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Dima020 [189]
3 years ago
7

You have just won the lottery and will receive a lump sum payment of $22.57 million after taxes. Instead of immediately spending

your money, you plan to deposit all of the money into an account that will earn 4.84 percent. If you make equal annual withdrawals for the next 30 years, how much can you withdraw each year starting exactly one year from now?
Business
1 answer:
Grace [21]3 years ago
5 0

Answer:

I will withdraw $1,441,542.

Explanation:

Wquivalent annual annuity is the amount equally received or paid with investment on a specified rate including interest and its compouding effect as well.

PV of Annuity (NPV) = Payment (EAA) × [ (1 − (1 + r)-n / r ]

22,570,000 = EAA × [ ( 1 − ( 1 + 4.84% )^-30 / 4.84% ]

22,570,000 = EAA × [ ( 1 − ( 1 + 0.0484 )^-30 / 0.0484 ]

22,570,000 = EAA × [ ( 1 − ( 1.0484 )^-30 / 0.0484 ]

22,570,000 = EAA × 15.65685

EAA = 22,570,000 / 15.65685

EAA = $1,441,541.56

EAA = $1,441,542

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Answer:

N = 3,120 (Approx)

Explanation:

Given:

z- score for 99% confidence = 2.58

Proportion (P) = 75% = 75 / 100 = 0.75

E = 2% = 0.02

Q = 1 - P = 1 - 0.75 = 0.25

Computation:

N = (Z/E)^2 \times pq

N = (2.58/0.02)^2 \times (0.75 \ times 0.25)

N = (129)^2 \times (0.1875)

N = (16,641) \times (0.1875)

N = 3,120.1875

Therefore, N = 3,120 (Approx).

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3 years ago
The vice president of logistics for a salty-snack A reading service for the visually impaired requires each reader applicant to
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logistics integration with cost-effective technique.

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Combining these two techniques the company might better attend the consumers and also save costs for the Company.

3 0
3 years ago
Custom Foot operates six retail locations. At first glance, none looks any different from your basic old-fashioned shoe store, b
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This is an example of mass customization

Explanation:

Mass customization is a business concept that involves mass manufacturing products that meet individual consumer wants and needs. It combines flexibility and personalization of unique made products with the low unit costs associated with mass production. It is sensitive to customer preferences with standardisation of processes, and the customer satisfaction that comes with owning a custom product.  

Custom Foot offers a basic package for their boots and shoes, and then offer customers a variety of features they can add or subtract. With this, they can provide alternatives for modifying a product without the costs associated with making a 100 percent unique product.

8 0
3 years ago
What is the price​ level? The price level is​ ______. A. the average level of prices paid by urban consumers for all goods exclu
8_murik_8 [283]

Answer:

Price Level is B. The average level of prices

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Price level is the average of current prices across the entire spectrum of goods and services produced in the economy.

Price level refers to the price or cost of a good, service, or security in the economy.

Reference: Kenton, Will. “Reading Into Price Levels.” Investopedia, Investopedia, 27 Sept. 2019

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2 years ago
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A group could be a collection of people who coordinate their efforts, while a team may be a group of individuals who share a typical goal. While similar, the 2 are different when it involves decision-making and teamwork.

A v agent (sometimes called an intelligent  agent (IVA), could be a software program that uses scripted rules and, increasingly, applications to supply automated service or guidance to humans.

Types of labor means occupational categories of work that include a group of job functions requiring the performance of a typical set of tasks and may include several jobs. It refers to a broad group of jobs and that have a standard set of labor tasks and functions.

learn more about maintenance: brainly.com/question/13110766

#SPJ4

6 0
2 years ago
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