Question
Please answer Parts C & D. The findings are below. Thank you. C. Using your findings, discuss the impact of delaying making deposits into the
Please answer Parts C & D. The findings are below. Thank you.
C. Using your findings, discuss the impact of delaying making deposits into the IRA for 10 years (age 25 to age 35) on the amount accumulated by the end of Hals sixty-fifth year. D. Discuss the effect of beginning-of-year deposits on the future value accumulated by the end of Hals sixty-fifth year.
| Annual Deposit (PMT) | 2,000 |
| Return (RATE) | 10% |
| Years (NPER) | 40 |
| Amount Accumulated | $885,185.11 |
| Annual Deposit (PMT) | 2,000 |
| Return (RATE) | 10% |
| Years (NPER) | 30 |
| Amount Accumulated | ($328,988.05) |
| Annual Deposit (PMT) | 2000 |
| Return (RATE) | 10% |
| Years (NPER) | 40 |
| Amount Accumulated | $973,703.62 |
| Annual Deposit (PMT) | 2000 |
| Return (RATE) | 10% |
| Years (NPER) | 30 |
| Amount Accumulated | $361,886.85 |
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
27th edition
978-1337272094, 1337272094, 978-1337514071, 1337514071, 978-1337899451
