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kogti [31]
3 years ago
6

Your friend decides that he needs to receive a retirement payment of 70,000 dollars per year from a retirement fund that is proj

ected to earn 8.5% per year. He is planning on a 20 year retirement. How much money does he need to have on hand when he retires, in order to fund this? Group of answer choices
Business
1 answer:
damaskus [11]3 years ago
7 0

Answer:

Explanation:

This is an Ordinary Annuity question. You can solve this using a financial calculator. I'm using (TI BA II Plus)

N; duration = 20

I/Y ; interest rate per year = 8.5%

PMT ; recurring annual payment = 70,000

FV; Future value = 0 (In solving annuities, use 0 if not given)

then CPT PV = ?

PV = 662,433.563

Therefore, your friend needs to have $662,433.56

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The management of Computer Rescues, Inc. finalized the company's action plan for increasing its market share over the next few y
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Answer:

Operating plan.

Explanation:

Operational planning is the process of converting strategic goals to tactical goals by setting milestones to be achieved within a given time. An operating plan defines the daily tasks of a business aimed at meeting organisational goals. It identifies:

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The demand for a product is inelastic with respond to price if:<br> a.consumers are
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When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to
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When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to:

B.) each individual creditor and a credit to cash.

When you liquidate a partnership, liabilities must be paid off before partner's investments can be returned to them. In this way, all creditors will be satisfied even if the partner's capital experienced a loss.
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3 years ago
The federal government doesn't have a capital budget; however, private enterprises do have a capital budget and when they invest
mote1985 [20]

Answer:

Hello the options in regards to your question is missing attached below is the complete question

Answer : Private enterprise's investments are in assets that are meant to increase production, which are going to earn revenues and pay for themselves. Thus, private enterprise's spending is unambiguously going towards investments. It is very difficult to determine when the federal government's spending is an investment. ( B )

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3 years ago
1. What arguments do Feingold and Heuvel offer in defense of Roosevelt?
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1. The arguments that these people put forward was to exonerate the president by saying the situation was beyond his control.

<h3>The argument that Feingold put forward</h3>

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<h3>The argument that Heuvel put forward</h3>

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2. What Michael meant was that it was not a common occurrence for the president to be silent on issues that are as pressing as this.

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Read more on  the holocaust here:

brainly.com/question/12962

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