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Help please How much should you deposit at the end of each month in an IRA that pays 8% compounded monthly to earn $100,000 per year from interest alone, while leaving the principal untouched to be withdrawn at the end of each year after you retire in 30 years?
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Suppose that you decide to buy a car for $55,000, including taxes and license fees. You saved $11,000 for a down payment. The dealer is offering you a choice between two incentives. Incentive Ais S4000 off the price of the car, followed by a five-year loan at 6.55% Incentive B does not have a cash rebate, but provides free financing (no interest) over five years. P nt What is the difference in monthly payments between the two offers? Which incentive is the better deal? Use PMT= The difference in monthly payments between the two offers is $ (Round to the nearest cent as needed.) Which incentive is the better deal? Choose the correct answer below. A. Incentive B is the better deal B. Incentive A is the better deal
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Can you help me please? Prepare a balance sheet for the following. Larson’s Accounting Company has the following account balances: Cash, $5,000; Accounts Receivable, $2,000; Prepaid Rent $1,500; Supplies, $850; Equipment, $6,000; Trucks, $15,000; Accounts Payable, $2,500; Common Stock, $20,000; Retained Earnings $7,850. Business transactions during December are presented as follows: Company received cash from clients for services, $4,500 Larson paid to creditors $500, Paid office rent for the month of December, $750, Company billed client for accounting services on account, $5,200 Supplies were purchased on account, $650, Company received cash from clients billed previously, $6,000 Larson received an invoice for office equipment repair services from Office Extra for December (the invoice will be paid next month), $850, Larson paid monthly salaries, $2,700, Utilities expense were paid, $280, Miscellaneous expense were paid, $350, Dividends were paid, $550.
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