What information is needed to create a monthly budget

2. You retire at age 60 and expect to live another 23 years. On the day you retire, you have $568,900 in your retirement savings

hichkok12 [17]

Answer:

The monthly withdrawals are $3,537.85 and will last for 23 years.

Explanation:

We have to calculate the monthly installment of an annuity:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 568,900.00

time 276 (23 years x 12 months)

rate 0.004333333 (5.2% = 5.2 / 100 = 0.052 per year we now divide by the 12 months of a year and get the rate for monthly withdrawals.

$568900 \div \frac{1-(1+0.00433)^{-276} }{0.00433} = C\\$

C $ 3,537.85

5 0

3 years ago

An investment advisor has decided to purchase gold, real estate, stocks, and bonds in equal amounts. This decision reflects whic

BlackZzzverrR [31]

Answer:

1. Asset allocation

Explanation:

By allocating assets the investment advisor has found a way to balance risk and reward for its investors by considering their risk tolerance, goals and objectives towards the investments and the investment time frame with which the investors are to recieve their Return on Investment (ROI) or also called Profit.

3 0

3 years ago

For studying demand relationships for a proposed new product that no one has ever used before, what would be the best method to

dolphi86 [110]

Answer:

the answer is D) all of the above are equally useful in this case

Explanation:

why? every company who is planing to offers a new good or product its important to know to which market you want to sell it, and the average age, either the company who had been working with the same product, perhaps more capacity of production in the same market, you have to do a market strategy to know if you are able to get into the new market.

5 0

3 years ago

Jamison Company reports depreciation expense of $50,000 for Year 2. Also, equipment costing $170,000 was sold for a $6,000 gain

asambeis [7]

Answer:

$44,000

Explanation:

According to the scenario, computation of the given data are as follow:-

Depreciation on Sold Equipment

Particular Amount($)

Year 1-Accumulated depreciation 550,000

Year 2-Depreciation 50,000

Year 2 –Total accumulated depreciation 600,000

Less-Year 2-Reported depreciation 468,000

Depreciation on sold equipment 132,000

Received Cash from the Sale of Equipment

Particular Amount($)

Cost of equipment 170,000

Less-Depreciation on sold equipment 132,000

Written down value of equipment 38,000

Add-Profit on sale of equipment 6,000

Sale price of equipment 44,000

8 0

3 years ago

Justin and Edwardo were hired by the same network support firm. One year later, Edwardo receives a promotion to team leader. Jus

alexira [117]

Answer:

Team skills

Explanation:

Team skills are the qualities that enable one to work well with colleagues in projects and other collaborations. Having teamwork skills gives one the ability to work amicably with fellow workers, superiors, and clients.

Teamwork involves assisting the team in achieving its objectives quickly and efficiently. Employers favor employees who can lead a well-gelled team. Eduardo got the promotion because he was better with the team.

Some qualities of teamwork skills include.

Communication skills
Support skills
Problem-solving skills
Conflict resolution skill
Listens and feedback skill

7 0

3 years ago