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Rudiy27
3 years ago
8

A worker age 40 wishes to accumulate a fund for retirement by making deposits of $1000 at the beginning of each year for 25 year

s. Starting at age 65 the worker retires, and plans to make annual withdrawals of $x at the beginning of each year, for 10 years, at which point the fund will be depleted. Assuming that all payments are certain to be made, find the amount of each withdrawal starting at age 65 to the nearest dollar, if the effective rate of interest is 8% for the first 25 years and 7% thereafter.
Business
1 answer:
Nookie1986 [14]3 years ago
6 0

Answer:

$10,408.62

Explanation:

annual contribution $1,000

n = 25 years

i = 8%

FV annuity factor, 8%, 25 periods = 73.106

future value = $1,000 x 73.106 = $73,106

annual distribution = PV (at age 65) / PV annuity factor

i = 7%

n = 10

PV annuity factor, 7%, 10 periods = 7.0236

annual distribution = $73,106 / 7.0236 = $10,408.62

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Answer:

B. the percentage change in the quantity demanded divided by the percentage change in price.

Explanation:

The formula to compute the price elasticity of demand is shown below:

= (Percentage change in quantity demanded ÷ Percentage change in price)

where,

The Percentage change in quantity demanded equals to

= (New quantity -  old quantity) ÷ ((New quantity + old quantity)

And, the Percentage change in price equals to

=  (New price -  old price) ÷ ((New price + old price)

4 0
3 years ago
A _________ forecast predicts the future cash inflows and outflows in future periods.
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A cash flow forecast predicts future cash inflows and outflows in future periods.

<h3>What is a cash flow?</h3>
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  • A business's cash flow is constantly in and out.
  • A cash flow forecast anticipates future cash inflows and outflows.
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  • When business units are highly seasonal, cash outflows can vary significantly.

Therefore, a cash flow forecast predicts future cash inflows and outflows in future periods.

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4 0
2 years ago
Because amazon prime offers super-fast, free shipping, many other retailers have had to offer the same type of shipping in order
kakasveta [241]

Because amazon prime offers <u>super-fast, free shipping, many other </u><u>retailers</u> have had to offer the same type of shipping in order to compete. This is an example of <u>horizontal channel conflict</u>.

What is amazon prime?
A paid subscription model from Amazon called Amazon Prime is accessible in many different countries and grants users access to extra services that would otherwise be either unavailable or priced higher for other Amazon customers. <u>Services include grocery shopping, streaming music, video, and e-books, as well as same-day, one- as well as two-day delivery of goods</u>. Amazon stated that Prime had more over 200 million subscribers worldwide as of April 2021. In Australia, Canada, Germany, Italy, this same United Kingdom, India, as well as the United States, Amazon Prime membership also grants access to Amazon Video, which offers free instant streaming of a limited number of movies and TV shows. The Kindle Owners' Lending Library, that also enables users to borrow up to one popular Kindle e-book per month, was made available to Prime members in November 2011.

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3 0
2 years ago
___________ involves defining the firm's marketing mix variables so that target customers have a clear, distinctive, desirable u
jarptica [38.1K]

Answer:

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Positioning (or product positioning) is how the product is designed to be perceived in the marketplace by the target market against its main competitors. In other words, it’s basically how consumers understand the product offering and how it differs from similar competitive offerings.

4 0
3 years ago
The tax rates are as shown. taxable income tax rate $0 – 50,000 15% 50,001 – 75,000 25% 75,001 – 100,000 34% 100,001 – 335,000 3
Goshia [24]
To get the answer, first you have to identify at which rate is your taxable income falls. From the rage of <span>100,001 – 335,000, it have 39%. Then you will just simple multiply it.
Income x 0.39 = tax rate
the answer is </span><span>$</span>50,510.07.
3 0
3 years ago
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