Pleasant Company has decided to begin accumulating a fund for plant expansion. The company deposited $80,000 in a fund on January 2, 2019. Pleasant will also deposit $40,000 annually at the end of each year, starting in 2019. The fund pays interest at 4% compounded annually. Click here to view the factor table 1. Table 2 Table 3 Table 4 What is the balance of the fund at the end of 2023 (after the 2023 deposit)? (Round answers to 2 decimal places, e.g. 2552.75.) Fund Balance at 12-31-23 $

Pleasant Company has decided to begin accumulating a fund for plant expansion. The company deposited $80,000 in a fund on January 2, 2019. Pleasant will also deposit $40,000 annually at the end of each year, starting in 2019. The fund pays interest at 4% compounded annually. Click here to view the factor table 1. Table 2 Table 3 Table 4 What is the balance of the fund at the end of 2023 (after the 2023 deposit)? (Round answers to 2 decimal places, e.g. 2552.75.) Fund Balance at 12-31-23 $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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