Equal semiannual withdrawals, Accounting Basics

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Equal semiannual withdrawals

Raph Benke wants to make eight equal semiannual withdrawals os $8,000 from a fund that will earn interest at 11% compound semiannually

Required:

How much would Benke have invest on:

1. janaury 1,2007 if the first withdrawals is made on july 01,2007

2. July 01,2007 if the first withdrawls is made on july1,2007

3. january 1,2007 if the first withdrawals is made on january 01,2010

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Accounting Basics: Equal semiannual withdrawals

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Accounting Basics: Equal semiannual withdrawals

Reference No:- TGS096864

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine the amount of company check

Q : Report in income statement for the year

Q : Computing the diluted earnings per share

Q : Gain or loss on repossession based problem

Q : Equal semiannual withdrawals

Q : Rational model of the decision making process

Q : Gross investment in the lease

Q : Sales transaction for the wrong customer

Q : Equivalent units-weighted average method

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Equal semiannual withdrawals

Reference No:- TGS096864

Recent Questions Asked Accounting Basics

Q : Determine the amount of company check

Q : Report in income statement for the year

Q : Computing the diluted earnings per share

Q : Gain or loss on repossession based problem

Q : Equal semiannual withdrawals

Q : Rational model of the decision making process

Q : Gross investment in the lease

Q : Sales transaction for the wrong customer

Q : Equivalent units-weighted average method

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