What will be the balance on september 1 2018 in a fund, Ask an Expert

Accounting

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

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M964501

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - eileen corp had the following balances in

Question - Eileen Corp. had the following balances in receivable accounts at October 31, 2017 (in thousands): Allowance for Doubtful Accounts $52, Accounts Receivable $2,910, Other Receivables $189, and Notes Receivable ...

Question review apple incs most recent financial statements

Question: Review Apple Inc's most recent financial statements. Click to review Apple's Financial Information. Based on your analysis of Apple's most recent financial statements, predict whether Apple's financial health w ...

Question you will write a 6-10-page research-based paper in

Question: You will write a 6-10-page research-based paper in current APA format that compares and contrasts the various business valuation approaches. The paper must include at least 4 professional/scholarly references i ...

Question revenue from contracts with customers

Question: Revenue From Contracts With Customers Examples Part I: For each of the scenarios determine if a contract exists by applying the 5 requirements for a contract to exist under ASC 606. 1. For each of the following ...

Question - topcap co is evaluating the purchase of another

Question - TopCap Co. is evaluating the purchase of another sewing machine that will be used to manufacture sport caps. The invoice price of the machine is $152,000. In addition, delivery and installation costs will tota ...

Question - bryant leased equipment that had a retail cash

Question - Bryant leased equipment that had a retail cash selling price of $740,000 and a useful life of five years with no residual value. The lessor paid $600,000 to acquire the equipment and used an implicit rate of 7 ...

Question - larkspur corporation has elected to use the fair

Question - Larkspur Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 10% and has a carrying value of $15,000. At year-end, Larkspur's borrowin ...

Question - computation of future values and present values

Question - Computation of Future Values and Present Values - Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) (a) What is the future value of $7,000 ...

Question - sweet corporation had net sales of 2429800 and

Question - Sweet Corporation had net sales of $2,429,800 and interest revenue of $40,500 during 2017. Expenses for 2017 were cost of goods sold $1,452,600, administrative expenses $221,700, selling expenses $289,000, and ...

Question - dollars for dozers entity dde has a bulldozer it

Question - Dollars for Dozers Entity (DDE) has a bulldozer it acquired 3 years ago. DDE has decided to sell the dozer in its principle market located in Tennessee. DDE has decided that the dozer needs to recondition its ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert