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
N76 [4]
3 years ago
11

Nadine is retiring today at age 66 and expects to live to age 82. She has $136,000 in her retirement savings account. She is som

ewhat conservative with her money and expects to earn 6 percent during her retirement years. How much can she withdraw from her retirement savings each month if she plans to spend her last penny on the morning of her death?
-$1,416.08
-$909.92
-$1,103.56
-$847.78
-$919.46

Business
1 answer:
Natali [406]3 years ago
6 0

Answer:

$1,103.56

Explanation:

In this question, we use the PMT formula that is shown in the attachment. Kindly find it below:

Provided that

NPER = (82 - 66) × 12 = 192

Present value = $136,000

Future value = $0

Rate of interest = 6% ÷ 12  months = 0.5%

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $1,103.56

You might be interested in
Explain the tax implications of compensation in the form of salary and wages from the perspectives of the employee and employer.
PtichkaEL [24]

Answer:

The overview including its situation becomes discussed below.

Explanation:

  • Representatives provide Form W-4 continue providing recruitment information to another boss. Staff may use the W-4 to track retention mostly during the period as persistence becomes handled as if it has been maintained similarly mostly during the period again for benefits of the imposed fee.
  • Employer's post-tax benefit of wages seems to be the benefit of employment minus the charitable donation of compensation.
  • Throughout the case of open marketplace collaborations, the task presumption towards anti-performance compensation charged to something like the CEO as well as the 3 although the most deeply compensated officials, except the CFO, increases limited to $1,000,000 per individual annually.
3 0
2 years ago
Christian and Monica are married and are both in good health with reasonably secure careers. Christian and Monica have annual in
scZoUnD [109]

Answer:

$81,750

Explanation:

The computation of the amount of total insurance is shown below:

= (Home mortgage loan + car loans + personal debts + credit card loans) ÷ 2  + estimated funeral cost

= ($120,000 + $10,000 + $14,000 + $7,500) ÷ 2 + $6,000

= $75,750 + $6,000

= $81,750

Under the DINK method, we simply half of the items except funeral cost

5 0
3 years ago
Lin Wai's company, New Home Builders Corp., specializes in designing homes that have wide hallways and walk-in showers that coul
love history [14]

Answer:

strengths

Explanation:

A SWOT analysis includes strengths, weaknesses, opportunities and threats:

  • strengths: analyses what does your company do well and distinguish it from the competition.
  • weaknesses: analyses what are your company's weak spots and what does your competition do better than you.
  • opportunities: new situations that can favor your company.  
  • threats: situations that can negatively affect your company.  
8 0
2 years ago
I need money :/ how do you make an online business
svp [43]
You could sell things on Etsy
4 0
2 years ago
Read 2 more answers
Firms will typically maintain a list of research and development projects ranked by expected rate of return. Expected rate of re
ddd [48]

Expected rate of return is defined as the amount of money an individual gets on investment.

<h3>What is expected return?</h3>

The expected return is the amount of profit or addition on money invested that an individual who is an investor is expected to get after a periods of time on the investment.

Therefore, expected rate of return is defined as the amount of money an individual gets on investment.

Learn more on rate of return below

brainly.com/question/16725994

#SPJ1

4 0
1 year ago
Other questions:
  • Maura has started a full-time job as an accountant at a nonprofit organization. Which tax paperwork is she likely to receive dur
    10·1 answer
  • One of the steps the U.S. Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm
    10·1 answer
  • True or false<br> Price fluctuations or changes help to clear the market
    7·1 answer
  • Today, expenditures worldwide on all forms of promotion exceed:
    7·1 answer
  • Suppose you deposit $10,000 into an account earning 6% interest (compounded annually). How much will you have in 10 years?
    13·1 answer
  • Under absorption costing, a company had the following unit costs when 10,000 units were produced:DL: $2 per unitDM: $3 per unitV
    10·1 answer
  • In 2018, Borland Semiconductors entered into the transactions described below. In 2015, Borland had issued 180 million shares of
    5·1 answer
  • Inventory and safety stock planning ________. leads to the development of the overall demand forecast leads to the development o
    5·1 answer
  • Starbucks is opening a location in China every 15 hours, and just opened its largest location in the world in Shanghai. Which me
    13·1 answer
  • Explain how and why each of the following factors would influence current aggregate demand in the United States: a. increased fe
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!