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Please go into detail on how you got the answers to both! Thank you in advance! Compute the amount that a $45.000 investment today would
Please go into detail on how you got the answers to both! Thank you in advance!
Compute the amount that a $45.000 investment today would accumulate at 12% (compound interest) by the end of 6 years. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Click here to view factor tables Future Value $ * Your answer is incorrect. Kevin wants to retire at the end of this year (2020). His life expectancy is 20 years from his retirement. Kevin has come to you, his CPA, to learn how much he should deposit on December 31, 2020 to be able to withdraw $69.000 at the end of each year for the next 20 years, assuming the amount on deposit will earn 12% interest annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Click here to view factor tables Present Value $ 122042.35Step by Step Solution
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