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Hope Dearborn invests $40,000 on January 1,2019, in a savings account that...

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Accounting

Hope Dearborn invests $40,000 on January 1,2019, in a savings account that earns interest of 8% compounded semiannually. What will be the amount in the fund on December 31,2024?
Round your answer to two decimal places.
$ fill in the blank 1
Ben Johnson receives a bonus of $5,000 each year on December 31. Beginning on December 31,2019, he deposits his bonus every year in a savings account that earns interest of 12% compounded annually. What will be the amount in the fund on December 31,2023, after he deposits his bonus received on that date?
Round your answer to two decimal places.
$ fill in the blank 2
Ron Sewert owes $30,000 on a non-interest-bearing note due January 1,2029. He offers to pay the amount on January 1,2019, provided that it is discounted at 10% on a compound annual discount basis. What would he have to pay on January 1,2019, under this assumption?
Round your answer to two decimal places.
$ fill in the blank 3

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