Answer: a) $66,388.86
the total sum Earl will receive when he withdraws the money in his 65th birthday is $66,388.86
Explanation:
Given that;
Annuity = $150
r = 10%
Earl is 25years now
Earl plans to withdraw the money when he is 65
which mean Period N = ( 65 - 25 ) = 40
To find the future value, we use use the express
Future value = annuity × (((1+r)^n)-1)/r)
we substitute our values
Future Value = 150 × (((1 + 10/100)^40)-1)/10/100)
= 150 × (((1.10)^40)-1) / 0.01)
150 × ((45.2592 - 1)/0.1)
150 × 442.5924
Future Value = $66,388.86
therefore the total sum Earl will receive when he withdraws the money in his 65th birthday is $66,388.86
A compressed workweek<span> has you working 40 hours in fewer </span>than<span> five days. The most widely used schedule is 10 hour days for four days a week.</span>
The correct answer is D. There is no evidence to prove if the suspect commited the crime, or didnt
As discussed in the text, a main purpose of the ease contractual negotiations is to prevent unreliable oral evidence from interfering with a contractual relationship.
<h3>What is contractual negotiations?</h3>
Contract negotiation is the process of achieving an agreement on a set of legally binding term. When two companies negotiate, they both seek to secure the best deal and minimize their financial, legal, and operational risks.
Negotiation is essential for advancing in the job, resolving disagreements, and adding value to contracts.
Thus, contractual negotiations is the prevention.
For more details about contractual negotiations, click here
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