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Author Question: Your grandparents deposit 2,000 each year on your birthday, starting the day you are born, in an ... (Read 13 times)

Lisaclaire

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on: Jul 11, 2018
Your grandparents deposit 2,000 each year on your birthday, starting the day you are born, in an
  account that pays 7 interest compounded annually.
 
  How much will you have in the account on
  your 21st birthday, just after your grandparents make their deposit?
  A) 79,640 B) 101,802 C) 98,016 D) 86,058

Question 2

S-type corporations have all of the following advantages EXCEPT
 
  A) distributions are taxed twice, similar to corporate dividend payments.
  B) they are taxed as partnerships.
  C) all owners must be people, no corporations.
  D) the owners have limited liability.


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leeeep

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Reply #1 on: Jul 11, 2018
Answer to Question 1

C

Answer to Question 2

A


Lisaclaire

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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