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Accounting fund ?

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  • Matt
    Lv 5
    2 months ago

    15). $20,000 (20% of $100,000)

    16). $54,400 (Year 1 = $100,000 - $20,000 (20% of $100,000) = $80,000                      Year 2 = $80,000 -  $25,600 (32% of $80,000) = $54,40017). Year 3 = $54,400 - $10,444.80 (19.20% of $54,400) = $43,955.20      Year 4 = $43,955.20 - $5,054.85 (11.50% of $43,955.20) = $38,900.35If sold for $30,000 at the end of year 4, you have made a loss on sale of $8,900.35

    • Matt
      Lv 5
      2 months agoReport

      17). Year 3 = $54,400 - $10,444.80 (19.20% of $54,400) = $43,955.20 Year 4 = $43,955.20 - $5,054.85 (11.50% of $43,955.20) = $38,900.35If sold for $30,000 at the end of year 4, you have made a loss on sale of $8,900.35

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