Problem related to amount deposition

Reference no: EM13129684

Sondra deposits $2,000 in an IRA account on April 15, 2011. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2021?

Reference no: EM13129684

Questions Cloud

Annual gift tax exclusion : The annual policy premium of $12,000 had been paid on January 1. Damitria's gift (before the annual gift tax exclusion) to Tremayne is:

Ring of integral hamilton quaternions and isomorphisms : Let I be the ring of integral Hamilton Quaternions and define N: I ->Z by N(a+bi+cj+dk) = a^2 +b^2 +c^2+d^2

What mass (in kg) of rain falls on the lawn : If a raindrop weighs 65 mg on average and 5.1 105 raindrops fall on a lawn every minute, what mass (in kg) of rain falls on the lawn in 1.5 h?

What are the estate tax consequences : The $300,000 loan was made to Brad in late 2007, and he used the money to create a very successful business. The note was forgiven by Kenneth in his will. What are the estate tax consequences of these transactions?

Problem related to amount deposition : Sondra deposits $2,000 in an IRA account on April 15, 2011. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2021?

How much heat is given off : How much heat is given off when 11.0 grams of manganese is converted to Mn2O3(s) at standard state conditions? Hf of Mn2O3(s) is -962.3 kJ/mol.

Define lipids that are solids at room temperature : A small organic molecule required by an enzyme in order for the enzyme to be a functional catalyst is known as a vitamin. Lipids that are solids at room temperature tend to have more double bonds than liquids at room temperature

Why should management discontinue a segment : Prepare a segmented income statement in the contribution margin format for the company.Omit percentages; show only dollar amounts. Why should management discontinue a segment? Which one?

Compute the net cash from operating activities : Glitter Girl, Inc. recognized net income of $150,000 including $26,000 in depreciation expense.

User Account

All Pages