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Darina [25.2K]
3 years ago
6

Your Aunt Elsa has $500,000 invested at 6.5%, and she plans to retire. She wants to withdraw $40,000 at the beginning of each ye

ar, starting immediately. What is the maximum number of whole payments that can be withdrawn before the account is exhausted, i.e., before the account balance would become negative?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:
Ksju [112]3 years ago
7 0

Answer:

22.85

Explanation:

Present value (PV): $500,000

Rate: 6.5% per annual

Payment (PMT) : $40,000 per year

We can use excel to calculate the maximum number of whole payments that can be withdrawn before the account is exhausted

=NPER(rate, PMT, -PV,,1) = NPER (6.5%,40000,-500000,,1) = 22.85

Download xlsx
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Anthony's Refrigerator Pasta tries to offer higher-quality food products, more product variety, and wider distribution than its
Andreyy89

Answer:

It is differentiation strategy A)

Explanation:

Differentiation strategy : this  focuses on providing a product or a service with distinctive attributes, in comparison with what other competitors are offering in order gain competitive advantage. The company adopting this strategy must continuously innovate and ensure the quality features of their  products and services embraced by the customers are sustained and improved upon .

Concentration strategy : here, company is using differentiation strategy but focusing on a particular niche of the market.

Lateral diversification : this is when a company decides to grow or expand by acquiring another company in the same line of business.

Vertical Integration : this is when a company decides to grow by taking over the entire value chain of operation . For instance, if we decide to acquire the business of our supplier or decide to take over distribution channels from the  middle-men.

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6 0
3 years ago
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ch4aika [34]

Answer:

The cost of the equipment when it was acquired on January 1, 2011 is $10000

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8 0
3 years ago
What are the two key questions for an operations manager in the inspection​ process? A. How to​ inspect? What to​ inspect? B. Wh
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Answer: Option D: What to inspect? Where to inspect? are the two key questions operated in the inspection​ process.

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The two key questions of what and where to inspect are always inspected with the parallel effects in which all the comparisons can be noted and achieve the inference of solution. The inference of solution will chase the defective point of the product and makes them very strong and reduces the problem of cycle flow of work allotted to the Inspection process operation.

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3 years ago
A body of the letter is composed of the:
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3 years ago
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lapo4ka [179]

Answer:

b. The price of hotdogs fall.  

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