What is the amount of payments
What is the amount of payments that must be made at end of each 8 years to accumulate a fund of $90,000 by the end of 8th year, if the fund earns 8% interest compounded annually.
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Given the following information, prepare the complete statement of cash flows. Use the indirect method of preparing the operations sections.
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Goal to create fund of $500,000 in 25 years, accumulating this by making equal deposits ending in 24 years What annual deposit will he make if the fund will earn 12% interest compounded annually?
Houston has a $27,600 debt that she wishes to repay 4 years from today; she has $19,553 that she intends to invest for 4 years. What rate of interest will she need to earn annually in order to accumulate enough to pay the debt?
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When you are preparing journal entries and the event is $4,000 in supplies were used, how do you record that as a debit and a credit? I assume that you would credit the $4,000 to supplies but what would you debit to make it balance?
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