Melantha

Sum-of-the-Years’ Digits: Definition and How to Calculate.

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Sum-of-the-Years’ Digits: Definition and How to Calculate What is Matheson formula? The Matheson formula is a mathematical formula used in accounting to calculate the present value of a perpetuity. A perpetuity is an annuity that pays out forever. The formula is: PV = PMT / r where PV is the present value, PMT is the … Read more

What Is a Construction Bond?

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A construction bond is a type of surety bond that is often required in order to obtain a construction loan. The bond essentially guarantees that the construction project will be completed according to the agreed-upon terms and schedule. In the event that the contractor defaults on the loan, the bond will cover the cost of … Read more