1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Price Adjustments This activity is important because as marketing managers set final prices, they start with the list (quoted) p
EleoNora [17]

Answer:

1. Discount

2. Geographical adjustments

3. Allowance

4. Discount

5. Allowance

6. Discount

Explanation:

1. Discount for early purchase and delivery order of chlorine and shock products

2. Geographical adjustment of price, due to shipping and handling costs

3. Allowance given to Raquel for the old ring; to help/encourage her purchase a new one (from the store)

4. Discount on the price or cost of purchase, for customers (like Joshua) who would buy more socks at a go

5. Allowance Capri Sun gives to Safeways Store, for every 15 cases of Capri Sun ordered and displayed in front of the store

6. Discount incentive/bonus Amazon is offering its Prime members. Take note of the nomenclature "Prime members". These are customers who make frequent orders or order a lot of products. Amazon is herefore offering a discount.

NOTE:

- A discount is offered to reduce the cost of purchase - which could be direct or indirect - while an allowance is given to encourage a business deal; as in numbers 3 and 5.

7 0
3 years ago
How can life expectancy and literacy rates affect the quality of labor in the economy?​
Veseljchak [2.6K]

Explanation:

Life expectancy and literacy rates can affect the quality of labor in the economy because if citizens are literate, they are educated and likely have white-collar jobs. Citizens who are illiterate likely have more manual labor jobs.A nation with lower fertility rates will usually have less people, and scarce resources will take longer to run out

5 0
2 years ago
Alonso, the union steward at Selzar Inc., is attempting to persuade members of management to make certain revisions to the compa
UkoKoshka [18]

Answer:

C. negotiating contracts

Explanation:

Discussing and Compromising on contract term in order to reach out final agreement between the company management and union at Selzar Inc.

6 0
3 years ago
The hotel manager received an offer to hold the local bikers' club annual meeting at the hotel in march, which is the hotel's lo
OleMash [197]
<span>Given that this is the hotels low season, and this would be a definite increase in income that the hotel would not normally get, the hotel manager should accept. 45 suites at $100/ night for 3 nights is a nice $13,500. That would be a nice profit in their low season.</span>
6 0
3 years ago
A norm is a behavioral role of conduct agreed upon by over one half of the group in order to establish behavioral consistency wi
FinnZ [79.3K]

Answer:

a. True

Explanation:

This statement is true as a norm is a widely accepted behavior or standard of doing things that <em>most people</em> in a society/group agree with. '<em>Over half  of the group' </em>can be considered as a majority . It is basically an informal guide on what is considered correct or incorrect and is about the behaviors of that aforementioned group.

5 0
3 years ago
Other questions:
  • Which of type of employees possesses high commitment and low task performance but performs many of the voluntary "extra-role" ac
    9·1 answer
  • Which of the following is NOT one of the reasons that globalization has taken place?
    6·1 answer
  • Organizations of skilled workers who band together for bargaining power.
    14·1 answer
  • Which kind of feasibility is concerned with whether the organization has the skills needed to properly apply a given technology
    9·1 answer
  • The short-run supply curve for an individual firm operating in a perfectly competitive market is:
    13·1 answer
  • " The high cost of implementing changes to infrastructure always raises questions about priorities. Should investments in infras
    12·1 answer
  • Identify each of the following terms or phrases as an accounting (a) principle, (b) assumption, or (c) constraint.
    9·1 answer
  • One of the disadvantages of the Six Sigma approach compared to the Kaizen approach is that: Select one: a. the lack of ownership
    5·1 answer
  • Malone Co. owned 70% of Bernard Corp.'s common stock. During November 2021, Bernard sold merchandise to Malone for $150,000. At
    10·1 answer
  • A ___ warranty promises replacement or refund for defective products.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!