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

Another question on Business

Business, 22.06.2019 05:50

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)

Answers: 3

Answer

Business, 22.06.2019 11:30

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million

Answers: 3

Answer

Business, 23.06.2019 00:30

In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.

Answers: 2

Answer

Business, 23.06.2019 03:10

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. statement consumer surplus producer surplus neither a local store was having a sale on textbooks, so i bought a used textbook for my brother. i sold a watch for $61, even though i was willing to go as low as $55 in order to sell it. even though i was willing to pay up to $116 for a used laptop, i bought a used laptop for only $110.

Answers: 1

Answer

You know the right answer?

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

Questions