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Gennadij [26K]
3 years ago
8

Approximately how much should be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for

25 years, during which time the fund will earn 8% interest with monthly compounding? (roound to the nearest hundred dollar). A. $261,500.00 B. $323,900.00 C. $578,700.00 D. $690,000.00 E. Cannot be determined due to other factors.
Business
1 answer:
makkiz [27]3 years ago
7 0

Answer:

B. $323,900.00

Explanation:

Nper = 300 periods

Rate = 8%/12

FV = 0    

PMT = $2500  

Amount to be Accumulated = PV(Rate,Nper,PMT,FV)

                                               = PV(8%/12,300,2500,0)

                                               = $323911.31

Therefore, The amount to be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for 25 years is $323,900 .

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DuBois, Inc. announces a large stock dividend of 65% of the 4.96 million outstanding shares of common stock. The current price p
Karolina [17]

Answer:

Option (B) is correct.

Explanation:

Dividend per share:

= (65% of Par value of the stock)

= (65% × 0.01)

= $0.0065

Hence, the total dividend:

= (Dividend per share × outstanding shares of common stock)

= (0.0065 × 4.96 million)

= $32,240

Hence, the dividend would cause a decrease in retained earnings.

Therefore, the correct option is B.

6 0
3 years ago
Suppose that Marie is buying bananas. She decides that she would like to purchase three bananas at the price of $0.25 per banana
navik [9.2K]

Answer:

Marginal thinking

Explanation:

The economic foundation of marginal thinking requires decision-makers to evaluate whether the benefit of one more unit of something is greater than its cost. And according to this principle, Marie´s benefits of the first three bananas is higher than its cost, but the fourth banana will provide less benefit than the third and this is less than it cost.

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3 years ago
A relational orientation is based on the philosophy that buyers and sellers develop Group of answer choices a complete understan
bixtya [17]

Answer:

a long term partnership

Explanation:

A relational orientation is a concept of marketing which is aimed at creating a relationship between the salesperson and the customer on a long term basis.

The concept identifies that when a long term relationship is created with the customer, it will bring about customer loyalty. A customer that is loyal will mostly buy or purchase goods or product from the salesperson.

Example of relational orientation is purchasing a car from a seller by the buyer due to the long term relationship already established. This type of arrangement is essentially good for products purchased in large quantities.

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Case study
Gemiola [76]

Answer:

Strategical level- It states that these type of decision making should be taken by the higher authorities of the company for example, chief executive, chief manager, president etc.

Explanation:

3 0
3 years ago
McConnell Corporation has bonds on the market with 18 years to maturity, a YTM of 9.8 percent, a par value of $1,000, and a curr
djyliett [7]

Answer:

13.70%

Explanation:

We use the PMT formula which is to be shown in the attachment

Given that,  

Present value = $1,326.50

Future value = $1,000

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The formula is shown below:

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

The present value come in negative

So, after solving this, the PMT is

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Now the coupon rate is

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4 years ago
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