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RUDIKE [14]
3 years ago
15

Robert hitchcock is 40 years old today and he wishes to accumulate $500,000 by his 65th birthday so he can retire to his summer

place on lake hopatcong. he wishes to accumulate this amount by making equal deposits on his 40th through his 64th birthdays. what annual deposit must robert make if the fund will earn 12% interest compounded annually?
Business
1 answer:
Anni [7]3 years ago
3 0

The problem wants to find out the cash flow per period that Robert will make from his 40th birthday until his 65th birthday. We know that he wants to get $500,000 by his 65th birthday thus this is the future value of his money. To solve for the cash flow per period, the equation is Future value = Annuity * [((1+i)^n-1)/i]. The n is the number of payments Robert would make which is 25. The answer would be $3749.98. 

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Answer:

The Guidelines for how votes are counted and who can vote is a rule, it is backed up by the constitution as a way of directing the masses.

Choosing to campaign in states with a large number of electoral votes or so called swing states is a strategy, this involves coming up with the best approach or means to win in an election. Going to such states is a big strategy towards securing victory.

Emphasizing different messages to different voter groups is another strategy, this entails telling each of the people things that are their most needs in a bid to convince them to vote for you. It is a strategy that has always worked.

Securing endorsements and large campaign contributions is a payoff, it is an aftermath of popular acceptance by the people.

Limits on sources of fundraising and campaign contributions is a rule established by the states to encourage fair play in the electoral system or process.

Explanation:

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4 0
3 years ago
a bond has a face value of $1,000, an annual coupon rate of 7 percent, yield to maturity of 10 percent, and 20 years to maturity
rewona [7]

The bond that has a face value of $1,000 has a duration of 10 years.

<h3>What is a bond?</h3>

A bond is a type of security in the financial world where the issuer (debtor) owes the holder (creditor) a debt and is required, depending on the terms, to repay the bond's principal (i.e., the amount borrowed) at the bond's maturity date as well as interest (referred to as the coupon) over a predetermined period of time. The interest is typically due at regular intervals, such as every six months, once a year, and less frequently at other times. To finance long-term investments or, in the case of government bonds, to finance immediate expenses, the borrower can obtain external funds through the sale of bonds. Both bonds and stocks are considered to be forms of security, but the main distinction between the two is that (capital) stockholders have an equity stake in a company, whereas bondholders have a creditor stake.

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5 0
1 year ago
A project manager forgets to assess how national holidays and team member vacations will affect the project’s completion date. N
solong [7]

The flexible strategy is used to avoid the delay in assessing the external constraints.

The following information regarding accessing external constraints:

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If we accessing the external constraints so the delay could be avoided.

So, The other options seem incorrect

Therefore we can conclude that the flexible strategy is used to avoid the delay in assessing the external constraints.

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5 0
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kirill [66]
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Answer:

The next step would be to take action on the discovered research

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