subject
Business, 10.08.2021 01:20 sindy35111

7. A retirement home at Kangaroo Park Estates now costs $85000. Inflation is expected to cause this price to increase at 6 percent per year over the 20 years before Sam Donovan retires. How large an equal annual end- of year deposit must be made each year into an account paying an annual interest rate of 10 per cent in order for Sam to have the cash to purchase a home at retirement?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 17:30
Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.
Answers: 2
question
Business, 22.06.2019 01:30
Diversity is an obstacle all marketers face: true false
Answers: 2
question
Business, 22.06.2019 04:30
Peyton taylor drew a map with scale 1 cm to 10 miles. on his map, the distance between silver city and golden canyon is 3.75 cm. what is the actual distance between silver city and golden canyon?
Answers: 3
question
Business, 22.06.2019 19:30
Nextdoor is an instant messaging application for smartphones. new smartphone users find it easier to connect with friends and relatives through this mobile app when compared to other similar instant messaging applications. hence, it has the largest user base in the industry. thus, nextdoor app's value has increased primarily due to itsa. learning curve effects. b. economies of scale. c. economies of scope. d. network effects.
Answers: 2
You know the right answer?
7. A retirement home at Kangaroo Park Estates now costs $85000. Inflation is expected to cause this...
Questions
question
Mathematics, 15.12.2020 02:30
question
Mathematics, 15.12.2020 02:30
question
Mathematics, 15.12.2020 02:30
Questions on the website: 13722367