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Dahasolnce [82]
3 years ago
12

A retirement plan guarantees to pay you or your estate a fixed amount for 20 years. At the time of​ retirement, you will have​ $

31,360 to your credit in the plan. The plan anticipates earning​ 8% interest annually over the period you receive benefits. How much will your annual benefits​ be, assuming the first payment occurs one year from your retirement​ date?
Business
1 answer:
Annette [7]3 years ago
7 0

Answer:

Annual benefit = $3194

Explanation:

Given data:

Period of annuity = 20 years

Total  Amount of money at retirement time = $31,360

Rate of interest = 8%

annual benefit can be obtained b using given formula:

annual benefit  = \frac{total\ amount}{PV\ factor}

PV factor for given 8% rate for 20 year is 9.8181

Annual benefit =\frac{31,360}{9.8181} = $3194

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Jonathan recently sold his home and was able to take home $423,000 after paying the real estate broker's commission of 6%. If th
nordsb [41]

Answer:

$10,800

Explanation:

What Jonathan took home was after paying the commission which means that the amount is 94% because 6% is the commission paid. This means that 6% of the amount can be found by:

6% of the Gross amount (per-commission)

= Amount * %age we want / %age we are at = ($423000 * 6%/94%) = $27,000

And out of this $27000 the amount she received is 40% so 40 percent is $10,800 ($27000 * 40%).

7 0
3 years ago
Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Lei
kifflom [539]
Problem: Total of Leiff's online purchase 
Given: $ 128 for video game
5.3% discount price of the video game 
$4.75 shipping fee 
15% promotion for more the $50 orders 

Solution: 
<span>Total = [(85% x 128 )+ (5.3%  x 85% x 128) + 4.75]
</span>= 108.80 + 5.78 + 4.75 
= <span>$119.32</span>
6 0
4 years ago
Two years ago, Margo deposited $500 into a savings account. One year ago, she deposited an additional $300, and today she deposi
gregori [183]

Answer: none is correct.

Explanation:

Given data:

2 years ago = $500

1 year ago = $300

Today = $800

Solution:

PV ( presents value )

= p * r * t

Where:

p = principal ( $500, $300, $800 )

r = rate = 4%

t = duration (time) ( 2years, 1 year and present ).

= ( $500* 2 * 0.04 ) + ( $300 * 1 * 0.04 ) + $800

= $40 + $12 + $800

= $852

PV = $500 + $300 + $852

= $1,652.

3 0
3 years ago
Fred is a new employee who has been assigned to your team. This is the first time Fred has worked in your country. Aware that he
kotykmax [81]

Answer:

4.Teach Fred about how decisions are made and communicated, as well as how conflict is handled.

Explanation:

Cultural differences are an important topic when it comes to adjusting to a new workplace. However, no matter how much the new employee knows about a specific culture, it is up to the manager or team leader to help him adjust.

The most effective way to help him is by teaching him <em>how decisions are made and conflict is handled</em>, in a straightforward manner. Since Fred is working in a team and not individually, it is essential for him to learn the basics of conflict management, as conflict handling varies immensely from country to country.

The same is applicable for decision making. He could not know the decision making practice in his new environment upfront. Some environments may encourage a more liberal way of making decisions, while some propose a strict protocol when it comes to making even the most trivial decisions.

Of course, checking him periodically and making sure he knows you're there for him are practices that can do only good. However, they are not critical for the issue.

4 0
3 years ago
Deep mines has 14 million shares of common stock outstanding with a beta of 1.15 and a market price of $42 a share. there are 90
Ugo [173]
Check the attached file for the answer.

3 0
3 years ago
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