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Dahasolnce [82]
2 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]2 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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oee [108]

True: Zappos sells all four categories of consumer products (convenience, shopping, specialty, unsought).

Zappos carries products that are speciality and unsought by consumers.  Using their website, you are able to conveniently order your products with customer service readily available to help. Zappos is convenient because they carry a wide-range of products, brands and styles. They have free shipping and free returns all year, which is something most retailers do not offer.

6 0
3 years ago
Read 2 more answers
MaltHanks Inc., a leading American firm, starts its operations in China. It incurs a lot of additional costs in comparison to th
asambeis [7]

Answer: Liability of foreignness

Explanation: In simple words, the extra cost incurred by a company operating in a foreign country as compared to the local companies over there is called the liability of foreignness.

In the given case, the American company incurred extra cost in china due to their lack of local knowledge and discrimination from the locals.

Thus, from the above we can conclude that Malt hanks faced liability of foreignness.

5 0
2 years ago
What makes the demand for u. s. dollars change? in world demand for u. s. exports ______ the demand for u. s. dollars. a in the
loris [4]

In the world demand for US, exports <u>increase</u> the demand for US dollars. a in the US interest rate differential <u>decreases</u> the demand for US dollars

An interest rate tells you how excessive the cost of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest charge is the quantity you're charged for borrowing cash, proven as a percentage of the total amount of the mortgage.

Traditionally, the guideline of thumb is that refinancing is a superb idea if you can reduce your interest rate by way of a minimum of 2%. but, many creditors say 1% financial savings is sufficient of an incentive to refinance.

As interest rates circulate up, the value of borrowing becomes more costly. because of this call, lower-yield bonds will drop, causing their price to drop. As interest prices fall, it will become less complicated to borrow money, and plenty of corporations will issue new bonds to finance growth.

Learn more about interest rates here brainly.com/question/2151013

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5 0
1 year ago
50 points
Anna11 [10]
I would go with D because it makes more sense
8 0
2 years ago
Brush Industries reports the following information for May: Sales $ 915,000​ Fixed cost of goods sold 103,000​ Variable cost of
VMariaS [17]

Answer:

$559,000

Explanation:

Data provided as per the question below:-

Sales = $915,000

Variable cost of goods sold = $253,000

Fixed cost of goods sold = $103,000

The computation of gross margin is shown below:-

Gross Margin = Sales - Variable cost of goods sold - Fixed cost of goods sold

= $915,000 - $253,000 - $103,000

= $915,000 - $356,000

= $559,000

6 0
3 years ago
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