Prepare the following journal entry: A local college paid $13,800 by check for a future Bus Tour to Las Vegas for a conference next month.
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- A technology company deposited $62,580 into an account for yearly scholarships to be awarded to business students in Canada. The scholarship will be given at the beginning of every year forever, with the first scholarship to be awarded 4 years after the amount was deposited. What will be the size of these annual scholarships if the interest rate is 6.6% compounded semi-annually? Please include a well - labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit your solutions. Round to the nearest cent.Please help with questionsTuition of $1219 will be due when the spring term begins in 3 months. What amount should a student deposit today, at 6.47%, to have enough to pay the tuition? The student should deposit $ (Simplify your answer. Round to the nearest dollar as needed.)
- A tithe of $35,000 is made to a local church. The money is to be invested and the accumulated amount used to purchase a new youth group bus. How long will it take for the tithe to double in value if the money is invested at 7.75% APR compounded monthly?Draw a timeline in your notes to practice, then use the one below to help you! The Cambrian Foundation collected $49,431.67 to set up a fund for graduating students for the next 10 years. This was set up to help reduce the burden of student loans upon graduation. The first graduating class is will be eligible to apply for the funding in three years. What is the size of the end-of-year funding available if money earns 3.3% compounded semi-annually?Vocabulary: Fill in the blank Use the words below to complete the sentences. Use each word one time. presumption register consume finance theme 15. The owner of the company agreed to employees agreed to bring only one guest each. the company picnic as long as the 16. The project would months. all of the writer's attention and energy for three 17. It's important to your vehicle with the state motor vehicle department as Soon as you move to a new state. 18. The of the latest energy conference was environmental responsibility. 19. Her that she would not get the summer job led her to agree to an internship at another company.
- K Suppose someone wants to accumulate $65,000 for a college fund over the next 15 years. Determine whether the following investment plans will allow the person to reach the goal. Assume the compounding and payment periods are the same. The person deposits $55 per month into an account with an APR of 7%. ... Will the person meet the goal? Select the correct choice below and fill in the answer box to complete your choice. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) O A. No, because the amount that will be in the college fund, $ is less than the goal of $65,000. OB. Yes, because the amount that will be in the college fund, $ is more than the goal of $65,000. 3Miguel purchased a hot tub costing $5,070 by taking out an installment loan. He made a down payment of $1,300 and financed the balance for 24 months. If the payments are $171.77 each month, use the APR formula to find the APR. Round to the nearest hundredth of a percent. % Need Help? Read It Watch It Master ItComplete each requirement on a separate worksheet. Each requirement must have a user input section. Makeup and enter your own numbers for the user inputs for each requirement. Requirements: 1. Create a user input section for the user to input the annual effective interest rate and number of periods per year. Calculate the annual nominal interest rate. 2. The user can invest money at the end of each year. Create a user input section for the user to input the amount that they will invest at the end of each year. Using an annual interest rate of 9%, how much will the user have at the end of 7 years? 3. The user wants to save money to buy a new car 10 years from today. The new car will cost $125,000. Create a user input section for the user to input the amount that they can invest at the beginning of each year. What annual interest rate will they need to earn to have enough cash to buy the car 10 years from today? 4. The user wants to save $60,000.00 for a once in a lifetime…
- solve using excel, showing all work and all text in each box please.Please answer question as quickly as possible. The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $1,000 at the end of January, $1,700 at the end of February, $2,400 at the end of March, and so on up to $8,700at the end of December. At the beginning of the next year, the sequence repeats starting at $1,000 in January and ending at $8,700 in December. This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of 1,150,000 tickets, what is the minimum price they can charge for the tickets to break even, assuming the commission earns 3.00 %/year on its investments and there is exactly one winning ticket?Do all calculations to 5 decimal places and round final answer to 2 decimal places. Tolerance is ±$0.03.You are interested in saving for a trip when you graduate in three years. You can save $75 each of the next 36 months and earn 2.75% interest on your money. How much money would you have in your savings account in 36 months for your trip? ( Please reference the loan infromation in the "Task 5 Data " cells as the argument for your functions
