After 10 1/2 years of contributions of $2000 at the end of every six months to an
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
The accumulated amount represents the future value of the contr...View the full answer
Answered By
Simon kingori
I am a tier-one market researcher and content developer who has been in this field for the last six years. I’ve run the freelancing gamut; from market research, data mining and SEO/SMM to copywriting, Content Development, you name it, I’ve done it. I’m extremely motivated, organized and disciplined – you have to be to work from home. My experience in Freelancing is invaluable- but what makes me a cut above the rest is my passion to deliver quality results to all my clients- it’s important to note, I've never had a dissatisfied client. Backed by a Masters degree in Computer Science from MOI university, I have the required skill set and burning passion and desire to deliver the best results for my clients. This is the reason why I am a cut above the rest. Having taken a Bsc. in computer science and statistics, I deal with all round fields in the IT category. It is a field i enjoy working in as it is dynamic and new things present themselves every day for research and exploration.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Marika has already accumulated $18,000 in her RRSP. If she contributes $2000 at the end of every six months for the next 10 years, and $300 per month for the subsequent five years, what amount will...
-
An unavoidable cost may be met by outlays of $10 000 now and $2000 at the end of every six months for seven years or by making monthly payments of $500 in advance for seven years. Interest is 7%...
-
Sheila already has $67,000 in her RRSP. How much longer must she contribute $4000 at the end of every six months to accumulate a total of $500,000 if the RRSP earns 9% compounded quarterly? (Round...
-
The following data has been extracted from last quarter's budget of Elise Ltd, which manufactures and sells a single product. January February March Production units 6200 6200 5800 Sales units 5900...
-
Persaud Ltd. acquired 100% of the voting shares of Singh Ltd. on January 1, 20X6, for $ 1,255,000. The financial statement of Singh Ltd. on the date of acquisition was as follows: The inventory will...
-
On January 1, Frank Jenson bought a used car for $4200 and agreed to pay for it as follows: 1/3down payment; the balance to be paid in 36 equal monthly payments; the first payment due February 1; an...
-
What assumptions does Maslows Hierarchy of Needs make about human motivation? How can managers use this theory to motivate associates? (L01)
-
Annabelle Sizemore has cashed in some treasury bonds and a life insurance policy that her parents had accumulated over the years for her. She has also saved some money in certificates of deposit and...
-
39 (1 point) "Capital" is sometimes defined as funds supplied to a firm by investors
-
Pike Corporation paid $100,000 for a 10% interest in Salmon Corp. on January 1, 2013, when Salmon's stockholders' equity consisted of $800,000 of $10 par value common stock and $200,000 retained...
-
If regular month-end deposits of $200 in an investment account amounted to $7727.62 after three years, what monthly compounded nominal rate and effective rate of interest were earned on the account?
-
What is the nominal sum of the 30 payments in the annuity due? Strictly speaking, is it legitimate for Powerball to report a $340 million jackpot? Explain your reasoning. (Many mega-prize lotteries...
-
It is easily verified that the graphs of y = x 2 and y = e x have no points of intersection (for x > 0), and the graphs of y = x 3 and y = e x have two points of intersection. It follows that for...
-
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity...
-
Openthe Phetsimulation Charges and Field from this link: ( https://phet.colorado.edu/en/simulation/charges-and-fields ) . In this simulation, a little different model is used: the little yellow "E...
-
A particle of mass m that is moving along the x-axis is experiencing a restoring force of the form F = -k+x, where kf is the spring constant. The Hamiltonian for this system is given as: = d 2m dx +...
-
Distinguish carefully between the following terms: i) Resolution and Sensitivity. ii) Type A and Type B evaluations of measurement uncertainty. [30%] (b) Describe two common schemes used for the...
-
Write out the form of the partial fraction decomposition of the function (See Example). Do not determine the numerical values of the coefficients. (a) +3 x5 + 2x3 A B C x Dx + E ++++ 2+2 6 (b)...
-
Assume that the marginal product of labor is MPL = 0.65 $13/L, where output is measured in trillions and L is the number of workers (in millions). a) Draw the MPL curve. b) Find the quantity of...
-
Organizations are increasing their use of personality tests to screen job applicants. What are some of the advantages and disadvantages of this approach? What can managers do to avoid some of the...
-
Preparation of Ratios} Refer to the financial statements for Gilsig Ltd. in Problem 13-81A. \section*{Required:} 1. CONCEPTUAL CONNECTION Compute the asset efficiency ratios (rounded to two decimal...
-
(Classification) The following items are found in the financial statements. (a) Discount on bonds payable (b) Interest expense (credit balance) (c) Unamortized bond issue costs (d) Gain on repurchase...
-
(Entries for Bond Transactions) Presented below are two independent situations. 1. On January 1, 2010, Divac Company issued $300,000 of 9%, 10-year bonds at par. Interest is payable quarterly on...
-
(Entries for Bond TransactionsStraight-Line) Foreman Company issued $800,000 of 10%, 20-year bonds on January 1, 2011, at 102. Interest is payable semiannually on July 1 and January 1. Foreman...
-
question 6 Timely Inc. produces luxury bags. The budgeted sales and production for the next three months are as follows july. august september Sales, in units 1,115. 1229. 1302 Production. in units...
-
On May 12 Zimmer Corporation placed in service equipment (seven-year property) with a basis of $220,000. This was Zimmer's only asset acquired during the year. Calculate the maximum depreciation...
-
Power Manufacturing has equipment that it purchased 7 years ago for $2,550,000. The equipment was used for a project that was intended to last for 9 years and was being depreciated over the life of...
Study smarter with the SolutionInn App