Essay
Pleasant Company has decided to begin accumulating a fund for plant expansion.The company deposited $80,000 in a fund on January 2, 2019.Pleasant will also deposit $40,000 annually at the end of each year, starting in 2019.The fund pays interest at 4% compounded annually.What is the balance of the fund at the end of 2023 (after the 2023 deposit)?
Correct Answer:
Verified
Correct Answer:
Verified
Q20: All of the following are necessary to
Q21: Present value is based on<br>A)the dollar amount
Q22: If you are able to earn a
Q23: The future value of an annuity factor
Q24: McGoff Company deposits $20,000 in a fund
Q26: Rob Honda plans to buy a home
Q27: Perdue Company has purchased equipment that requires
Q28: The present value of an annuity is
Q29: If you are able to earn an
Q30: Interest is the difference between the amount