Answer:
The answer is $289,640.08
Explanation:
Solution
Given that:
You want to make a withdrawal of the amount = $100,000 per year
Number of years = 20
Interest per year = 8%
Now,
Let the current balance required is X
The amount in bank due to the interest after 19 years =X(1+0.08)^19
This should be equal to the 100,000 drawn forever.
Thus,
X(1.08)20-100,000=A(1.08)19 [i.e after drawing $100,000 a year later, this same amount should remain]
Hence,
X = $289,640.08
Therefore the amount you will have to have in your retirement account in year 0 is $289,640.08
Seven hundred and four women aged between 65 and 99 years (mean age 74.6 years), who were randomly selected from the community, took part in a study to determine whether health and lifestyle factors were associated with falls.
<h3><u>What exactly are fall epidemiology and fall-related injuries?</u></h3>
66.1 percent of the individuals had no falls in the year prior to the study, 19.7 percent had one fall, and 14.2 percent had two or more falls. As women aged, the percentage of falls occurring inside the home on a level surface increased and the percentage of falls occurring outside the home declined.
Trips, slips, and loss of balance were the most frequently reported reasons for falls. A small percentage (27%) of people who fell injured themselves, and the likelihood of injury rose with age. Significantly more falls occurred in people whose health and balance was judged as being impaired, who had limitations with daily living tasks, were receiving community assistance, used psychoactive substances, and were using four or more drugs.
Conversely, people who engaged in scheduled exercise and were active for seven or more hours per week saw fewer falls.
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If a new poverty measure were calculated to include wealth (total debts subtracted from total assets), that new poverty measure would reflect the fact that since the definition of poverty includes both wealth and income, it has taken on a two-dimensional form, meaning that different people with the same level of wealth may have different poverty levels. Similar to this, individuals with the same income level may have various levels of poverty.
Access to clean water, food, shelter, and clothing are examples of basic needs that can be used to gauge one's level of poverty. It has been proven that people can earn enough money to cover their basic needs but still spend it poorly.
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Answer:
a. Revenues, expenses. and dividends - Temporary accounts
b. List of permanent accounts and their balances - Post-closing trial balance
c. Transfer of temporary balances to retained earnings - Closing entries
d. List of permanent and temporary accounts and their balances - Adjusted trial balance
e. Assets, liabilities, and stockholders' equity - Permanent accounts
Answer:
The slope of the CML = (13% - 7%)/25% = 0.24
Explanation:
Given that:
expected rate of return of 17%
standard deviation of 27%.
The T-bill rate is 7%.
You estimate that a passive portfolio invested to mimic the S&P 500 stock index yields an expected rate of return of 13% with a standard deviation of 25%.
The slope of the CML is
Slope of the CML = (Expected return of Market - Risk free return)/Standard deviation of market
The slope of the CML = (13% - 7%)/25% = 0.24
= (0.13 - 0.07) /0.25
= 0.24
