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hodyreva [135]
3 years ago
14

You are now 20 years of age and decide to save $100 at the end of each month until you are 65. If the interest rate is 9.2%, how

much money will you have when you are 65?
Business
1 answer:
anyanavicka [17]3 years ago
5 0

Answer:

FV= $804,326.91

Explanation:

Giving the following information:

Monthly deposit (A)= $100

Interest rate (i)= 0.092/12= 0.0077

Number of periods= 45*12= 540 months

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {100*[(1.0077^540) - 1]} / 0.0077

FV= $804,326.91

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Knowing rights and responsibilities relating to money transfers. Notifying the bank of lost credit or debit cards.

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All of the following cost would be found on a company’s accounting records except
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A company has net income of $187,000, a profit margin of 8.6 percent, and an accounts receivable balance of $126,370. assuming 6
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Maker Co. discovered that in the prior year it incorrectly calculated depreciation expense and reported $75,000 in depreciation
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Answer:

The correct answer is D.

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Giving the following information:

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We need to calculate two different impacts:

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7 0
3 years ago
Name three primary sources of authority that tax professionals should check against the citator before relying on those sources
soldi70 [24.7K]

Answer:

The three primary sources of authority that tax professionals should check against the citator before relying on those sources for important matters are;

1. Revenue procedures

2. Revenue rulings

3. Judicial decisions

Explanation:

A citator can be defined as an index of legal resources that allows the researcher to find newer documents of the original document and thus the history of statues and cases can be reconstructed. This has been collectively termed as shepardizing. There are different kinds of citators depending on the type of case one is handling. In our case, we are dealing with tax professionals. Tax professionals deal with three primary sources of authority that tax professionals should check against the citator before relying on those sources for important matters. These primary sources are; revenue procedures, revenue rulings and judicial decisions. They are further elaborated below;

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A revenue procedure is a set of guide that give direction on how to apply law, regulations and rulings. They majorly give direction on matters involving tax.

2. Revenue rulings

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3. Judicial decisions

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