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Class assignment 10 (1) - Word References Mailings Search Help Review View Acrobat Aa AO E PASIE 2! Find AaBbcel AaBbcc AaBb 1 Normal 1

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Class assignment 10 (1) - Word References Mailings Search Help Review View Acrobat Aa AO E PASIE 2! Find AaBbcel AaBbcc AaBb 1 Normal 1 No Spac. Heading 1 AaBbcc AaB Heading 2 Title Reple Elec Editing Paragraph Styles 5 Set up a spreadsheet with separate worksheets for each problem. Please include your name at the top of each worksheets ABC sells $12,000,000 in 25 year - 5% bonds that pay annual interest. The bonds are sold to yield only 4% because of recent declines in interest rates. Record the journal entries to record the issue of the bonds and record the first two interest payments. Sale of Building Problem TMZ sells a building for $500,000 to Alexis on 1/1/2020. If Alexis makes a $50,000 down payment, agree to an 8% rate of interest, quarterly payments of equal amounts, and a ten year payoff, what amount will TMZ get in quarterly payments? The building had an original cost to TMZ of $475,000 and $95,000 in accumulated depreciation on the day of the sale. Record TMZ's journal entry for the sale and Alexis's journal entry for the first two quarterly payments. o Ai e mes. $ @ w Mailings Review View Help Acrobat ferences Aa A PA- 21 AaBbcc AaBbce AaBbc AaBbcc AaB 19 Paragraph Styles Ede Retirement Problem Your task is to calculate the annual deposits that your 25-year-old friend would need to make to achieve the following: She would like to draw 65% of his final year's salary level at the beginning of each year for 20 years following her retirement at age 65. You believe he can earn 8% on his your investments. Her current salary is $45,000 and you believe she will receive average raises of 6% per year for the next 39 years. She will make her first deposit on 12/31/2019 and his last deposit on 12/31/2057, and her first withdrawal on 1/1/2059. What is his expected salary for 2058? How much would he like to draw each year? How much will he need in his retirement account on the day of his retirement? How much will he need to put away each year? How much would he have to put away each year if he wanted to make the first contribution on 12/31/2034? How much would he have to put away each year if she wanted to make the first contribution on 12/31/2019 and the last contribution on 12/31/43

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