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mina [271]
3 years ago
15

Debra, age 51, is self-employed and has never made a lot of money. But, she has consistently saved $4632 per year into a traditi

onal IRA. Over the years, she has taken full advantage of the tax law and deducted each year’s contribution from her tax return. If Debra started saving at age 26 and has earned an average annual return of 5%, how much is the account worth today?
A. $619398.

B. $48556.

C. $23677.

D. $221072.
Business
1 answer:
KiRa [710]3 years ago
5 0

Answer:

D. $221072.

Explanation:

In this question, we use the future value formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $0

Rate of interest = 5%

NPER = 25 years

PMT = 4,632

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the answer would be $221,071.92  

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The Grange was an organization that____________.
Fittoniya [83]

Answer: Option A. established cooperatives for storing and marketing farm output

Explanation:

The Granges consist of many group of people that are mainly farmers and other group of people. The Grange is based on farm and rural community value. The Grange helps people, especially farmers by established cooperatives for storing and marketing farm output. Most Granges support community service and volunteer work in addition to providing their members with a community with whom to discuss farming matters. The Grange tries to bring together people involved in different areas of agriculture as well as different parts of the community.

8 0
3 years ago
At the end of the year, Brinkley Incorporated’s balance of Allowance for Uncollectible Accounts is $3,000 () before adjustment.
const2013 [10]

Answer: $5000

Explanation:

4 0
3 years ago
After nearly 20 years with his company, Mike's job was outsourced. He wants his new job to offer not only a good wage but also j
Sedbober [7]

Answer:

a. intrinsic rewards

Explanation:

Intrinsic rewards at the workplace are those that meet personal, internal needs. These intrisic rewards can be summed up in job satisfaction and sense of accomplishment, but what makes a job satisfying, and what makes a worker feel accomplished is subjective, and varies from person to person.

Mike is focusing on the intrinsic rewards of his new job because he is giving more importance to this subjective aspects explained above than to external factors such as status, or wage.

8 0
3 years ago
Ruben, the owner of Fitstem, a popular gym, analyzes the competition that the gym faces and understands the changing needs of it
Llana [10]
Planning skills is what I think
4 0
3 years ago
Art Company issued 6%, 5 year bonds, with par value of $1,600,000, paying semiannual interest for $1,470,226. The annual market
Soloha48 [4]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Bond carrying value = $1,470,226

Rate of interest = 8%

Rate of interest (Semiannual ) = 4%

So, we can calculate the the bond interest expense on the first interest payment by using following formula:

The bond interest expense = Bond carrying value × rate of interest (semiannual)

By putting the value we get

= $1,470,226 × 4%

= $58,809

6 0
3 years ago
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