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
dlinn [17]
3 years ago
13

A woman plans to work for 25 years and to make deposits into a retirement fund at the amount of 100 at the end of each month. Th

e fund earns 6% nominal, converted monthly. The fund will be used to purchase a 20-year annuity immediate at retirement, with the first payment in a month after retirement. Assuming the annuity is purchased at 5% nominal converted monthly, what is the amount of her monthly end-of-month payments during her retirement?
Business
1 answer:
zaharov [31]3 years ago
8 0

Answer:

The answer is $457.35

Explanation:

FV= P * ([1 + I]^N - 1 )/I.

FV=100 * ([1 + 0.06/12]^(12*25 - 1 )/0.06/12=$69299.40

PV of an Annuity = C x [ (1 – (1+i)^-n) / i ]

$69299.40= C x [ (1 – (1+0.05/12^-12^*20) / 0.05/12 ]= <u>$457.35</u>

​

You might be interested in
Define securitization.​
Harman [31]
The word secure is a protected sounding word so it’s the process of securing something from a business to protecting something from terrorist BASICALLY protecting‍♂️
8 0
3 years ago
Which of the following is not a type of fiduciary fund?
snow_tiger [21]

Answer:

The correct answer is a.Special service funds

Explanation:

This corresponds to funds used for social investment. All financial resources of a tax and non-tax nature that are generated, obtained or originated in the production or provision of goods and services that the Executing Units or public entities carry out, in accordance with the Law. They are oriented to the attention of public budget expenditures.

6 0
3 years ago
A situation in which monetary policy is expansionary prior to an election and contractionary after an election is known as the â
Advocard [28]

A situation in which monetary policy is expansionary prior to an election and contractionary after an election is known as the Political business cycle.

What is expansionary monetary policy and contractionary monetary policy?

Simply put, expansionary monetary policy enlarges (increases) the money supply, whereas contractionary monetary policy reduces (contracts) the amount of a nation's currency available.

What is Political business cycle?

A political business cycle is a change in economic activity brought on by outside political actors. The term "political business cycle" is mostly used to refer to the economic expansion that occurs right before an election to increase the likelihood that the current administration will be reelected. Empirical evidence of political business cycles is still ambiguous despite several attempts to prove it.

Learn more about Political business cycle: brainly.com/question/13084281

#SPJ4

8 0
2 years ago
The American Red Cross creates advertisements to encourage people to donate blood. After viewing one, Amanda decided to donate a
agasfer [191]

Answer:

The answer is: Yes, an exchange was made.

Explanation:

In marketing, an exchange happens every time two or more entities (people. organizations or businesses) trade products or services. Each trade should result in a utility created for each party involved. In other words, what you get in exchange is worth more (at least for you) than what you give.

In Amanda's case, an exchange is made because she donated blood and received a feeling of satisfaction and happiness in exchange.

4 0
3 years ago
Your grandfather has offered you a choice of one of the three following alternatives: $8,500 now; $3,000 a year for five years;
Mila [183]

Answer:

Check the explanation

Explanation:

a1.Present value of $8500=$8500

the Present value of $3000 a year for 5 years=$3000*Present value of annuity factor(9%,5)

the Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate

=$3000[1-(1.09)^-5]/0.09

=$3000*3.889651263

=$11668.95(Approx)

The Present value of $41000=$41000*Present value of discounting factor(rate%,time period)

=$41000/1.09^5

=$26647.19(Approx).

Therefore  $41,000 received at end of five years is a better value.

3 0
3 years ago
Other questions:
  • Craigmont uses the allowance method to account for uncollectible accounts. its year-end unadjusted trial balance shows accounts
    14·1 answer
  • Tem Co. issued rights to its existing shareholders without consideration. A shareholder received a right to buy one share for ea
    8·1 answer
  • Patsy, a registered nurse, has decided to start a home healthcare service to assist with the medical, meal preparation, and ligh
    13·2 answers
  • . Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant a
    10·2 answers
  • Porsche has enhanced power over buyers because its strong reputation makes buyers more willing to pay a premium price. this ____
    8·2 answers
  • A firm expects to sell 25,000 units of its product at $11 per unit. Pretax income is predicted to be $60,000. If the variable co
    5·1 answer
  • The _____ stage of the product life cycle is characterized by rapid market expansion as more and more customers, stimulated by m
    12·1 answer
  • A machine operates with the following production cycle: 34 minutes of setup, 70 minutes of production. While in production, the
    13·1 answer
  • The ____ is the amount earned on an investment for a given period of time.
    7·1 answer
  • A new operating system for an existing machine is expected to cost $565,000 and have a useful life of six years. The system yiel
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!