mass - Daily TV Mass - September 20, 2023

Root Chakra Healing, Unblock Your Root Chakra, Powerful Root Chakra Medi...

💚 Heart Chakra Healing with HANG Drum + Rain Music || Attract Love || Le...

What Blocks Heart Chakra? Heart Chakra is our center of love and compassion and it is blocked by emotional pain, trauma and stress - usually caused by bad memories and/or stress. How to Unblock Heart Chakra? First step is to connect and tune into your heart chakra. As you sit for meditation, this track's frequency will help to bring focus gently to heart center, (its composed using the primary resonant frequency of heart chakra). As you settle down, place both palms on your heart center and silently recite these affirmations. My heart is open to love's abundance. I am deserving of unconditional love. I forgive and let go, freeing my heart. Love flows through me and connects all. Compassion guides my actions. Gratitude attracts more love to my life. I embrace vulnerability and deep connections. I honor and express my emotions. I create love and harmony in all relationships. I love and accept myself completely.

Training Vlog: Day 322 of Year 2 of Operation Great Reset - Build Back B...

“In all moments of major technological change, people, companies, and institutions feel the depth of the change, but they are often overwhelmed by it, out of sheer ignorance of its effects”. Being overwhelmed due to ignorance is precisely what we should avoid, particularly when it comes to how the many diverse communities that comprise modern society form, develop and relate to one another.” ― Klaus Schwab, The Fourth Industrial Revolution

Rosary from Lourdes - 19/09/2023

Catholic Daily Mass - Daily TV Mass - September 19, 2023

St Joseph of Cupertino The Reluctant Saint

Catholic Daily Mass - Daily TV Mass - September 18, 2023

Mon, Sep 18 - Holy Catholic Mass from the National Shrine of The Divine ...

SOLFEGGIO GREGORIAN CHANT BINAURAL BEAT SLEEP MEDITATION HEALING MUSIC

Gregorian Chanting with 528Hz Pure Tone For Miraculous Healing and Trans...

Rosary from Lourdes - 18/09/2023

Sun, Sep 17 - Holy Catholic Mass from the National Shrine of The Divine ...

HOLY ROSARY FROM LOURDES - 2023-09-17

SLAB CITY

Escape From Slab City

This California Desert Community Is Absolutely Nuts

Accounting: The Language of Business - Vol. 2 (Intermediate: Part 102)

To say accounting for derivatives in America is a sewer is an insult to sewage.

Charlie Munger

Accounting and the Time Value of Money (Part L)

by

Charles Lamson

Present Value of Ordinary Annuity

In a present value of an ordinary annuity problem (cash flows occur at the end of the period), we know the payments, the interest rate, and the number of compounding periods, and we are asked to compute the present value. For example, assume that you have the opportunity to receive $100 at the end of each of the next three years. Given an interest rate of 8%, how much would you be willing to pay for this investment today? Exhibit 7.11 depicts this scenario graphically. 

We can solve this problem using a series of single sum problems as shown in the table below by computing the present value for each of the $100 payments. The present value for the first, second, and third payments, respectively, is $92.59, $85.73, and $79.38. We add these three present values together to get a total present value of $257.70.

The difference between the sum of the nominal cash flows ($300) and the present value of the future cash flows ($257.70) represents the interest of $42.30 earned on the investment. By using the present value of $1 factors from Table 7A.2 (excerpted text from Part 94) we can also determine that you would be willing to pay no more than $257.70.

Although present value of ordinary annuity problems can be solved using a series of single sum problems, it is more efficient to solve using a formula, table, spreadsheet, or financial calculator, all of which will be discussed in the next few parts. In the remainder of this post, we will discuss the formula solution. 

Formula Solution. Equation 7.13 is the formula for a present value of an ordinary annuity problem: 

EXAMPLE 7.21 Present Value of an Ordinary Annuity: Formula Approach

*GORDON, RAEDY, SANNELLA, 2019, INTERMEDIATE ACCOUNTING, 2ND ED., PP. 339-340*

end

Rosary from Lourdes - 16/09/2023

Sat, Sep 16 - Holy Catholic Mass from the National Shrine of The Divine ...

Training Vlog: Day 318 of Year 2 of Operation Great Reset - Build Back B...

“Emerging operating models also mean that talent and culture have to be rethought in light of new skill requirements and the need to attract and retain the right sort of human capital. As data become central to both decision-making and operating models across industries, workforces require new skills, while processes need to be upgraded (for example, to take advantage of the availability of real-time information) and cultures need to evolve. As I mentioned, companies need to adapt to the concept of “talentism”. This is one of the most important, emerging drivers of competitiveness. In a world where talent is the dominant form of strategic advantage, the nature of organizational structures will have to be rethought. Flexible hierarchies, new ways of measuring and rewarding performance, new strategies for attracting and retaining skilled talent will all become key for organizational success. A capacity for agility will be as much about employee motivation and communication as it will be about setting business priorities and managing physical assets.” ― Klaus Schwab, The Fourth Industrial Revolution

Rosary from Lourdes - 15/09/2023

Catholic Daily Mass - Daily TV Mass - September 15, 2023

'Woman, this is your son'

 John 19:25-27

Near the cross of Jesus stood his mother and his mother’s sister, Mary the wife of Clopas, and Mary of Magdala. Seeing his mother and the disciple he loved standing near her, Jesus said to his mother, ‘Woman, this is your son.’ Then to the disciple he said, ‘This is your mother.’ And from that moment the disciple made a place for her in his home.

I Went To Every Single Homeless Camp In Los Angeles

Training Vlog: Day 317 of Year 2 of Operation Great Reset - Build Back B...

“The app economy provides an example of a new job ecosystem. It only began in 2008 when Steve Jobs, the founder of Apple, let outside developers create applications for the iPhone. By mid-2015, the global app economy was expected to generate over $100 billion in revenues, surpassing the film industry, which has been in existence for over a century.” ― Klaus Schwab, The Fourth Industrial Revolution

Rosary from Lourdes - 14/09/2023

Catholic Daily Mass - Daily TV Mass - September 14, 2023

HOLY ROSARY FROM LOURDES - 2023-09-13

Catholic Daily Mass - Daily TV Mass - September 13, 2023

Love

1 Corinthians 13:4-7 ©

Love is always patient and kind; it is never jealous; love is never boastful or conceited; it is never rude or selfish; it does not take offence, and is not resentful. Love takes no pleasure in other people’s sins but delights in the truth; it is always ready to excuse, to trust, to hope, and to endure whatever comes. 1 Corinthians 13:8-9,13 © Love does not come to an end. But if there are gifts of prophecy, the time will come when they must fail; or the gift of languages, it will not continue for ever; and knowledge – for this, too, the time will come when it must fail. For our knowledge is imperfect and our prophesying is imperfect. In short, there are three things that last: faith, hope and love; and the greatest of these is love. Colossians 3:14-15 © Over all these clothes, to keep them together and complete them, put on love. And may the peace of Christ reign in your hearts, because it is for this that you were called together as parts of one body. Always be thankful. Love does not come to an end. But if there are gifts of prophecy, the time will come when they must fail; or the gift of languages, it will not continue for ever; and knowledge – for this, too, the time will come when it must fail. For our knowledge is imperfect and our prophesying is imperfect. In short, there are three things that last: faith, hope and love; and the greatest of these is love. Over all these clothes, to keep them together and complete them, put on love. And may the peace of Christ reign in your hearts, because it is for this that you were called together as parts of one body. Always be thankful.

Catholic Daily Mass - Daily TV Mass - September 12, 2023

Rosary from Lourdes - 12/09/2023

WONDERLUST - Full Documentary | Anarchy & Freedom in Slab City

Training Vlog: Day 315 of Year 2 of Operation Great Reset - Build Back B...

“the deluge of information available today, the velocity of disruption and the acceleration of innovation are hard to comprehend or anticipate. They constitute a source of constant surprise. In such a context, it is a leader’s ability to continually learn, adapt and challenge his or her own conceptual and operating models of success that will distinguish the next generation of successful business leaders. Therefore, the first imperative of the business impact made by the fourth industrial revolution is the urgent need to look at oneself as a business leader and at one’s own organization. Is there evidence of the organization and leadership capacity to learn and change? Is there a track record of prototyping and investment decision-making at a fast pace? Does the culture accept innovation and failure?” ― Klaus Schwab, The Fourth Industrial Revolution

The Last Free Place in America | Slab City | ENDEVR Documentary

Catholic Daily Mass - Daily TV Mass - September 11, 2023

Rosary from Lourdes - 11/09/2023

Accounting: The Language of Business - Vol. 2 (Intermediate: Part 101)

The stupid and dishonest accountants allowed the genie of totally inappropriate accounting to descend on derivatives books. And once this has happened - people get status, etc. - it's impossible to get it back into the bottle.

Charlie Munger

 Accounting and the Time Value of Money (Part K)

by

Charles Lamson

Spreadsheet Solution for the Future Value of an Annuity Due. To solve for the future value of an annuity due with a spreadsheet application such as Microsoft Excel, input the following variables into a spreadsheets cell:

= FV(I/Y,N,PMT,PV,type) 

For the future value of an annuity due, we put a 1 in the fifth position because the payments occur at the beginning of each period period

Financial Calculator Solution for Future Value of Annuity Due Problems. Finally, future value of annuity due problems can be solved using a financial calculator. To solve the problem in Example 7.20, enter the following keystrokes.

The calculator shows the future value of the annuity due is $2,076,158.77. These keystrokes correspond to an outflow of $100,000 for 16 compounding periods at a 3% interest rate per compounding period. The fourth row of keystrokes adjusts the calculator settings to “ beginner mode” because this is an annuity due with the payments occurring at the beginning of the period as opposed to an ordinary annuity (the default mode) where the payments occur at the end of the period. 

*GORDON, RAEDY, SANNELLA, 2019, INTERMEDIATE ACCOUNTING, 2ND ED., PP. 338-339*

end