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aev [14]
2 years ago
9

You have $400,000 saved for retirement. Your account earns 6% interest. How much will you be able to pull out each month, if you

want to be able to take withdrawals for 20 years
Business
1 answer:
bezimeni [28]2 years ago
5 0

You will be able to pull out $2865.724 each month.

Interest rate is the amount of interest per period on an amount lent, deposited, or borrowed (called the principal). The total interest on the amount lent or borrowed depends on the principal amount, the interest rate, the frequency of compounding interest, and the length of the term of the loan, deposit, or borrowing.

The annual Interest Rate is the interest rate for one year. Other rates apply for other periods. B. One month or one day, but usually annualized.

Learn more about interest here: brainly.com/question/2294792

#SPJ4

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Today, _______________ dominate their supply chains.
N76 [4]
They is probably the words you are looking for. and by they i mean the large retailers
5 0
4 years ago
Which kind of food service outlets utilizes an intercom system for customers to order food?
Keith_Richards [23]
Answer: C.

Intercoms are a very useful system for businesses because, it allows the customers to just drive up an order from the machine rather than having to get out of the car and going into the restaurant establishment itself.
8 0
3 years ago
Marian Company's net income is $200,000; between January 1 and June 30, the company had 450,000 shares outstanding. On July 1, t
Marrrta [24]

Answer:

$.5

Explanation:

Net Income     $200,000

Shares outstanding from Jan 1-June 30  450,000*6/12=225,000

Shares outstanding from Jul 1-December 31  (450,000-100,000)*6/12=175,000

Weighted average shares outstanding                   (225,000+175,000)=400,000

Basic EPS=Net income-preferred stocks dividend (if any)/Weighted Average shares outstanding=$200,000/400,000=$.5

5 0
3 years ago
Why are room counts so important to hotels?
tino4ka555 [31]

Answer:

It is critical for Front desk personnel to be aware of the actual number of rooms available, particularly if the hotel plans to run at or near 100 percent occupancy.

Explanation:

Except for the fact that it serves as a fundamental benchmark against competitors, knowing occupancy is very useful in evaluating the financial resources that must be invested in order to maintain a hotel operating efficiently. The greater the number of rooms sold, the greater the need for front desk and cleaning workers.

4 0
3 years ago
The expected return on Natter Corporation's stock is 14%. The stock's dividend is expected to grow at a constant rate of 8%, and
AysviL [449]

Answer:

d. The stock price is expected to be $54 a share one year from now.

Explanation:

Using dividend discount model(DDM), find next year's dividend;

P0 = D1/ (r-g)

50 = D1/(0.14-0.08)

50 = D1/ 0.06

Multiply both sides by 0.06 to solve for D1;

50 *0.06 = D1

3 = D1

Next, year's dividend is $3

Dividend yield = D1/P0;

= 3/ 50 = 0.06 or 6% hence choices A& B are incorrect.

Next year's price; P1 = P0(1+g)

P1 = 50(1.08) = $54 hence choice D is correct

7 0
4 years ago
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