Each of the Independent Problems (Show Computations)

question 50

Short Answer

each of the independent problems (show computations):
A.Company A deposited $20,000 in a savings account on January 1, 2009, that will accumulate 6% interest each December 31.
1.What will be the fund balance as of December 31, 2013?
2.How much interest will be earned as of December 31, 2013?
B.Company B needs to accumulate a $50,000 fund by making five equal annual deposits.Assuming a 7% interest accumulation, how much must be deposited at the end of each year?
C.Company C has a new machine that has an estimated life of five years and a $5,000 residual value.Assuming an 8% interest rate, what is the present value of the estimated residual value?
D.Company D owes a $50,000 debt that is now due (January 1, 2011).Arrangements have been made to pay it off in five equal annual installments starting December 31, 2011 (an ordinary annuity situation).

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Definitions:

Sperm

The male gamete or reproductive cell that is capable of fertilizing the female ovum or egg to produce offspring.

Cervix

The cervix is the lower part of the uterus in the female reproductive system, connecting the uterus to the vagina.

Fallopian Tube

A pair of tubes along which eggs travel from the ovaries to the uterus in the female reproductive system.

Macrosystem

The broadest context in ecological systems theory, encompassing the overarching patterns and influences of a society, including its culture, economy, and laws.