Business, 14.07.2019 06:00 maddylaugh

As soon as she graduated from college, kay began planning for her retirement. her plans were to deposit $500 semiannually into an ira (a retirement fund) beginning six months after graduation and continuing until the day she retired, which she expected to be 30 years later. today is the day kay retires. she just made the last $500 deposit into her retirement fund, and now she wants to know how much she has accumulated for her retirement. the fund has earned 10 percent compounded semiannually since it was established. a. compute the balance of the retirement fund assuming all the payments were made on time. b. although kay was able to make all the $500 deposits she planned, 10 years ago she had to withdraw $10,000 from the fund to pay some medical bills incurred by her mother. compute the balance in the retirement fund based on this information.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 03:10, samantha636

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

Answers: 3

continue

Business, 22.06.2019 13:30, CristianPaz

Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.

Answers: 2

continue

Business, 22.06.2019 16:00, angelinaranee15

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Answers: 1

continue

Business, 22.06.2019 17:30, samanthaepperson

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?

Answers: 1

continue

You know the right answer?

As soon as she graduated from college, kay began planning for her retirement. her plans were to depo...