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
777dan777 [17]
3 years ago
9

You are planning your retirement in 10 years. You currently have $172,000 in a bond account and $612,000 in a stock account. You

plan to add $6,800 per year at the end of each of the next 10 years to your bond account. The stock account will earn a return of 10.5 percent and the bond account will earn a return of 7 percent. When you retire, you plan to withdraw an equal amount for each of the next 23 years at the end of each year and have nothing left. Additionally, when you retire you will transfer your money to an account that earns 6.25 percent.How much can you withdraw each year in your retirement? Do not round intermediate calculations and round your answer to 2 decimal place.Annual withdrawal amount $ _____

Business
1 answer:
Paha777 [63]3 years ago
3 0

Answer: annual withdrawal limit is $173,977.05

Explanation:

below is an attached image of the solved problem.

i hope you find it useful.

⇒ The annual withdrawal limit is $173,977.05

cheers i hope this helps!!!!

You might be interested in
On May 18, Rodriguez Co. issued an $84,000, 6%, 120-day note payable on an overdue account payable to Wilson Company. Assume tha
ankoles [38]

Answer:

c. Rodriguez is the borrower and debits Accounts Payable

Explanation:

Rodriguez Co will :

  1. De-recognise the Trade Payable - Wilson Company
  2. Recognise a Financial Liability to Wilson Company

Wilson Company will :

  1. Recognise an Investment or FA in Rodriguez Co
  2. De-recognise the Trade Receivable - Wilson Company
7 0
3 years ago
Shelli manages a small boutique in Israel. Her intern just approached her with a new design for her Web site. Shelli likes the d
balu736 [363]

Answer:D. Property

Explanation:

The intellectual property is known as the non-material assets of a company that involves knowledge and company identity; it may include image, know-how, brands, patents, company name, etc. When Shelli rejects to use a design found on the internet, she respects the intellectual property of another company and protect her small boutique from a possible legal infringement.

8 0
3 years ago
Using a payoff matrix to determine the equilibrium outcome Suppose there are only two firms that sell Blu-ray players: Movietoni
Marina CMI [18]

Answer:

pricing low

yes

Explanation:

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing.

Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

if either firm charges high, they either earn 11 million or 2 million.

if either firm charges low, it would earn either 15 million or 8 million.

because the payoffs of charging low is higher than the payoffs of charging high, the best strategy is for the firms to charge low if there is no cooperation.

the game is a prisoners dilemma because the choice the firms make isn't the choice that will yield the highest payoffs. the choice that would yield the highest payoffs is to both charge high prices.

4 0
3 years ago
Suppose you deposit ​$ cash into your checking account. By how much will the total money supply increase as a result when the re
amid [387]

Answer:

If the required reserve ratio is 0, that means that the money multiplier will be infinite. I guess the question is incomplete.

I looked for similar questions to fill in the blanks:

If you deposit $2,400 and the required reserve ratio is 0.4, then by how much does the money supply increase?

first we must determine the money multiplier = 1 / required reserve ratio = 1 / 0.4 = 2.5

to determine the total effect on the money supply we just multiply the deposit by the multiplier = $2,400 x 2.5 = $6,000 increase.

7 0
3 years ago
As a firm's sales grow, its current assets also tend to increase. For instance, as sales increase, the firm's inventories genera
yanalaym [24]

Answer: True

Explanation:

Current assets are the assets that a company had and which are expected to be either used or sold over the next year. Examples of current assets are cash, cash equivalents, stock inventory, accounts receivable, marketable securities, and other liquid assets.

It should be noted that when the sales of a from continue to grow, the current assets of such company also increases. An example is when there is an increase in the sales increase, this.will also have an impact on the firm's inventories as there will be an increase.

6 0
3 years ago
Other questions:
  • Annual starting salaries for college graduates with degrees in business administration are generally expected to be between 3000
    14·1 answer
  • Paulette goes to an electronic store to purchase a refrigerator. After comparing the technical features, prices, and durability
    12·1 answer
  • Quantity demanded: a. shows how much sellers are willing and able to sell at different prices. b. is the amount that buyers are
    15·1 answer
  • The traditional view of monopolistic competition holds that this type of industrial structure is inefficient because a. more adv
    14·1 answer
  • William is a single writer (age 35) who recently decided that he needs to save more for retirement. his 2017 agi is $65,000 (all
    15·1 answer
  • Because stocks rely on dividends as the principal source of cash flow, ascertaining stock prices is an easier and more precise p
    15·1 answer
  • A machine can be purchased for $60,000 and used for five years, yielding the following net incomes. In projecting net incomes,
    15·1 answer
  • Elm Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $420,000
    11·1 answer
  • You need to answer all questions about the case "IKEA Entering India, Finally" Make sure that your submission (paper) should ref
    6·1 answer
  • How do i buy a ring for my super hot fine dad non-existent future novio?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!