A scholarship fund is started on january 1 2000 with an

Assignment Help Managerial Accounting

Reference no: EM13376382

A scholarship fund is started on January 1, 2000 with an initial deposit of 100,000 in an account earning i(2)=.08, with interest credited every June 30 and December 31. Every January 1 from 2001 on, the fund will receive a deposit of 5000. The scholarship fund makes payments to recipients totaling 12,000 every July 1 starting in 2000. What amount is in the scholarship account just after the 5000 deposit is made on January 1, 2010?

Reference no: EM13376382

Questions Cloud

Barney an individual and aldrin inc a domestic c : barney an individual and aldrin inc. a domestic c corporation have decided to form ba llc. the new llc will produce a

Preparing government-wide financial statementscircus city : preparing government-wide financial statementscircus city issued an 8 10-year 2000000 bond to build a monorail mass

Computer boutique sells computer equipment and home office : computer boutique sells computer equipment and home office furniture. currently the furniture product line takes up

Martin s albert social security number 111-11-1111 is 39 : martin s. albert social security number 111-11-1111 is 39 years old and is married to michele r. albert social security

A scholarship fund is started on january 1 2000 with an : a scholarship fund is started on january 1 2000 with an initial deposit of 100000 in an account earning i2.08 with

S a harrington company is a us-based company that prepares : s. a. harrington company is a u.s.-based company that prepares its consoli- dated financial statements in accordance

Notes receivable with unrealistic interest rate on december : notes receivable with unrealistic interest rate on december 31 2009 hurly co. performed environmental consulting

Conwell company manufactures its product vitadrink through : conwell company manufactures its product vitadrink through two manufacturing processes mixing and packaging. all

Frederic chopin corporation is preparing its december 31 : frederic chopin corporation is preparing its december 31 2008 balance sheet. the following items may be reported as

User Account

All Pages