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
An investment adviser representative is also a commisioned representative at a brokerage firm. the iar has developed an asset al
Zolol [24]

Answer:

The options include:

[A] cannot implement the plan

<em>[B] can implement the plan </em>

[C] can implement the plan only if no commissions are charged

[D] can implement the plan only if no management fee is charged

<em>[B] can implement the plan  is Correct</em>

Explanation:

Because the client or consumer has been fully disclosed and he agrees that the Adviser / Representative will obtain a management fee and commissions the Advisor / Representative will be allowed to progress with the project.

5 0
3 years ago
Suppose that Rearden Metal currently has no debt and has an equity cost of capital of 12%. Rearden is considering borrowing fund
Alexxandr [17]

Answer:

Option (C) is correct.

Explanation:

We have to use MM proposition that cost of equity will change itself in such a manner so that it can take care of its debt.

Cost of equity:

= WACC of all equity firm + (WACC of all equity - Cost of debt ) × (Debt -to-equity ratio)

At the beginning, when there was no debt,

WACC = cost of equity = 12 %

Levered cost of equity:

= 12% + ( 12% - 6%) × 0.5

= 15%

Therefore, Rearden's levered cost of equity would be closest to 15%.

4 0
3 years ago
Accrued Revenues are a/an
mamaluj [8]
Revenues - Asset
Expenses - Liability
7 0
2 years ago
7. Preparing Additional Employment Documents Although the résumé and cover message are the major tasks during your employment se
Bogdan [553]

Answer:

A list of graduation dates

A list of beginning and ending dates of employment

A card with any vital statistics that are not on your résumé

Explanation:

When providing additional information in the recruitment process, accurate and relevant information shows you are professional and have good communication skills. Making your chances of landing the job better.

Relevant information includes accurate dates of graduation and previous employment. Ensure these records are consistent accross all documents presented. Disparity will be perceived as lack of transparency.

Also a card with vital statistics not on your resume should be prepared. These can include achievements in past job roles. For example: I introduced a software that automated inquiry process and reduced cost by 30%.

3 0
3 years ago
phân tích các yếu tố cấu tạo nên người cung cấp dịch vụ khách hàng công thứ A B C. trong các yếu tố đó yếu tố nào quan trọng nhấ
Lorico [155]

Answer:

I would appreciate if my answer is chosen as a brainliest answer the

3 0
2 years ago
Other questions:
  • The menu of substantive actions top managers can take to change a problem company culture does not include
    15·1 answer
  • _____Web sites have job listings created for individuals who wish to perform work using trade-specific skills such as plumbing,
    8·2 answers
  • Molly is getting ready to file her tax return. She works and has a savings account. What tax forms does she need?
    15·2 answers
  • The best way to focus your attention on your most important daily goals is to use a
    14·1 answer
  • A successful TQM program incorporates all of the following except __________. ANSWER Unselected benchmarking Unselected centrali
    8·1 answer
  • Hokies uses the following accounts:
    6·1 answer
  • How would life be without technology
    12·1 answer
  • A put option gives its owners the right, but not the obligation, to: buy a commodity at a specified price and future date, at wh
    8·1 answer
  • An investment has an initial cost of $2.7 million and net income of $189,400, $178,600, and $172,500 for Years 1 to 3. The avera
    5·1 answer
  • dakota, a manager for a large trucking company, wants to evaluate his truck drivers but is unsure of which type of performance a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!