Business, 31.10.2021 05:30 justinamber89
Jeff deposits 100 at the end of each year for thirteen years into fund X X. Antoinette deposits 100 at the end of each year for thirteen years into fund Y Y. Fund X X earns an annual effective rate of 15% for the first five years and an annual effective rate of 6% thereafter. Fund Y Y earns an annual effective rate of i i. At the end of thirteen years, the accumulated value of fund X X equals the accumulated value of fund Y Y. Calculate i i.
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Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.
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Which best describes what financial planning skills ultimately enable an individual to do? to prepare for the future to determine lifetime income to determine the cost of living to learn from the past
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Jeff deposits 100 at the end of each year for thirteen years into fund X X. Antoinette deposits 100...
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