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Use the following information for question 1. At the end of 2018, the Laker Company has $40,000 in accumulated depreclation and $100,000 in retained earnings.

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Use the following information for question 1. At the end of 2018, the Laker Company has $40,000 in accumulated depreclation and $100,000 in retained earnings. 1. Complete the Balance Sheet and Income Statement . 2019 and 2020 2. You deposit $30,000 today. If it grows to $60,000 in 10 years, what rate of interest must have your eamed? Answer 3 Today is T=0. If you make five annual deposits into a bank account that pays interest at the rate of 9%, how large must the deposits be if the account is worth $75,000 at the end of the fith year (T=5) and the first deposit is made today? 4 You will start college on your 18th birthday. Your parents need $100,000 on that day. How much should they deposit into a bank account at the moment of your birth if the bank pays interest at the rate of 6%

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