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Using the Time Value of Money calculator under the Lessons tab, answer the following question and submit your answer to this dropbox in the following format:
N=number of compounding periods (it also equals the number of payments)
I/Y=interest rate per year (use 9 for 9%...do not use .09)
FV=future value (the amount in the future you wish to accumulate)
PYMT=payment (the monthly investment/payment you will need to make)
P/Y=compounding periods per year (for monthly compounding, use 12)
Here is the question: If you desire to retire in 25 years and at retirement and accumulate $1,500,000, what amount must you invest each month? Assume monthly compounding when you calculate the number of months and the compounding periods per year. Also, use 9% per year as the interest rate.
find a journal article online about standard costing. in the subject line of your post include the title of the article
munn bicycle company manufactures bicycles specifically for college campuses. the bicycles sell for 100 and are very
in our 1a and 1b financial accounting courses we learned how retailers such as wal-mart account for the cost of
Roger signed for a ten year lease to rent office space from Doug. In the first year, Roger paid Doug 5000 for the first year's rent and 5000 for the rent for the last year of the lease. How much must Doug include in income in the first year of the..
the following financial data of tim corporation is available for the year 2013. compute the sales revenue to be
Describe the cyclical nature of business activity. Make sure to discuss the operating and financing cycle.
a company reported stockholders equity on january 1 of the current year as follows common stock 5 par value 1000000
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On the first day of the current fiscal year, $1,000,000 of 10-year, 7% bonds, with interest payable semiannualy were sold for $1,050,000. Present entries to record the following transactions for the current fiscal year:
Gary Whitmore is a high school sophomore. He currently has $7,500 in a money market account paying 5.65 percent annually. He plans to use this and his savings over the next four years to buy a car at the end of his sophomore year in college.
write down a system of equations to model the situation. the sum of two numbers is 23. if one of the numbers is halved
wpc has excess production capacity and is considering the possibility of making and selling paging equipment. the
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