What does your starting principal need to be

Assignment Help Financial Accounting
Reference no: EM133144473

Question - Finance and Growth - You have been ordered by a court to pay $1000 restitution monthly for 15 years. If you set up a fund to pay out this amount that can earn 7.2% interest on the remaining balance:

What does your starting principal need to be?

How much interest did the account earn?

Reference no: EM133144473

Questions Cloud

Outline legal responsibilities and liabilities of managers : Briefly describe the sources of information for regulatory compliance in the hospitality industry - Outline the legal responsibilities and liabilities
Difference between public heath and healthcare deliver : What is the difference between Public Heath and Healthcare Deliver?
Political and economic changes affecting global marketing : What are the four forms of law and what are the heritages linked to these forms of law? Describe the political and economic changes affecting global marketing
Discuss the process of estimating and costing construction : 1. Discuss the process of estimating and costing construction work in one hundred fifty two hundred words.
What does your starting principal need to be : Finance and Growth - You have been ordered by a court to pay $1000 restitution monthly for 15 years. What does your starting principal need to be
What should you do to prepare for departure : What should you do to prepare for departure? Why? What training should you or your family complete predeparture? Why?
Food is medicine : What food plan have you decided to follow (if any)? How will you decide which foods to include in your meals?
Prepare the statement of comprehensive income for the year : The wage of RM1,050 for December 2021 has not yet been entered into the ledgers. Prepare the Statement of Comprehensive Income for the year
What controls pertain specifically to inventory processes : How does inventory differ from other types of purchases and discuss what controls pertain specifically to inventory processes?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What are james and pete realized gains on this exchange

Each party assumed the mortgage on the building received. What are James’s and Pete’s realized gains on this exchange, respectively?

  What is the effect of higher interest rates on exchange rate

In the short run, what is the effect of higher interest rates on exchange rates? our currency depreciates, which increases NX, and contributes to AD shifting.

  Compare unadjusted trial balance to adjusted trial balance

Compare the unadjusted trial balance to the adjusted trial balance. Journalize the seven entries that adjusted the accounts at November 30

  Determine the quick ratio for both companies

The current assets and current liabilities for Apple Computer, Inc., and Dell Inc. are shown as follows at the end of a recent fiscal period.

  What is the net present value of the norwegian project

What is the net present value of the Norwegian project? Assume that B Corporation is considering the establishment of a subsidiary in Norway.

  Prepare a calculation showing the company''s loss

A year-end physical inventory at retail prices yields a total inventory of $78,550. Prepare a calculation Showing the company's loss from shrinkage at cost and at retail.

  What is maximum deductible keogh contribution

The Keogh deduction but after deducting half of the self-employment tax are $120,000. What is her maximum deductible Keogh contribution for 2019?

  How many years will take to reach dollar ten-thousand goal

How many years will it take you to reach your $10,000 goal? You need to accumulate $10,000. To do so, you plan to make deposits of $1,550 per year

  Computed using the straight–line method

At the end of first year of an asset’s life, the declining –balance depreciation: Causes an assets to be carried at a higher book value than that computed using the straight –line method.

  What strategies wouldrecommend to paula

Will Paula be permitted to offset her loss from the consulting business against her salary as a CPA in 2019 (assuming no participation

  Calculation of companys average variable cost and its

calculation of companys average variable cost and its average cost curve.indicate the effect that each of the following

  Prepare general journal entries to record amortizations

Using the straight-line method, calculate the amortization of the patent, copyright, and trademark and prepare general journal entries to record the end-of-year amortizations.

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