How much will have after eight years

Assignment Help Managerial Accounting
Reference no: EM132982972

Problem 1: You plan to make a series of deposits in an individual retirement account. You will deposit $1,000 today, $2,000 in two years, and $2,000 in five years. If you withdraw $1,500 in three years and $1,000 in seven years, assuming no withdrawal penalties, how much will you have after eight years if the interest rate is 7%? What is the present value of these cash flows?

Reference no: EM132982972

Questions Cloud

Explain operating cost classifications in managerial : Explain operating cost classifications in managerial accounting, namely, manufacturing vs. selling/admin, variable vs. fixed, direct vs. indirect
What percentage did unit sales decrease : At the start of the second week, Maria increased her selling price by what percentage? What percentage did unit sales decrease
What will the loan balance be when trade the car in : You plan on trading the car in for a new one in two years. What will your monthly payment be? What is the effective interest rate on the loan?
How much interest will pay over the life of the loan : The interest rate on the loan is 14% per year. Prepare an amortization schedule for the loan. How much interest will you pay over the life of the loan?
How much will have after eight years : Assuming no withdrawal penalties, how much will you have after eight years if the interest rate is 7%? What is the present value of these cash flows?
Actual or virtual congress session in progress : Report on an actual or virtual Congress session in progress - Identified appropriate session to view current issue
Write c-span summary on covid 19 vaccine house deliberation : Write a one page C-span summary on covid 19 vaccine house deliberation.
How much of a home equity loan can be applied : Devon has owned a home for eight years. It was purchased for 289000. How much of a home equity loan can be applied
How much cash provided by operating activities during year : Prepaid expenses and accounts payable decreased by $4000 and $49000, respectively. How much cash was provided by operating activities during the year?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How do determine the amount of total and per-case factory

How do determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles.

  How many direct labor hours were estimated for the year

They have an applied overhead of $46,000 and actual overhead of $66,500 for the month of March. How many direct labor hours were estimated for the year

  What is the cost to produce one unit

What is the cost to produce one unit? Each unit takes 4 pounds of material and each pound costs $5. Each unit takes 2 hours of direct labor time

  How do estimate the incremental profit per year associated

How do estimate the incremental profit per year associated with adding a new inspection station? Management estimates the new station will free up 240 hours

  Allocate joint production costs to each product

Bubble Corporation manufactures two products, I and II, from a joint process. A single production costs $4,000 and results in 100 units of I and 400 units of II.

  What is his amt exemption under the alternative circumstance

Corbett's AMTI is $624,000. What is his AMT exemption under the alternative circumstances. He is married and files a joint return.

  Prepare adjusting and correcting entries for december

Prepare adjusting and correcting entries for December 31, 2020, using the information given. Record the adjusting entry for inventory

  How to evaluate the net present value

How to Determine the net present value. The present value of $1 at compound interest rates of 10% for 1, 2, 3, 4 years is 0.909, 0.826, 0.751 respectively.

  How do prepare the company planning budget for april

Sund Corporation bases its budgets on the activity measure, Prepare the company's planning budget for April. What is the net operating income?

  Describe major sources of spontaneous short-term financing

What impact, if any, will "stretching" the accounts payable (net period only) of supplier 3 by 30 days, have on your answer to part b with regards to supplier 3

  Calculate sales needed to achieve a profit

Calculate sales needed to achieve a profit of $1,800,000, assuming the current mix. (Round to the nearest dollar.)

  What the vertical intercept for the firm isocost line is

What vertical intercept for the firm isocost line is? A firm currently employs 45 production workers and 6 supervisors. The marginal product of last supervisor

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