Athlete Kalen wishes to retire at age forty-five and receive annual birthday payments of $40,000 beginning on his forty-fifth bi
rthday. After his death, the payments on the anniversary of his birth should go to his heirs. In order for Kalen to be able to carry out his plan, he makes contributions to a savings account with a guaranteed annual effective interest rate of 4%. How much money will Kalen need to have accumulated at age forty-five, just prior to his first $40,000 birthday payment
The Fed, America's national bank, last brought rates up in June of 2006, by 25 premise focuses to 5.25%. It soon ended up turning around course, as a lodging bust offered route to the Great Recession; since December of 2008, the Fed's benchmark financing cost has been set at in the vicinity of 0.0% and 0.25%.
The number of units that must be produced during the month should be enough to meet the selling requirement for the month plus the desired level of ending inventory. Any starting of beginning inventory at the start of the month will reduce the number of units to be produced. Thus, the formula to calculate production for the month is,
Sales = Opening inventory + Production - Closing Inventory
That statement is true Item of merchandise usually given to the customers if they're fulfilling a certain purchase. For example, when a cereal company create a marketing strategy to give a bowl as a merchandise if the customers bought two boxes of its products within a certain period of time.