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Belvedere Inc. has an annual payroll of $52 million. The firm pays employees every two weeks on Friday afternoon. Last month, the books were closed on the Tuesday after payday. How much is the payroll accrual at the end of the month?
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Looking for how to calculate on Excel. Homework assignment: Calculating annuity present values. Beginning three months from now, you want to be able to withdraw $2,500 each quarter from your bank account to cover college ...
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