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Author Question: Bill plans to fund his individual retirement account (IRA) with a maximum contribution of 2,000 at ... (Read 274 times)

lidoalex

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on: Jul 10, 2018
Bill plans to fund his individual retirement account (IRA) with a maximum contribution of 2,000 at the end of each year for the next 20 years.
 
  If Bill can earn 12 percent on his contributions, how much will he have at the end of twentieth year? (Round to the nearest whole dollar)
  A) 19,292
  B) 14,938
  C) 40,000
  D) 144,105
  E) 44,800

Question 2

The cash conversion cycle is equal to the days of sales outstanding plus the days of sales in
  inventory plus the days of payables outstanding.
 
  Indicate whether the statement is true or false
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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CAPTAINAMERICA

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Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


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