Mathematics, 09.06.2020 05:57 aredding6282
Justin and Adrienne deposited $20,000 into an investment account for 5 years. They hoped the money invested and the
money made on their investment would amount to at least $30,000 to help pay for their daughter's college tuition and
expenses. The account they chose has several benefits and fees associated with it. Every 6 months, a summary
statement is sent to Justin and Adrienne. The statement includes the amount of money either gained or lost. Below are
semiannual (twice a year) statements for a period of 5 years. In addition to the statements, the following information is
needed to complete the task:
For every statement, there is an administrative fee of $15 to cover costs such as secretarial work, office
supplies, and postage.
If there is a withdrawal made, a broker's fee is deducted from the account. The amount of the broker's fee is
2% of the transaction amount.
Using the above information, semiannual statements, register, and beginning balance, do the following:
1. Record the beginning balance and all transactions from the account statements into the register.
2. Determine the annual gain or loss as well as the overall 5-year gain or loss.
3. Determine if there is enough money in the account after 5 years to cover $30,000 of college expenses for Justin and
Adrienne's daughter.
Write a summary to defend your answer. Be sure to indicate how much money is in excess, or
the shortage that exists.
Answers: 3
Mathematics, 21.06.2019 13:20
Which equation can be used to solve for the unknown number? seven less than a number is thirteen. n-7=13 7-n=13 n+7=13 n+13=7
Answers: 1
Mathematics, 21.06.2019 18:30
What can each term of the equation be multiplied by to eliminate the fractions before solving? x β + 2x = + x 2 6 10 12
Answers: 2
Mathematics, 21.06.2019 20:40
The graph of a function f(x)=(x+2)(x-4). which describes all of the values for which the graph is negative and increasing? all real values of x where x< -2 all real values of x where -2
Answers: 2
Mathematics, 21.06.2019 21:00
If u good at math hit me up on insta or sum @basic_jaiden or @ and
Answers: 1
Justin and Adrienne deposited $20,000 into an investment account for 5 years. They hoped the money i...
Mathematics, 19.11.2020 20:00
English, 19.11.2020 20:00
Mathematics, 19.11.2020 20:00
Mathematics, 19.11.2020 20:00
Mathematics, 19.11.2020 20:00
History, 19.11.2020 20:00
Mathematics, 19.11.2020 20:00
Social Studies, 19.11.2020 20:00