subject
Business, 17.02.2020 00:35 Magalaki1926

On his 34th birthday, Donald deposited $3000 in a fund paying 3.1%/year compounded annually and continued to make such deposits each year, the last on his 57th birthday. Beginning on his 58th birthday, Donald plans to make equal annual withdrawals of $24000. What drop payment will exhaust the fund?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 06:00
For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:
Answers: 2
question
Business, 22.06.2019 06:30
Double corporation acquired all of the common stock of simple company for
Answers: 2
question
Business, 22.06.2019 10:00
Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.
Answers: 1
question
Business, 22.06.2019 20:10
Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken
Answers: 2
You know the right answer?
On his 34th birthday, Donald deposited $3000 in a fund paying 3.1%/year compounded annually and cont...
Questions
question
History, 15.04.2020 10:33
question
Biology, 15.04.2020 10:33
Questions on the website: 13722363