1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Scrat [10]
3 years ago
13

Mr. Gonzales has made beginning-of-year deposits into an investment account for the past 21 years. Each deposit was $5500, and t

he account earned interest at a rate of 4.5% APR, compounded quarterly, each year. Having made his last deposit one year ago, he now plans to transfer all of the accumulated funds today into a money-market account that earns an APR of 1.50% compounded quarterly. If he plans to withdraw $4000 from the account at the end of each quarter for the next 9 years (36 quarters), what will be the account balance total exactly seven years from now, immediately after he makes the last quarterly withdrawal
Business
1 answer:
mr_godi [17]3 years ago
5 0

Answer:

Mr. Gonzales has made beginning-of-year deposits into an investment account for the past 21 years. Each deposit was $5500, and the account earned interest at a rate of 4.5% APR, compounded quarterly, each year. Having made his last deposit one year ago, he now plans to transfer all of the accumulated funds today into a money-market account that earns an APR of 1.50% compounded quarterly.

You might be interested in
You are considering two mutually exclusive projects. Project A costs $3.6 million, has a required return of 14.5 percent, and an
sp2606 [1]

Answer:

Neither

Explanation:

The internal rate of return is a capital budgeting method that is used to determine the profitability of a project.

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

The decision rule when using the internal rate of return is to undertake the project if the internal rate of return is greater than the required return of the project. If this is not met, the project should be rejected.

If choosing between multiple projects, the decision rule is to choose the projects with the highest internal rate of return. This is because that project would be the most profitable.

Neither of the project should be selected because the IRR of both projects is less than their required returns

3 0
3 years ago
According to MACRS tax rate table, which of the following classes uses straight-line depreciation?
Vinil7 [7]
The answer is Residential rental property
8 0
3 years ago
Alpaca Yarn employs factory workers to hand spin wool yarn and fabric in a workshop on the company farm. Which economic question
zimovet [89]
The answer to the statement above is what to produce? and how to produce?. basically having the statement that Alpaca Yarn employs factory workers to hand spin wool yarn and fabric in a workshop on the company farm lacks the question as to what product would the make with the yarn and fabric and the volume that they'll be making.
8 0
3 years ago
Read 2 more answers
On which group will a progressive tax place a greater tax burden?
Furkat [3]
Poor citizens will be greatly affected by a increase in taxes,nobody takes into account there day to day living,rent,utilities,food and that's just to name a few.
5 0
3 years ago
Read 2 more answers
Indigo Corporation began operations in 2017 and reported pretax financial income of $228,000 for the year. Indigo’s tax deprecia
emmainna [20.7K]

Answer:

Deferred Tax Liability = $11,400   Credit  

Explanation:

given data

pretax financial income = $228,000

Indigo’s tax depreciation = $38,000

tax rate = 30 %

solution

we know here that Income Tax Expense is

Income Tax Expense = $228,000 × 30%  

Income Tax Expense =  $68400    Dr

so as that

Deferred Tax Liability will be here

Deferred Tax Liability =  $38000 × 30%

Deferred Tax Liability =  $38000 × 0.30

Deferred Tax Liability = $11,400   Credit  

7 0
4 years ago
Other questions:
  • During the _______ stage of the product life cycle, sales rise, profits rise rapidly, and there are a few but increasing number
    15·1 answer
  • The Sports Club plans to pay an annual dividend of $1.20 per share next year, $1.12 per share a year for the following two years
    12·1 answer
  • Permian Underground Machines & Pipes Co. (PUMP) is in the oil and gas equipment and services industry. It is considering a n
    15·1 answer
  • _____ provides background information about a job's positive and negative qualities.
    9·1 answer
  • Accounting professors earn more than English professors at most universities. Explain this with a supply and demand graph.
    15·1 answer
  • The organizers of a local music and arts festival approach the management of Ocelot Juice Bar, a popular business near the festi
    5·1 answer
  • Suppose you take out a car loan of $10,000 with an interest rate of 12% compounded monthly. you will pay off the loan over 48 mo
    13·1 answer
  • Although skyscrapers are mostly composed of steel and glass, carpenters are often employed to help with construction. How might
    12·1 answer
  • Drag each tile to the correct box.
    9·1 answer
  • Define return economics.​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!