A customer deposits $1,000 in an account in which the interest is compounded annually. The table below shows the balances in the account at the end of each year. Amount in Account vs. Number of Years Amount in Account, A Number of Years After Initial Deposit, t 1,000 0 1,080 1 1,166. 40 2 1,259. 71 3 1,360. 49 4 Which equation best represents the data in the table? A = 1000 (1. 08) Superscript t A = 1080 Superscript t A = 1000 (1. 8) Superscript t A = 800 Superscript t.

Identifying type and normal balances of accounts lo c4 for each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the normal balance of the account, and (3) select debit (dr.) or credit (cr.) to identify the kind of entry that would increase the account balance.

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Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)