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OLEGan [10]
3 years ago
12

You are ready to retire. A glance at your 401K statement indicates that you have $750,000. If the funds remain in an account ear

ning 9%, how much could you withdraw at the beginning of each year for the next 25 years
Business
1 answer:
Bumek [7]3 years ago
8 0

Answer:

Using the compounding formula we can calculate the amount that I will earn by calculating the difference between the Future value of the investment and the amount invested.

Step 1 Find Future Value

FV = Present Value * (1+r)^n

So

Future Value = $750,000 * (1+9%)^1

FV = $817,500

Step 2 Find the Difference between he Future value of the investment and the amount investment

And the amount invested is $750,000

The amount I can withdraw = FV less The amount invested

The amount I can withdraw = $817,500 - $750,000 = $67,500

So the amount that I will earn and I can withdraw annualy is $67,500.

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Rudiy27
<span>The answer to your question is 
</span>\boxed{\bf C.~backwards~induction}&#10;<span>

</span>
\bf Explanation:
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5 0
2 years ago
On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $3,300,000 four $5,000,000. Rigsby appropriately uses the
Flura [38]

<u>Solution and Explanation:</u>

Installment Receivables (Net) of $2,905,600

Basis  Particulars                                         Debit  Credit

Sale:-  Instalment Receivables  $5,000,000  

         Inventory                                               $3,200,000

 Deferred gross profit                                                  $1,800,000

Payment:-  Cash                         $4,90,000  

Instalment Receivables                                     $4,90,000

Deferred Gross profit                 $165,600  

Realised Gross profit                                              $165,600

Instalment Receivables ($5,000,000 minus $490,000) = $4,510,000

Deferred gross profit ($1,800,000 minus $165,600) = $1,634,400

Instalment Receivables (Net) = $2,875,600

8 0
3 years ago
Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One c
Mars2501 [29]

Answer:

D the demand for tarot card readers has increased.

Explanation:

At constant supply, price of goods or services tend to increase as demand increases. In this case, the demand for the services has increased, meaning that demand for tarot card reading has increased relative to the supply of the service. This has resulted in an increase in price of the service.

8 0
3 years ago
Which stage of the new product development process directly follows idea generation?
uysha [10]

Answer:

screening and evaluation

Explanation:

Screening and evaluation is the third step in a new product development process, and it should work like a funnel. All the ideas generated during the previous stage must be analyzed and only workable ideas should continue the process.

At this stage it is critical to reject poor new product ideas, and continue with viable new product ideas.

7 0
3 years ago
What is your assessment of the Under Armour’s performance downturn in North America that first appeared in the fourth quarter of
nikklg [1K]

Answer: The answer is given below

Explanation:

My assessment of the Under Armour’s performance downturn in North America that first appeared in the fourth quarter of 2016 was that Under Armour’s 2016 downturn was caused as a result of the reduction in the sale and earnings outlook.

Also, the weakened demand that occurred in North America had a negative effect on demand and resulted in the company dropping from 25.7% in the first quarter, to 21.5% in the second quarter and about 15.6% in the third quarter.

4 0
3 years ago
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