Today is Derek’s 25th birthday. Derek has been advised that he
needs to have $2,570,420.00 in...
Today is Derek’s 25th birthday. Derek has been advised that he
needs to have $2,570,420.00 in his retirement account the day he
turns 65. He estimates his retirement account will pay 5.00%
interest. Assume he chooses not to deposit anything today. Rather
he chooses to make annual deposits into the retirement account
starting on his 30.00th birthday and ending on his 65th birthday.
How much must those deposits be?
Today is Derek’s 25th birthday. Derek has been advised that he
needs to have $2,119,230.00 in...
Today is Derek’s 25th birthday. Derek has been advised that he
needs to have $2,119,230.00 in his retirement account the day he
turns 65. He estimates his retirement account will pay 6.00%
interest. Assume he chooses not to deposit anything today. Rather
he chooses to make annual deposits into the retirement account
starting on his 26.00th birthday and ending on his 65th birthday.
How much must those deposits be?
Answer in currency and round to 2 decimal places please! :)
today is dereks 25th birthday derek has been advised that he needs
to have $2,407,780 in...
today is dereks 25th birthday derek has been advised that he needs
to have $2,407,780 in his retirement account the day he turns 65.
He estimates his retirement account will pay 7% interest .Assume he
chooses not to deposit anything today. Rather he chooses to make
annual deposits into the retirement account starting on his 29th
birthday and ending on his 65th birthday. How much must those
deposits be?
Today is Derek’s 25th birthday. Derek has been advised that he
needs to have $2,928,661.00 in...
Today is Derek’s 25th birthday. Derek has been advised that he
needs to have $2,928,661.00 in his retirement account the day he
turns 65. He estimates his retirement account will pay 5.00%
interest. Assume he chooses not to deposit anything today. Rather
he chooses to make annual deposits into the retirement account
starting on his 28.00th birthday and ending on his 65th birthday.
How much must those deposits be?
Submit
Answer format: Currency: Round to: 2
decimal places.
unanswered
not_submitted...
Suppose you deposit $2,688.00 into an account today. In 14.00
years the account is worth $3,748.00....
Suppose you deposit $2,688.00 into an account today. In 14.00
years the account is worth $3,748.00. The account earned ____% per
year.
Today is Derek’s 25th birthday. Derek has been advised that he
needs to have $2,656,763.00 in his retirement account the day he
turns 65. He estimates his retirement account will pay 10.00%
interest. Assume he chooses not to deposit anything today. Rather
he chooses to make annual deposits into the retirement account
starting on his 28.00th birthday and...
Category
Prior Year
Current Year
Accounts payable
3,119.00
5,956.00
Accounts receivable
6,975.00
8,909.00
Accruals
5,779.00
6,033.00...
Category
Prior Year
Current Year
Accounts payable
3,119.00
5,956.00
Accounts receivable
6,975.00
8,909.00
Accruals
5,779.00
6,033.00
Additional paid in capital
19,546.00
13,016.00
Cash
???
???
Common Stock
2,850
2,850
COGS
22,805.00
18,431.00
Current portion long-term debt
500
500
Depreciation expense
1,049.00
1,025.00
Interest expense
1,262.00
1,122.00
Inventories
3,074.00
6,738.00
Long-term debt
16,942.00
22,407.00
Net fixed assets
75,935.00
73,976.00
Notes payable
4,021.00
6,509.00
Operating expenses (excl. depr.)
19,950
20,000
Retained earnings
35,600.00
34,487.00
Sales
46,360
45,961.00
Taxes
350
920
What is...
Derek plans to retire on his 65th birthday. However, he plans to
work part-time until he...
Derek plans to retire on his 65th birthday. However, he plans to
work part-time until he turns 73.00. During these years of
part-time work, he will neither make deposits to nor take
withdrawals from his retirement account. Exactly one year after the
day he turns 73.0 when he fully retires, he will wants to have
$3,423,684.00 in his retirement account. He he will make
contributions to his retirement account from his 26th birthday to
his 65th birthday. To reach his...
Derek plans to retire on his 65th birthday. However, he plans to
work part-time until he...
Derek plans to retire on his 65th birthday. However, he plans to
work part-time until he turns 73.00. During these years of
part-time work, he will neither make deposits to nor take
withdrawals from his retirement account. Exactly one year after the
day he turns 73.0 when he fully retires, he will wants to have
$3,310,550.00 in his retirement account. He he will make
contributions to his retirement account from his 26th birthday to
his 65th birthday. To reach his...
Derek plans to retire on his 65th birthday. However, he plans to
work part-time until he...
Derek plans to retire on his 65th birthday. However, he plans to
work part-time until he turns 73.00. During these years of
part-time work, he will neither make deposits to nor take
withdrawals from his retirement account. Exactly one year after the
day he turns 73.0 when he fully retires, he will begin to make
annual withdrawals of $115,102.00 from his retirement account until
he turns 93.00. He he will make contributions to his retirement
account from his 26th birthday...
Derek plans to retire on his 65th birthday. However, he plans to
work part-time until he...
Derek plans to retire on his 65th birthday. However, he plans to
work part-time until he turns 72.00. During these years of
part-time work, he will neither make deposits to nor take
withdrawals from his retirement account. Exactly one year after the
day he turns 72.0 when he fully retires, he will begin to make
annual withdrawals of $153,143.00 from his retirement account until
he turns 93.00. After this final withdrawal, he wants $1.55 million
remaining in his account. He...