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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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f foreign investmentforeign investment fell by​ 100%, it would be cut in half.​ Thus, a decrease of​ 200% means that it would be
Sonja [21]

Answer:

if foreign investment fell by 100% it would be totally eliminated, so it not possible for it  to fall by more than 100%

Explanation:

Since in the question it is given that reduction of the western investment for the third world countries consist that foreign investment falls by 350% for the year 1990s

So if we go through the options, the wrong statement is the last one as it shows that the foreign investment fall by 100% i.e to be fully eliminated

Hence the other options are wrong

6 0
3 years ago
Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4
Maurinko [17]

Answer:

B. Debit Notes Receivable $4,000; credit Sales $4,000

Explanation:

Notice we are asked for hthe entry in the supplier's book:

The supplier will take the note thus, it will ahve a note receivable as in the future it expect to receive a cashflow.

The interest will be accrued over time, so are ignored for the moment

The supplier also has to recognize the amount of sales revenue earned with the sale.

4 0
3 years ago
Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the
Greeley [361]

Answer:

C

Explanation:

Cost=10000

Accumulated depreciation=3000

Sales price=9000

Net value=10000-3000=7000

Gain=9000-7000=2000

7 0
3 years ago
Which neighborhood quality of life issue is most affected by the overuse of alcohol?
WITCHER [35]

Neighborhood quality of life issue is most affected by the overuse of alcohol unemployment, poverty, poor family integration, and high residential mobility are known to contribute to a greater risk of alcohol problems.

Alcohol interferes with the mind's conversation pathways and might affect the manner the brain seems and works. those disruptions can trade mood and conduct, and make it harder to assume virtually and circulate with coordination.

Alcohol has massive poisonous consequences on the digestive- and cardiovascular structures. Alcoholic drinks are classified as carcinogenic by the global organization for research on most cancers and boom the threat of several cancer types.

To lessen the chance of damage from alcohol-associated sickness or harm, healthy men and women should drink no more than 10 general liquids every week and no extra than 4 standard liquids on any person's day.

Learn more about alcohol here:

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6 0
2 years ago
What are the opportunities of an entrepreneur
slavikrds [6]
Definition: the skill and risk taking ability of the person who brings the other resources or factors of production together to produce a good or service e.g. the owner of a business. These people are called entrepreneurs

Opportunities of an entrepreneur:
• involves the sale or lease of any product, service, equipment that will enable the purchaser-licensee to begin a business.
• invest in (multiple) businesses
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8 0
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