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Sveta_85 [38]
4 years ago
11

Once you’ve saved 25 years for retirement, how much can you draw from the retirement account over the next 30 years? In cell B14

, enter a formula to calculate how much you can pay yourself from the retirement account every month.
Business
1 answer:
Ganezh [65]4 years ago
7 0

Answer:

you have to use the payment formula in excel:

=PMT (rate, nper, pv, [fv], [type])

where:

  • rate = the interest rate earned by your retirement account . If the distributions re annual, then use the annual rate, if the distributions are monthly, then you must adjust the effective monthly rate.
  • nper = number of distributions. Assuming that you will only withdraw once a year, then nper = 30. If you are going to collect monthly distributions, then nper = 360.  
  • pv = the present value of your retirement account.  
  • fv (optional) = by default it = 0, so it is correct for this problem.  
  • type (optional) = by default the payments are considered an ordinary annuity, which should work in this case.

for e.g., assuming that you have $1,000,000 in your retirement account, you can earn 6% interest rate and you will receive 30 distributions.

=PMT (6%,30,1000000, [fv], [type]) = -$72,648.91

Excel uses a minus sign because the principal will decrease as distributions are made.

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Francesca withdrew $7,000 from B shares that she owned in the Already Been Counted mutual fund within one year of her purchase.
pochemuha

Answer:

$6,650

Explanation:

Francesca must subtract the contingent deferred sales fee from the total amount that she will withdraw, so we first calculate the contingent deferred sales fee:

contingent deferred sales fee = $7,000 x 5% = $350

Actual cash received = total amount withdrawn - contingent deferred sales fee = $7,000 - $350 = $6,650

6 0
4 years ago
If Kohlberg was correct about the six universal stages of moral development, a consequence of adults not passing beyond level 2
allochka39001 [22]

Answer:

If Kohlberg was correct about the six universal stages of moral development, a consequence of adults not passing beyond level 2 ( that is, following rules only if it is in their own interest but letting others do the same and conforming to secure rewards) results in;

a. managers may behave unethically since they haven't achieved moral maturity

Explanation:

The six universal stages of moral development conceived by Lawrence Kohlberg are a guideline of the different dimensions that an individual has to pass through to achieve moral maturity. Lawrence Kohlberg was inspired by the works of Jean Piaget while studying at Psychology at the University of Chicago. He theorized that moral reasoning which forms the foundation for ethical behavior can be categorized into six distinct development stages,namely;

1. Obedience and punishment orientation

2. Self-interest orientation

3. Interpersonal accord conformity

4. Authority and social-order maintaining orientation

5. Social contract orientation

6. Universal ethical principles

The above are all the levels involved in the universal development of morality. Each stage is important in the development of strong ethical principles of a person. When an adult doesn't go beyond a certain stage, there will be negative consequences in there personal life when faced with a moral dilemma. For example when one doesn't pass through the level dealing with self interest orientation, they will tend to behave unethically since they haven't passed through all the moral development stages. Such individuals are known as morally immature.

3 0
3 years ago
Economic growth will reduce the future real GDP of an economy. expand the production possibilities of an economy. increase an ec
nikklg [1K]

Answer:

The correct option is B. expand the production possibilities of an economy.

Explanation:

Economic growth can be defined as the increase in an economy's production of economic goods and services, often compared from one period of time to another. It can be measured in any of the following:

  • Nominal or real (adjusted for inflation) terms.
  • Gross National Product (GNP)
  • Gross Domestic Product (GDP), etc.

Contributors to economic growth include:

  • Increases in capital goods.
  • Increase in labor force.
  • Technology.
  • Human capital.

In simplest terms therefore, economic growth is used to refer to an increase in the aggregate production in an economy.

5 0
3 years ago
Lamar is a salesperson for bi-state direct. he really appreciates the amount of freedom and authority bi-state gives its sales p
lapo4ka [179]

Answer:

D . Empowerment

Explanation:

Empowerment refers to an authority or a power that is to be provided to someone in order to do something.

Here in a given case, it is represent that Lamar who is a sales person and he appreciated for the authority he have with respect to meet out the customer needs

so here this situation refers to the empowerment as he is fully utilizing his power to accomplish the company objective

4 0
4 years ago
Because poor people areless likely to have __________ adequate healthcare, guaranteeing everyone in society the best healthcare
11Alexandr11 [23.1K]

Answer:

attached

Explanation:

3 0
4 years ago
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