What is the value of the fund today

Assignment Help Accounting Basics
Reference no: EM131725146

Question - If your brother,who is 6 years old, just received a trust fund that will be worth $ 25,000 when he is 21 years old. If the fund earns 0.10 interest compounded annually, what is the value of the fund today?

Reference no: EM131725146

Questions Cloud

Describe the logical sequence of planned activities required : Determine the factors that must be considered and observed throughout the WBS development process and explain why.
Compare the assimilation experience of asians : Compare the assimilation experience of Asians and Latinos. Identify the criteria for assimilation and discuss which group has assimilated most readily
Discretionary fiscal policy and automatic fiscal policy : 1. Distinguish between Discretionary Fiscal Policy and Automatic Fiscal Policy and give an example of each.
The nation of answeria has a labor force : The nation of Answeria has a labor force of 240,000. If 199,000 persons are employed in? Answeria, the unemployment rate is
What is the value of the fund today : If the fund earns 0.10 interest compounded annually, what is the value of the fund today
What are comparable real? salaries : In? 1960, what salary would be comparable to? 2002's ?$55,000 in real? terms?_(Enter your response rounded to two decimal? places.)
Discuss loyalty to society is sacrificed when person engages : Complicity theory, according to Davis, entails a more demanding obligation than the standard theory of whistle-blowing
How would you apply the four ethical principles to example : Do health care workers have the right to conscientiously object to providing care if it varies from their own personal moral and ethical belief system?
Calculating an inflation rate : A country reports a price index of 50 in 2005 and 58 in 2006. What is the inflation rate between 2005 and? 2006? _percent.

Reviews

Write a Review

Accounting Basics Questions & Answers

  When a plant asset is retired from productive service

When a plant asset is retired from productive service, (without any sale) that originally cost $100,000 and had accumulated depreciation of $80,000, the correct accounting treatment is what?

  The following standards for variable manufacturing overhead

the following standards for variable manufacturing overhead have been established for a company that makes only one

  Discuss possible ways to address the difficulties

What are the steps involved in the preparation of an advance plan for the distribution of cash in a partnership liquidation to determine which step is the most difficult to execute correctly. Discuss possible ways to address the difficulties you i..

  Prepare a pension worksheet presenting both years 2008 and

p20-8 comprehensive 2-year worksheet glesen company sponsors a defined benefit pension plan for its employees. the

  Compare two countries in attitudes toward capital punishment

Based on several large studies, a researcher knew that 40 percent of the public in the United States favored capital punishment, 35 percent were against it.

  Journal entries of amount previously written off

Brite Star Co. determined that J. Reno's account was uncollectible and wrote off $1,500. On June 12, 2010, Reno paid the amount previously written off. Prepare the journal entries on December 31, 2009, May 11,2010 and June 12,2010

  Define the parameters and variables

Define the parameters and variables and write the equation for the following scenario to optimize the profit:

  Journalize entries to record transactions of daffodi company

Mar. 1 Purchased merchandise from Fastow Co., $16,000, terms FOB destination, n/30.

  Reber company had a cash balance per books of

On May 31, 2014, Reber Company had a cash balance per books of $7,167.50. The bank statement from New York State Bank on that date showed a balance of $6,790.60. A comparison of the statement with the cash account revealed the following facts. Prepar..

  The form of income statement that derives its name from the

1. xyz co. received 3000 in payments from clients for services billed in a previous month. which accounts will be

  Which accounting standard-setting body has primary authority

For each of the following, identify the account titles used in the equity section of the balance sheet or equivalent statement.

  What would the companys monthly net operating income be if

perkins company produces and sells a single product. the companys income statement for the most recent month is given

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!

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