What will be the balance in a fund, Accounting Basics

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What will be the balance in a fund

What will be the balance on September 1, 2018 in a fund which is accumulated by making $10,000 annual deposits each September 1 beginning in 2011, with the last deposit being made on September 1, 2018? The fund pays interest at 8% compounded annually.

a. $106,366

b. $89,229

c. $75,600

d. $57,466

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Accounting Basics: What will be the balance in a fund

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Accounting Basics: What will be the balance in a fund

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What will be the balance in a fund

Reference No:- TGS064501

Recent Questions Asked Accounting Basics

Q : Compute the total-controllable and volume variances

Q : Depreciation for the equipment

Q : General-government-related claims

Q : Use of the perpetual inventory system

Q : What will be the balance in a fund

Q : Composite method and composite rate

Q : What is target rate of return on assets

Q : Ethical considerations and public opinion

Q : Company paid a note payable

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