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
Alexeev081 [22]
3 years ago
13

Your uncle has $340,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, star

ting at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end

Business
1 answer:
timama [110]3 years ago
5 0

Answer:

17.27 years

Explanation:

For this question we use the NPER formula that is shown on the attachment below:

Provided that  

Present value = $340,000

Future value = $25,000

PMT = $35,000

Rate of interest = 7.5%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of year is 17.27 years

You might be interested in
Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage t
Nina [5.8K]

The correct answer to this open question is the following.

Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage tables, spray tan vestibules, washers, and dryers. These items are considered commodities and pluses that improve the quality of the leasing and upgrade the facility. These are also tools to help the new operator to properly do the work and offer great client service. With all those elements, Amy can justify the amount of money she asks for the rent of the space. More items included, the higher the prize.

6 0
3 years ago
What term is commonly used to describe how a company builds and maintaining strong barriers to withstand competitive attacks?.
vovangra [49]

A natural next step is a term used to describe how a company builds and maintains strong barriers to withstand competitive attacks.

In the field of business, the natural next step can be described as a part of marketing principle #3. According to this marketing principle, there is a reaction shown by every competitor in a market to its rival.

The natural next step is a strategic plan to overcome rivals in a business by forming trusted and good relations with customers. Strong barriers in the form of enhanced connections with the customers are made so that competitive attacks could be withstood.

To learn more about barriers, click here:

brainly.com/question/14277264

#SPJ4

5 0
1 year ago
I’m 15 Years Old I Need A Job Changing Baby Girl Poop Diapers Do Any Of Y’all Know Where There Is A Place Where They Allow 15 Ye
scZoUnD [109]
Not a job, but you can baby sit for people if you know how to take care of kids
3 0
2 years ago
"Ethan knows that when he graduates from college and begins looking for a job, he will need to make his resume stand out from al
kakasveta [241]

Answer:

Communicating value

Explanation:

Communicating value involves showing others what makes one's product or skills different and better than others that are available.

What value means to stakeholders in a situation needs to be defined.

Focus is then given to how the skill or product can meet these unique needs.

Also one needs to understand the most effective platform to use in communicating value.

In this instance Ethan wants to make his resume stand out from all the other resumes that the company receives in order to be selected for an interview

He is communicating the value he can add to the company.

5 0
3 years ago
A new investment opportunity for you is an annuity that pays $550 at the beginning of each year for 3 years. You could earn 5.5%
faltersainse [42]

Answer:

$1,565.48

Explanation:

This is an annuity due type of question since the recurring payments are made at the beginning of each year unlike Ordinary annuity whose payments occur at the end of each period.

With a financial calculator on beginning mode "BGN", use the following inputs to find the PV;

Total duration of investment; N = 3

Recurring payment; PMT = 550

Interest rate; I/Y = 5.5%

One time cashflows; FV = 0

then compute for Present value ; CPT PV = 1,565.476

Therefore, the most you should pay is $1,565.48

6 0
3 years ago
Other questions:
  • Journalize the following foregoing transactions of the buyer, assuming that the company uses the perpetual inventory system. Ref
    14·1 answer
  • You place $4,00.00 in a bank account with an interest rate of 5.25% APR and another $2,000.00 in account with an interest rate o
    7·1 answer
  • If a business hires employees to perform different, highly specialized jobs,
    8·1 answer
  • Suppose the long run production function is given by: Q = 4*L +2K2. Marginal product of labor (MPL) = 4 and wage is $10. Margina
    7·1 answer
  • Depth of product line refers to Multiple Choice the number of different product classes owned by a corporate chain. the percenta
    6·1 answer
  • COMPARE AND CONTRAST WHOLE LIFE,VARIABLE LIFE AND TERM LIFE?
    11·2 answers
  • With the proliferation of data mining analysis due to scanner data with tens of thousands of records, online surveys that garner
    10·1 answer
  • This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th
    8·1 answer
  • Ryan believes he is responsible for his actions, and he will conduct extensive searches before making a purchase. Michael's favo
    12·1 answer
  • 1. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial inves
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!