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Question - Jennifer, age 52, is self-employed and has never made a lot of money. But, she has consistently saved $2496 per year into a traditional IRA. Over the years, she has taken full advantage of the tax law and deducted each year's contribution from her tax return. If Jennifer started saving at age 24 and has earned an average annual return of 4%, how much is the account worth today?
a. $124719.
b. $37638.
c. $12759.
d. $417211.
An order has been received from an overseas customer for 2,100, The minimum acceptable price per unit for the special order is closest to
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Rockland Corporation earned net income of $389,700 in 2010 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $1,039,200 of 10% bonds, which are convertible into 20,784 shares of common. Rockland'..
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