Consider that you are 45 years old and have just changed to a new job. You have $73,000 in the retirement plan from your former employer. You can roll that money into the retirement plan of the new employer. You will also contribute $2,900 each year into your new employers plan. If the rolled-over money and the new contributions both earn a 5 percent return, how much should you expect to have when you retire in 20 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) What is the future value?

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Balance Sheet Jack and Jill Corporation's year-end 2009 balance sheet lists current assets of $245,000, fixed assets of $795,000, current liabilities of $191,000, and long-term debt of $295,000. What is Jack and Jill's total stockholders' equity?

a)$486,000

b)$554,000

c) $1,040,000

D) There is not enough information to calculate total stockholder's equity.

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Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,500, $1,700, $1,700, and $2,000. (Do not round intermediate calculations and round your final answer to 2 decimal places.)