You are currently 25 years old. You have developed a lifetime budget that includes (1) $50,000 at age 40 for a college fund for your kids and (2) $25,000 per year for 20 years to supplement your retirement, the first payment on your 60th birthday and the last payment on your 79th birthday. In order to fund these two, you open an investment account on your 25th birthday that promises to pay 9% interest compounded annually. And you're rich enough to make a one-time deposit on your 25th birthday and let it grow. How much do you need to deposit if you want to meet your financial goals?

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Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.