How much must the balance of the fund equal on june

Reference no: EM13242255

Stephen Bosworth, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 9% basis that will enable him to withdraw $26,600 per year on June 30, beginning in 2016 and continuing through 2019. To develop this fund, Stephen intends to make equal contributions on June 30 of each of the years 2012–2015. (a) How much must the balance of the fund equal on June 30, 2015, in order for Stephen Bosworth to satisfy his objective? (Round answers to 0 decimal places, e.g. $458,581.) Balance of the fund equal on June 30, 2015

Reference no: EM13242255

Questions Cloud

What provisions of the emperor justinian''s law code : The Roman Empire was, for the most part, a state based on the rule of law. This is one of the legacies of Roman civilization. What provisions of the Emperor Justinian's Law Code (in your text) are also similar to laws that we have today? (Discuss as ..

The roman emperor octavian : The Roman Emperor Octavian (27BC - 14AD) was usually called "Augustus" Caesar because he was viewed "august," honest, fearless etc. What were the attributes of the "Divine Augustus"? According to your readings, why did people like him so much?

Polybius-Why was rome able to conquer the world by 27 BC : According to Polybius, why was Rome able to conquer the world by 27 BC? Was that a good thing or a bad thing, for Polybius?

Describe the first selection from marriage of figaro : How do you describe the first selection from "marriage of figaro?" how do ou describe the second? what is the difference in the intent of the pieces, i.e in the Baroquean era, where wouls be to listen to these pieces?

How much must the balance of the fund equal on june : How much must the balance of the fund equal on June 30, 2015, in order for Stephen Bosworth to satisfy his objective? (Round answers to 0 decimal places, e.g. $458,581.) Balance of the fund equal on June 30, 2015

Rococo painting embarkation for cythera : The oath of the Horatii by david how does this painting embaody four of the five formal characteristics of the neoclassical style? compare this painting to one of the Rococo painting "Embarkation for Cythera", by Watteau, by use of color, line, purpo..

Hanging in the palaces and cathedrals of spain : Rembrandt's masterpiece, the nightwatch how is subject of this painting different from what would be hanging in the palaces and cathedrals of spain, italy,and france?

Listen to beethoven''s symphony on either your book cd : Listen to Beethoven's Symphony on either your book cd or youtube. what do you think of this music?

Regionally-specific cultures struggling to become recognized : Currently, there are very few regionally-specific cultures struggling to become a recognized nation-state. Tibet is one of these, Palestine another, and even Quebec provides us with an example of a group dealing with the dual identity of state and cu..

User Account

All Pages