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mario62 [17]
3 years ago
9

Your uncle just won the weekly lottery, receiving $375,000, which he invested at a 7.5% annual rate. He now has decided to retir

e, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. What is the maximum number of whole payments that can be withdrawn before the account is exhausted, i.e., before the account balance would become negative
Business
1 answer:
Ira Lisetskai [31]3 years ago
7 0

Answer:

22

Explanation:

Calculation for the maximum number of whole payments that can be withdrawn before the account is exhausted

Using financial calculator

PV -375000

PMT 35000

I 7.50%

FV 0

Compute N

= 22.50

Approximately 22

Hence,maximum number of whole payment will be 22

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mojhsa [17]

Answer:

The correct answer is letter "E": cash flow to stockholders.

Explanation:

The cash flow to stockholders is the amount of money a firm pays to its debtholders and stockholders. It is calculating by subtracting the <em>dividends paid minus new equity</em> -if raised any. The Board of Directors determines the amount and the period to be considered for the dividends and if they are paid from the organization's current earnings or the reserve revenues.

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3 years ago
Which of the following is NOT a strong warning sign of potentially violent behavior? A. Constantly complaining about the job B.
sweet [91]
 B. Frequently returning late from lunch break. 
4 0
4 years ago
Read 2 more answers
Which product-market combination has the greatest potential?
Sauron [17]

The product-market combination that has the greatest potential is B. Fashion items to the younger segment.

It should be noted that the potential of a particular product can be determined based on the people that the product is designed for.

In such a case, a product that's designed for the younger generations will attract more customers since younger people generally like things that are trendy.

Therefore, in this case, the fashion items for the younger segment have more potential.

In conclusion, the correct option is B.

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brainly.com/question/25038448

7 0
3 years ago
The following information is available from the current period financial statements: Net income $165,000 Depreciation expense 28
Natalka [10]

Answer:

The correct answer is 156,000

good luck ❤

8 0
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Read the first paragraph of "The Effectiveness<br> of Capital." What do you think productive means?
Ganezh [65]

Answer: Productive means having been able to gain in large amounts.

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Producing any kind of goods in large numbers is productivity. The productivity of any good depends upon many factors. Like a productive worker has a lot of capacity to do a lot of work and hence he is able to give productive results in the end. With a great number of profits.

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