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(a) A man deposits $2000 in an IRA on his 21st birthday and on each subsequent birthday up to, and including, his 29th (nine deposits in all). The account earns 8% compounded annually. If he leaves the money in the account without making any more deposits, how much will he have on his 65th birthday, assuming the account continues to earn the same rate of interest?
(b) How much would be in the account (to the nearest dollar) on his 65th birthday if he had started the deposits on his 30th birthday and continued making deposits on each birthday (until and including) his 65th birthday?
What are the legal requirements for Small Claims Court? Where does one file such an action? With whom? What hours? What topics does a small claims suit include? What is the age limit, if any, to file a claim?
Question 4 Calculate a table of interest rates based on the following information: Inflation expectations for year 1 = 3%, year 2 =3.5%, years 3-5 =5% The default risk is .1% for year one and increases by .2% over each year Liquidity premium is 0 for..
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You are the purchasing manager of a hospital. The hospital uses a particular medical product more or less constant at 7871 units per year. You purchase the product from a supplier for $80.97 per unit. It costs about $11.4 per unit to store the produc..
Why do you think the two students decided to incorporate their business rather than operate it as a partnership?
Ben Whitney manufactures holiday decorations. Overhead is applied to products on the basis of direct labor hours. Last year, total overhead costs were expected to be $85,000. Actual overhead costs totaled $88,750 for 8,400 actual hours. At the end of..
Management has offered to allow the prevention changes if all changes take place as anticipated and the amounts netted are less than the cost of the equipment. What is net impact of all the changes created by the preventive changes?
Can you explain how to prepare a statement of cash flows using the indirect method using the following numbers?
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Bledel Company had accounts receivable of $100,000 on January 1, 2010. The only transactions that affected accounts receivable during 2010 were net credit sales of $1,000,000, cash collections of $900,000, and accounts written off of $30,000.
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