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
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 What is the maximum number of whole payments that can be withdrawn before the account is exhausted, i.e., before the account balance would become negative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Calculation for the maximum number of whole payments that can be withdrawn before the account is exhausted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

You might be interested in
Which of the following describes possession utility?
lions [1.4K]

The option that describes possession utility is : ( A ) Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.

<h3>What is possession utility ?</h3>

Possession utility is the value which a product possesses that enables a customer to freely own and use the product as the customer/purchaser wishes.

In conclusion the option that describes possession utility is Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.

Learn more about possession utility : brainly.com/question/14898098

#SPJ1

<u />

<u>Attached below are the missing options </u>

<em>A. Efforts to communicate (i.e., promote) a product's value and then facilitate the exchange process.</em>

<em>B. Acquiring inputs and transforming them into products or services of greater customer value.</em>

<em>C. Effectively managing all value-added processes that influence when a product is available for purchase.</em>

<em>D. Assuring that products and services are where customers expect to find them—when they are needed.</em>

<em>E. All of the above</em>

5 0
3 years ago
What is the difference between a budget and a standard?
cricket20 [7]

Answer:

B

Explanation:

Standard is used for unit projection and unit prices of a product, while Budget is used for total projection in both price and Total units of a product.

5 0
3 years ago
a self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families, as
12345 [234]

A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families, as long as neither they nor their spouse was eligible for employer-sponsored health insurance. This deduction claimed to Claim a non -refundable tax credit based on the cost of the insurance.

insurance is a settlement that transfers the risk of monetary loss from an individual or business to a coverage organization. They acquire small quantities of money from clients and pool that cash collectively to pay for losses. Coverage is split into essential classes: belongings and Casualty coverage (percent).

Coverage plans are beneficial to each person seeking to defend their family, property/property, and themselves from economic chance/losses: coverage plans will help you pay for clinical emergencies, hospitalization, contraction of any illnesses and treatment, and medical care required in the future.

In coverage phrases, the threat is the chance something harmful or unexpected ought to appear. This might involve the loss, theft, or harm of precious assets and assets, or it may involve someone being injured.

Learn more about insurance  here brainly.com/question/25855858

#SPJ4

7 0
1 year ago
A factory which produces bicycles has one employee who assembles the frame, one who attaches the handle bars, one who attaches t
Mkey [24]
The answer is A because one of the people checks the bicycles before shipping them off looks at there efficiency to see if they are good enough 
5 0
4 years ago
Firms raise capital at the total corporate level by retaining earnings and by obtaining funds in the capital markets. They then
Andrew [12]

Answer:

The given statement is True

Explanation:

A firm can easily raise its capital either by retaining funds of profits or by receiving funds from the outer market and then such collected funds are invested by firms in the various projects which are capital projects. The risk factor in both may vary that is in divisions and the different projects that are within the divisions. Thus, conceptually it is correct

6 0
3 years ago
Other questions:
  • Workshape Company sells office chairs at $400 per unit, incurs variable cost per unit of $150, and has a total fixed expense of
    5·1 answer
  • Western Wholesale Foods incurs the following expenditures during the current fiscal year. How should Wesernaunt for each of thes
    12·1 answer
  • Wilton sells softball equipment. On November 14, they shipped $3,000 worth of softball uniforms to Paola Middle School, terms 2/
    12·1 answer
  • The ________ is controlled by the experimenter. variability independent variable dependent variable confounding variable
    9·2 answers
  • How could gambling create unexpected expenses? At least 2 answers. Will give Brainliest!!
    9·1 answer
  • You have been asked by a small credit union to help investigate an alleged fraud in a bankruptcy case in which it is involved. I
    12·1 answer
  • The PTL Corporation provides long-distance telephone services to consumer and business markets. The company recently initiated a
    8·1 answer
  • Last year, BruceCo sold 1000 coffee cups for $10 each. This year, the company is plannin on selling 1500 coffee cups. In order t
    9·1 answer
  • Leslie purchased 100 shares of GT stock on June 7th. Marti purchased 100 shares of GT stock on Monday, July 9th. GT declared a d
    6·1 answer
  • Tracy managed a project for a publishing company. her team worked with a college professor to publish a new math textbook. which
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!