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
Debbie is a Financial Planner and charges her clients on a commission basis. For a particular month, Debbie makes three deals of
iVinArrow [24]

Answer

$400

Step by step explanation

Step 1: Total  of the three deal = $40,000

Commission = 1% = 1/100 = 0.01

Step 2: Find the commission for $40,000

Commission earned for the month = 0.01 *$40000

= $400

I hope you will understand this.

Thank you.

3 0
4 years ago
Read 2 more answers
!!!!! PLEASE HELP !!!!! In the text box below, enter one of your purchase goals. How much does this cost? You'll need to do some
DaniilM [7]

My objective is to buy a car and it is a second hand car. It costs 8000 dollars. I make about 700 dollars here in Peru I can save 100 dollars which means that I have to save for 80 months that it is about six years and a half. I haven't saved any single penny. I need to save for six years and a half. I can walk to the language school where I work so I can save some money. I can stop drinking soda that it is money that drains my pocket. I can stop buying many newspapers that also is money out of my pocket.

8 0
3 years ago
What factors have led darden to take its current approach to employee development and advancement?
olganol [36]
The factors that led Darden to take its current approach to employees development and advancement include the following:
1. Darden sees employees as very vital resources which can give a company a real competitive advantage.
2. The company promote employee inputs, appreciate their efforts and make it possible for workers to work their ways from the bottom of the ladder to the managerial positions.
5 0
3 years ago
You are reviewing a prototype refrigeration system developed by a Mexican manufacturing firm. The firm is eager to do business w
larisa [96]

Answer: i would say we will love to to do business with you however your product is UN safe. if you can make your product safe we will do bushiness with you.

Explanation:

5 0
4 years ago
How to gather customer feedback ​
jeka94

<em>There are many ways to gather customer feedbacks. Such ways are: </em>

<em>1. Use of survey forms in written and electronic process (by means of emails and online forms). - Letting customers to answer survey forms for you will let you know how you are performing in terms of customer satisfaction. Whether it is in a form of manual paper surveys or online surveys. </em>

<em>2. By calling and messaging your customers regularly. - If you cannot make time to create survey forms, you can call your clients directly to ask them about their satisfaction with your service. The advantage of this method is you can get the feedback right away and at the same time, you can hear it directly from the customers with full detailed explanation. </em>

<em>3. By establishing a page in social media and monitors it for their reactions and feedbacks. - social media can be a huge help when it comes to gathering customer feedbacks. Millions of people owned social media accounts even businesses. This method is faster among any other methods mentioned. </em>

<em>4. By having live chat support on your webpage and social media accounts. - You can also add live chat support in your webpage and social media account for complete customer feedback experience. </em>

<em>Customer Feedbacks are extremely important so you can know the things that you need to improve and you can know the current standards of your company if you are really helping your customers. Bad customer experience can lead to bad reputation. In order to change that reputation, you must know how the customer get into that situation and plan for a change of action.</em>

5 0
4 years ago
Other questions:
  • What is the single-most important cultural practice that can be done to suppress damage from most turf-insect pests?
    6·1 answer
  • Why is it important to conduct market research on your target audience before building your marketing plan?
    14·1 answer
  • A vendor offers to provide a $500 payment to a teacher for going “above and beyond” their normal duties and assisting the vendor
    14·1 answer
  • Of the 168 hours in aâ week, as a full timeâ student, you should spend how many hours per week on schoolâ work?
    7·1 answer
  • On December 30, 2019, Whitney sold a piece of property for $85,000. Her basis in the property was $40,000, and she incurred $1,2
    5·1 answer
  • There are a variety of types of conflict that can occur among channel members. If a hardware store down the street from our ice
    7·1 answer
  • Seth Goldman makes clear that innovation is essential for a small company to break into the packaged beverage market. In what wa
    8·1 answer
  • Choco Chocolata is a cookie company in Juarez, Mexico that produces and sells American-style chocolate chip cookies with extreme
    10·1 answer
  • User add controls to a form
    8·2 answers
  • When intra-entity transferred land is subsequently sold to an outside entity, any remaining deferred gain is recognized in the p
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!