Question: Adams Inc. will deposit $ 5 5 , 1 0 0 in a 1 0 % fund at the end of each year for 8

Adams Inc. will deposit $55,100 in a 10% fund at the end of each year for 8 years beginning December
31,2025.
Click here to view factor tables.
What amount will be in the fund immediately after the last deposit? (Round factor values to 5
decimal places, e.g.1.25124 and final answer to 0 decimal places, e.g.458,581.)
Amount in fund $
Adams Inc. will deposit $55,100 in a 10% fund at the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Hans, a US citizen, buys $500 worth of marijuana while on vacation in Holland. Upon his return, he sells the marijuana to unsuspecting Americans for $5,000. Upon discovering this, Franz reports Hans...

Q:

Brief Exercise 6-15 Marigold Inc. issues $3,400,000 of 7% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 10%. Click here to...

Q:

1. Blossom Company recently signed a lease for a new office building, for a lease period of 12 years. Under the lease agreement, a security deposit of $14,400 is made, with the deposit to be returned...

Q:

please show me how to solve using a financial calculator if possible....thanks in advance BE6.7 (LO 2) John Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. John has...

Q:

1.) Steve Madison needs $325,800 in 10 years. How much must he invest at the end of each year, at 11% interest, to meet his needs? 2.) John Fillmores lifelong dream is to own his own fishing boat to...

Q:

Adams Inc. will deposit $30,000 in a 6% fund at the end of each year for 8 years beginning December 31,2025. Click here to view factor tables. What amount will be in the fund immediately after the...

Q:

Adams Inc. will deposit $36,800 in a 5\% fund at the end of each year for 8 years beginning December 31, 2025 . Click here to view factor tables. What amount will be in the fund immediately after the...

Q:

Adams Inc. will deposit $30,200 in a 8% fund at the end of each year for 9 years beginning December 31,2020. Click here to view factor tables What amount will be in the fund immediately after the...

Q:

Adams Inc. will deposit $51,200 in a 11% fund at the end of each year for 8 years beginning December 31, 2014. What amount will be in the fund immediately after the last deposit? (Round factor values...

Q:

Part Four Instructions In this part of the practice set, the student will prepare a Bank Reconciliation for the month of Start by using the ending balance in your cash account for the cash for your...

Q:

NEED HELP WITH PART FOUR INSTRUCTIONS Stockholders' Equity 39003 Common Stock 39005 Retained Earnings 39007 Dividends Revenue 40000 Sales Current Assets 10000 Cash Accounts Receivable 12000...

Q:

The pharmacist in Exercise 16 could also alter the medication by increasing the amount of pure medicine. a. Write a function that gives the concentration of the medication, c(x), as a function of the...

Q:

Enthalpy of mixing for benzene (1) - cyclohexane (2) at 18C has been fit to the expression; AHmix = 3250 x1x2 U/mol] If the one constant (two-suffix) Margules parameter A at 10C is 1401 [J/mol],...

Q:

Which of the following is not a proper citation to a Treasury regulation? Treasury Regulation 6 1 - 1 ( a ) Reg. Sec. 1 . 6 1 - 1 ( a ) Reg. 1 . 6 1 - 1 ( a ) Reg. 1 . 6 1 - 1 ( a )

Q:

Which of the following illustrate or characterize quality - speed tradeoffs? Select all that apply. Group of answer choices Many methods for increasing process capacity also lead to quality...

Q:

2. If you could advise Joshs father on listening effectively, what would you tell him to do differently? Apply what youve learned in this chapter by analyzing the following case study, using the...

Q:

3. What advice would you offer Josh on listening more effectively to his father? Apply what youve learned in this chapter by analyzing the following case study, using the accompanying questions as a...

Q:

4. How does eff ective listening diff er across listening goals?