Find the amount needed in the trust fund

Assignment Help Accounting Basics
Reference no: EM133169565

Question - BB Yama sets up a trust fund for her granddaughter. She wants her granddaughter to be able to make withdrawals from the trust fund of $4,000 at the end of each quarter for 10 years. Find the amount needed in the trust fund, if money will earn 7% compounded quarterly.

Reference no: EM133169565

Questions Cloud

What is the effective annual interest rate : Assume the bank uses compound interest on its line of credit loans, what is the effective annual interest rate on this lending arrangement
What is the effective annual interest rate : Assume the bank uses compound interest on its line of credit loans, what is the effective annual interest rate on this lending arrangement
Calculate the present value for each : Option 1: A payment of $65,000 one year from today; a payment of $85,000 after three years; Calculate the present value for each
What amount of unrealized gain or loss : What amount of unrealized gain or loss shall be taken to OCI in the statement of comprehensive income as a result of properly measuring the investments
Find the amount needed in the trust fund : BB Yama sets up a trust fund for her granddaughter. Find the amount needed in the trust fund, if money will earn 7% compounded quarterly
Compute the postretirement benefit expense : Grouper Co. provides the following information about its postretirement benefit plan for the year 2020. Compute the postretirement benefit expense for 2020
Find the balance due on the invoice : An invoice of $8,950 with terms of 5/10 prox. is received by Penny Carter Construction. Find the balance due on the invoice
Find the selling price and the cost : Olympics Sports has a markup of $325 on a Schwinn Bowflex. If this is a 45% markup on selling price, find the selling price and the cost
How much did he have invested in the two accounts : Miguel has $1,500 more invested in a mutual fund paying 5% interest than in a savings account paying 3%. How much did he have invested in the two accounts

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate earnings per share for both plans

Calculate earnings per share for both plans. Alliance Agreement Corporation is considering two plans for raising $2,500,000 to expand its current operations.

  Determine total compensation cost pertaining to the options

The fair value of the 9 million options, estimated by an appropriate option pricing model, is $8 per option. Determine total compensation cost pertaining

  What is the amount of each payment

Each of the four payments must be paid at the end of the next three years. What is the amount of each payment? Please round to the nearest whole number

  How much is the balance of cash at December

Net cash provided by financing activities 6,500,000 and Net cash used in operating activities P3,000,000. How much is the balance of cash at December 31, 2021

  What is the cost of equity for this firm

Analysts expect the stock price to increase by 2.1 percent annually and value the stock at $14.65 per share currently. What is the cost of equity for this firm

  How much are Henrietta realized and recognized gains

Henrietta transfers cash of $208,800 and equipment with a fair market value of $62,640. How much are Henrietta realized and recognized gains

  Suze and bess formed the suzy b company by making capital

suze and bess formed the suzy b company by making capital contributions of 130000 and 195000 respectively. they

  Discuss your reaction to the public service announcement

discuss your reaction to the public service announcement psa in relation to the marketing of junk food to children with

  How much is the adjusted balance per bank as of December

Accounts receivable subsidiary ledgers had a total balance of P140,000 at December 31, 2021. How much is the adjusted balance per bank as of December

  Compute the payroll and self-employment taxes

Assume the same facts except that Andrea's 2019 self-employment activities resulted in a loss of $15,000. Compute the payroll, self-employment taxes

  Which types of financing did they discuss

Find an article or video offering advice on choosing the best financing option for a business. Answer the following questions: Which types of financing did they

  Is ethical for greyhound to leave investment

Greyhound Stables, Inc. operates several dog racing tracks. Is ethical for Greyhound to leave investment in the short-term investment category? Explain

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd