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oksian1 [2.3K]
3 years ago
6

Assume you are now 25 and you want to have a million dollars by the time you are 65. if you can earn 6% per year, compounded ann

ually, how much must you invest today?
Business
1 answer:
Trava [24]3 years ago
3 0
You would have to invest 97,222
97222*6=5833.32 + 97222= 103055.32 Year one
103055.32*.06= 6183.32 = 109238.64 Year two
109238.64*.06= 6554.32= 115792.96 Year three
115792.96*.06= 6947.58 = 122740.54 Year four

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Answer:

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In this case, Narda was being completely acquired by Effie Corporation and the whole operation went down, then the initial payment must be recorded as additional paid in capital. It should not be included as part of operating income since it wasn't a normal business activity.

8 0
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6 0
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Computing net income LO A1
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