Ed wants to have $30,000 in 20 years. He opens a savings account in a bank which pays 7.2% interest compounded monthly. He can either deposit a single lump sum or schedule monthly deposits. Question 17. Find the amount Ed has to deposit as a single lump sum and the total interest earned. Question 18. Find the amount of each monthly deposit Ed has to make and the total interest earned.

Q: do you have the answer in a different format using equations

A: The present value is the present worth of the amount that will be paid or received in the future.

Q: Solve this question all subparts correctly definitely we upvote you.

A: Calculate the bank’s capital ratio before the agreement as shown below: Hence, the bank’s capital…

Q: Answer and working out are not correct, can you try again

A: In finance, a forward rate denotes an agreed-upon interest or exchange rate set today for a future…

Q: Make 3 problems with solutions and answer involving interest

A: In finance 'interest' refers to the monetary charge involved when money is borrowed. For example…

Q: are we also user of accoutanting, if yes how?

A: Financial Accounting provides various useful information to various user groups which helps them in…

Q: What do you mean by put option? Explain in 2 - 3 sentences

A: A Put option is an instrument which provides its holder an option to sell an underlying asset on a…

Q: Can you please step this out line by line (not all in one line) and state the formula used

A: The concept of time value of money states that worth of money changes with passage of time. This is…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: The correct answer in the context of sheaf theory is a category equipped with a Grothendieck…

Q: mni.4 answer must be in proper format or i will give down vote

A: Approach to solving the question: post the question  Detailed explanation: Post the question and the…

Q: Having a probllem with T -Accts . Please help

A: The t-accounts are as follows:

Q: 2. Give one real life scenario where you can apply or experience the following concepts. a. Mark on:…

A: The price of a product may be different for different parties. A person who purchases an item for…

Q: incorfrect please redo with a accurate answer

A: Molding FabricationMachine Hours $      2,500.00 $      1,500.00Fixed Manufacturing Overhead cost  $…

Q: detail "duditing End What statement Değine duuliting and abat the salement stagts in where…

A: All the transactions will be recorded in the journal book in a chronological manner. It is the first…

Q: Last question help

A:

Q: im.2 answer must be in proper format or i will give down vote

A: When it comes to writing essays or papers, this are the things you have to consider: FORMAT:1.…

Q: e for e

A: Interest is a concept which arises when the money borrowed by the borrower has to be [aid along with…

Q: please display your formula used in your work

A: Monthly payment refers to the payment amount for the loan grounded on the constant payments as well…

Q: rmn.3 answer must be in table format or i will give down vote

A: Approach to solving the question:I need more context about this. If you give me more information…

Q: CCA

A: Introduction: The term capital cost allowance or CCA refers to the tax term with a view to claim…

Q: the answer is still wrong please redo calculate to come with the right answer

A: In this question, we need to compute the Estimated raw material inventory balance at the end of July…

Q: Čurrent Attempt in Progress Verifiability is an ingredient of Faithful Representation Relevance Yes…

A: Verifiability is one of the accounting concept that is defined as the ability to cross-check the…

Q: answer is incorrect, pls recheck

A: Statement of Comprehensive Income: Comprehensive income is a measure of the changes in owners'…

Q: 7. The ultimate control of the corporation rests with the board of directors.

A: Introduction:- Board of directors:- Board of directors play vital role in every organization for…

Q: Kindly answer #7 -10 will surely given an upvote show complete solution.

A: Liabilities refers to the obligations which the business need to pay and it states current…

Q: relevance characterisitic

A: Relevance is an important characteristic of accounting or financial information.

Q: Please show solution in #4-8 will surely given an upvote, thank you

A: Journal Entries - Journal Entries are the primary transactions entered into by the company. It is…

Q: where is the rest of teh answers

A: 1. Income Statement - An income Statement is a financial statement that includes revenue earned and…

Q: Question One FRS for SMEs- Who can use it? Highlights of the Model(s)? Discuss key differences…

A: FRS for SMEs (Financial Reporting Standard for Small and Medium-sized Entities) is a financial…

Q: Factors involved in communicating useful information is are: Multiple Choice Process by which the…

A: Effective communication of useful information involves several factors, which are interrelated and…

Q: Bramble Corp. is a retailer operating in Calgary, Alberta, Bramble Corp. uses the perpetual…

A: Lets understand the basics.There are various methods followed for calculating cost of goods sold and…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: Quèstion 2 A conceptual framework is like a

A: A conceptual framework depicts what you expect to discover as a result of your study. It identifies…

Q: How to determine the appropriate signs (i.e., + or -) for the values of PV, FV, and PMT when…

A: Present Value is the value of an investment in present terms i.e. value today. Future Value is the…

Q: Can you include the explanation and computation please

A: Journal entries refers to the entries which are made at the end of the period or year and it records…

Q: (d) On what basis should management select from these two methods to depreciate the machine? Justify…

A: The management should opt for reducing balance method of depreciation for the above scenario: This…

Q: how do you calculate the answers for question a

A: On reading the 4th line of the question, we came across a statement "The company currently absorbs…

Q: Can u please give the vertical analysis for this and interpret the results.

A: Vertical Analysis - Vertical Analysis is the method of analysis of financial statement of the…

Q: Differentiate between applied and actual FOH with two examples, support your response with…

A: Overhead are those expenses which are not directly consumed to make a product or render service but…

Q: If you are checking the math, what assertion you are testing a. Completeness b. Existence C. Cut…

A: Assertions are declarations made by the management that the financial statements are accurate. These…

Q: In the image you can look at the question . Is asking me to choose the correct answer below and fill…

A: Here, Loan Amount is $165,000 Mortgage A: Time Period (n) is 15 years Interest Rate is 6.25% Closing…