1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alisiya [41]
3 years ago
5

Your uncle has $375,000 and wants to retire. He expects to live for another 25 years and to earn 7.5% on his invested funds. How

much could he withdraw at the end of each of the next 25 years and end up with zero in the account? Select one: a. $28,843.38 b. $30,361.46 c. $31,959.43 d. $33,641.50 e. $35,323.58

Business
1 answer:
Alex777 [14]3 years ago
5 0

Answer:

d. $33,641.50

Explanation:

In this question, we use the PMT formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $375,000

Future value = $0

Rate of interest = 7.5%

NPER = 25 years

The formula is shown below:

= -PMT(Rate;NPER;PV;FV;type)

So, after solving this, the answer would be $33,641.50

You might be interested in
Is defined as information containing? patterns, relationships, and trends of various forms of data?
DerKrebs [107]
Business Intelligence. Business intelligence is a broad term that covers basically any information in any format that may be relevant to business strategies. This can include, transaction info, product info, trends, app statistics and so much more. 
4 0
3 years ago
Which statement is true about reporting receivables on the balance sheet?
MAVERICK [17]
<h3>Answer:</h3>

D. Allowance for Doubtful Accounts is shown as a deduction from Accounts Receivable on the balance sheet.

<h3>Explanation:</h3>
  • Balance sheet is a statement of account that shows the number of assets, liabilities, capital and net profit or loss in an organisation.
  • Receivables refers to the amount that the seller ios owed by the customers or buyers.
  • Therefore, receivables are current assets in a business and are listed on the left side of the balance sheet.
  • Allowance for doubtful accounts is listed as a deduction below the accounts receivable as it is a reduction of the total amounts on accounts receivable.
3 0
3 years ago
When a fruit or vegetable (such as strawberries or lentils) is in season, the demand for it will increase as it becomes cheaper.
Olenka [21]

Answer: True

According to the law of demand, the demand for a good increases when its price falls. Thus, when a fruit or vegetable is in season, it is relatively less expensive than in off seasons. Thus, consumers buy more of these seasonal fruits in season. Thus, demand for the good increases when it becomes cheaper.

Thus, the statement is true.


5 0
3 years ago
Help plssssssssssssss
kupik [55]
4) paring 5) fish 6) utility 7) filet 8) chef 9) turning 10) bread

(might be wrong)
5 0
3 years ago
A study is being done to test the effects of habitat space on the size of fish populations. aquariums of various sizes are set u
vovangra [49]
<span>The independent variable is the size of the aquarium and the dependent variable is the size of the fish population. All other variables in this scenario are held constant. Dependent variables are aspects that the researcher deliberately changes to see what will result from the change. If the food, water temperature and cleanliness are the same and the size of the aquariums is different, that makes aquarium size the independent variable.</span>
8 0
3 years ago
Other questions:
  • Harmony is currently producing 100 units of a necessary component part by incurring $60,000 in direct materials, $12,500 in dire
    13·1 answer
  • lpha Corporation is interested in expanding its operations to South Africa. Alpha finds a South African company that is in a sim
    8·1 answer
  • Botox Facial Care had earnings after taxes of $310,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $53
    12·1 answer
  • At the beginning of the call, the team members ask how one another is doing and mention the weather. What piece of advice for vi
    10·1 answer
  • On March 1, 2018, Lewis Services issued a 6% long-term notes payable for $18,000. It is payableover a 3-year term in $6000 princ
    14·1 answer
  • Claudia is hired as a Senior Engineer by Hexagon Inc. Allen, the HR Manager of the company, promises her that she will start wor
    6·1 answer
  • Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is sc
    10·1 answer
  • How can understanding the economy help you to make better financial decisions?
    7·1 answer
  • Kohl’s is addressing the increasing importance of technology in the retail experience by investing in.
    9·1 answer
  • In market economies, firms rarely worry about the availability of inputs to produce their products, whereas in command economies
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!