How much do you have to deposit into the account, Accounting Basics

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How much do you have to deposit into the account

1. You're trying to decide how much to deposit into an account that earns 5% interested, compounded anually.

If your goal is to have $10,000 in the account at the end of 6 years, how much do you have to deposit into the account?

2. You have $15,000 in an account that earns 7% interest annually. How much will you have in 8 years if you make no withdrawals?

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Accounting Basics: How much do you have to deposit into the account

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Request for Solution File

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Accounting Basics: How much do you have to deposit into the account

Reference No:- TGS0673482

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate albrechts net loss per share for the year

Q : What is the fixed operating costs

Q : The stanley department stores reported net income

Q : How many square feet would the building maintenance cost

Q : How much do you have to deposit into the account

Q : What is the method of cost allocation

Q : Implied about the trader beliefs

Q : Explain departmental income statement for the current year

Q : Premium in the forward market

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much do you have to deposit into the account

Reference No:- TGS0673482

Recent Questions Asked Accounting Basics

Q : Calculate albrechts net loss per share for the year

Q : What is the fixed operating costs

Q : The stanley department stores reported net income

Q : How many square feet would the building maintenance cost

Q : How much do you have to deposit into the account

Q : What is the method of cost allocation

Q : Implied about the trader beliefs

Q : Explain departmental income statement for the current year

Q : Premium in the forward market

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