Answer:
He will have $102,979 in his retirement account in 10 years.
Explanation:
Annual Payment = $2,000
Number of Year = n = 10
Interest rate = i = 5%
Compounded Quarterly
Future value after 10 years
FV = A [ ( ( 1 + ( r / m )^mt ) - 1 / ( r / m )
FV = $2,000 [ ( ( 1 + ( 0.05 / 4 )^40 ) - 1 / ( 0.05 / 4 )
Future value = $102,979
So, Ira Schwab will have $102,979 in his retirement account in 10 years.
Answer:
I'm here to help
Explanation: Hey buddy, I can't help you if you don't put in a question- sorry-
Answer:
stockholders more since they are residual claimants
Explanation:
We expect that business cycles will affect stockholders more since they are residual claimants. Meaning that they receive their claims only after the more important precedent agents' make their claims. This is because a stockholder legally owns one or more parts (shares) of a specific company and therefore also inherits the risks of the company and are the last to be able to recover their money if the company crashes.
This is an example of sexual harassment.