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
kiruha [24]
2 years ago
8

You wish to retire in 14 years, at which time you want to have accumulated enough money to receive an annual annuity of $17,000

for 19 years after retirement. During the period before retirement you can earn 8 percent annually, while after retirement you can earn 10 percent on your money. What annual contributions to the retirement fund will allow you to receive the $17,000 annuity? Use Appendix C and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
Business
1 answer:
bagirrra123 [75]2 years ago
4 0

Answer:

Annual contribution = $5873.06

Explanation:

First we will find the present value at the time of retirement and then we will find the annual contribution during the years of working. Below is the calculation to find the present value

Present value at the time of retirement = Annuity (P/A, r, n)

Present value at the time of retirement = $17000 (P/A, 10%, 19)

Present value at the time of retirement = $17000 (8.365)

Present value at the time of retirement = $142205

Now find the annual contribution:

Annual contribution = Future value (A/F, r, n)

Annual contribution = 142205 (A/F, 8%, 14)

Annual contribution = 142205(0.0413)

Annual contribution = $5873.06

You might be interested in
Which of the following intermediaries are included in indirect marketing channels? (check all that apply.)
ANEK [815]

Option D: All of the given choices are correct as the intermediaries that are included in the indirect marketing channels are merchandise wholesaler, retailer, and a shipper.

When a business distributes and sells its product through an intermediary, this is known as indirect selling. Different numbers of intermediaries may be used in indirect selling marketing channels. The manufacturer can sell their product to an intermediary who then sells it to a consumer in the most direct distribution route. However, they might occasionally use more than one middleman to distribute a good. Shopping centres and national chains are just a couple of the examples of intermediary channel uses that are included in this marketing channel.

Intermediary marketing channels describe how businesses and intermediaries actually deliver the products, whereas intermediary channels discuss who delivers products to consumers.

To know more about intermediary market channels, refer to the following link:

brainly.com/question/25339343

#SPJ4

Complete question is:

which of the following intermediaries are included in indirect marketing channels? (check all that apply.)

a. Shipper

b. Merchandise wholesaler

c. Retailer

d. All of the above

7 0
10 months ago
Read 2 more answers
Jamie would like to identify the similarities and differences among seven different types of flowers. Jamie should use a Venn di
expeople1 [14]

Jamie cannot use the Venn diagram as the best compare and contrast graphic organizer for his project. Thus, The correct answer is False.

<h3>What is a Venn diagram?</h3>

Venn diagram is used to compare elements of the same type. This includes cross-sectional circles where you write features that do not include each element, as well as the common ones.

This type of diagram is recommended when comparing two or three elements because you need a circle or space for each element, so it is not possible to compare several elements.

Thus, it is a lie to say that Jamie should use the Venn diagram in his project, because he needs to compare seven types of flowers and this does not happen using the Venn diagram, instead he should use a chart or similar that allows him to compare multiple elements. The correct answer is False.

To learn more about the Venn diagram, refer to the link:

brainly.com/question/26090333

6 0
2 years ago
After a sluggish quarter, the Federal Reserve Bank decides to increase the money supply in the economy. When the money-creation
Maslowich

Answer:

20; $1 billion

Explanation:

Given that,

New funds = $20 billion

Required reserve ratio = 5%

Money multiplier:

= 1/Required reserve ratio

= 1/0.05

= 20

Initial money increase by:

= Funds wants to be in the money supply × Required reserve ratio

= $20 billion × 5%

= $1 billion

Therefore, the Fed should initially increase $1 billion in the money supply.

5 0
3 years ago
Vasudevan Inc. recently reported operating income of $2.75 million, depreciation of $1.20 million, and had a tax rate of 40%. Th
exis [7]

Answer:

Free cash flow = $2.25 million.

Explanation:

We know,

Free cash flow = Operating income ×( 1 - tax rate) + depreciation - net working capital.

Given,

free cash flow = ?

Operating income = $2.75 million

tax rate = 40%.

depreciation = $1.20 million.

net working capital = $0.6 million.

Putting the values into the formula, we can get

Free cash flow = [Operating income ×( 1 - tax rate) + depreciation - net working capital] million.

Free cash flow = [$2.75 ×( 1 - 40%) + $1.20 - $0.6] million.

Free cash flow = ($2.75 × 0.6 + $1.20 - $0.6) million.

Free cash flow = ($1.65 + $1.20 - $0.6) million.

Free cash flow = ($2.85 - $0.6) million.

Free cash flow = $2.25 million.

6 0
2 years ago
A series of stages that products pass through in their lifetime, characterized by changing product demands over time is defined
Rashid [163]
Product Life Cycle, for which the stages include launch, growth, saturation and decline. Hope it helps!
3 0
2 years ago
Other questions:
  • At the beginning of last​ year, Barrington Corporation purchased a piece of heavy equipment for $ 63,000. The equipment has a li
    15·1 answer
  • Which is true? Group of answer choices Typically, only highly skilled statisticians perform trend and root cause analysis. Ultim
    7·1 answer
  • A simple economy produces two goods, Corn BreadCorn Bread and SoftwareSoftware.Price and quantity data are as follows:
    12·1 answer
  • Robert is including a description of the construction industry and the main competitors in his area in his business plan for a c
    15·1 answer
  • Persuasion is necessary when Group of answer choices your audience is skeptical about your idea. you anticipate that your audien
    5·1 answer
  • Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a weekday. Suppos
    6·1 answer
  • A bank that uses a computer system to record deposits and withdrawals from its customers' checking accounts is using a(n):
    13·1 answer
  • Because it is needed for the schedule of expected cash collections, the annual master budget file includes the.
    9·1 answer
  • if firms are producing at a profit-maximizing level of output where the price is equal to the average total cost
    6·1 answer
  • ellis university, a private, nonprofit university receives a letter pledging to donate $1,000,000 to the university. the pledge
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!