User Account

All Pages

Determine the amount of the annual deposit

Assignment Help Accounting Basics
Reference no: EM132680821

Soon after your child enters school, you decide to establish an educational fund for college education. You plan to make equal annual deposits on each birthday, beginning with the 7th and ending with the 21st (there are 15 equal annual deposits).

The child will make 5 equal annual withdrawals, beginning with the 19th birthday and ending with the 23rd.If the withdrawals are $35,000 each, and the interest rate is 4%,

Problem 1: determine the amount of the annual deposit.

Reference no: EM132680821

Questions Cloud

What does electrophoresis do : 1. What does electrophoresis do? 2. Why would a forensic scientist use it?
Calculate the payroll tax on Lexi bonus : Lexi Shirve works for an organization in Northwest Territories. She received a bonus of $1,200.00. Calculate the payroll tax on Lexi's bonus
Which type of factors influence employees job satisfaction : We know there are three types of major factors influence job satisfaction of the employees. These are individual factors, work related factors and factors.
Expain changes in the pharmacokinetics of medx : Explain 4 age related changes in the pharmacokinetics of Medx to justify why dose reduction is necessary in old age people with malignancy. For each of those ag
Determine the amount of the annual deposit : Determine the amount of the annual deposit. Soon after your child enters school, you decide to establish an educational fund for college education.
Describe optimal conditions for enzymes : New York State is the second largest apple producing state in the U.S. Most of the apples are placed in long term storage under special conditions.
How much issuance of stock did Roberts Company have : Question - How much issuance of stock did Roberts Company have for the year? Assets, January 1 $72,000 and Liabilities, January 1 47,000
Contrast pay ranges and grades with bands : Contrast pay ranges and grades with bands. Why would you use either? Does their use assist or hinder the achievement of internal alignment?
Knowledge of the pathophysiology of respiratory disorders : A novel coronavirus (SARS-CoV-2) that emerged from Wuhan, China in 2019 is currently causing a worldwide panic, with many governments resorting to mandatory

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd