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Dmitry_Shevchenko [17]
3 years ago
6

Harry Rawlings wants to withdraw $10,000 (including principal) from an investment fund at the end of each year for 5 years. How

should he compute his required initial investment at the beginning of the first year if the fund earns 6% compounded annually?

Business
1 answer:
Sergio039 [100]3 years ago
7 0

Answer:

$44,651.06

Explanation:

We use the Present value function for this question. The calculation is shown in the attached spreadsheet

Data are given in the question

Future value = $0

Rate of interest = 6%

NPER = 5 years

PMT = $25,000

The formula is shown below:

= PV(Rate;NPER;-PMT;FV;type)

After solving this, the present value is $44,651.06

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Why do people start any occupation? Write down in brief.​
Stels [109]

Explanation:

<em>people start any occupation in order to</em><em> </em><em>tl</em><em> earn money </em><em>generally</em><em> </em><em>but</em><em> sometimes occupation became a medium</em><em> to give </em><em>employment.</em><em>.</em><em> which is really </em><em>benefit</em><em> </em><em>our</em><em> </em><em> </em><em>country.</em><em>.</em><em>.</em>

8 0
2 years ago
Assuming a downward-sloping demand curve, a change in price, all held constant:a. May or may not result in a change in quantity
ziro4ka [17]

Answer:

d. Generates a change in quantity demanded.

Explanation:

Because in this case only the price is changing and all other factors are held constant the demand curve will not move and any movement that will take place will be along the demand curve. If the price increases the quantity demanded will decrease and if the price decreases the quantity demanded will increase, the reason for this is that the demand curve is downward sloping, therefore a price change will only change the quantity demanded.

7 0
3 years ago
When Hope Springs Water Co. was looking to complete the _________ phase of the new product development process, the company coul
My name is Ann [436]

Answer:

Idea generation

Explanation:

Based on the information provided within the question it seems that the phase that is being described is the Idea generation. This phase refers to the process creating new approaches for finding solutions to existing problems or creating new ideas/products. This phase requires a lot of research, input, and data analysis from many sources in order to generate the best ideas that will make the help the company succeed.

5 0
3 years ago
A company makes travel umbrellas. Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas per week is
Lady_Fox [76]

Answer:

Break-even point in units= 93 units

Explanation:

Giving the following information:

Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas per week are $500 for 2000 units.

After doing market research, the company sets the price per umbrella at $11.

Unitary variable cost= 500/2,000= $0.25

To calculate the break-even point in units, we  need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 1,000/ (11 - 0.25)

Break-even point in units= 93 units

3 0
3 years ago
An adult is swinging a small child by the arms, and the child screams and grabs his left arm. It is determined in the emergency
borishaifa [10]

Answer:

According to the information in the given question, type of dislocation that occur in the head is referred as subluxation.

Explanation:

According to the information in the given question, type of dislocation that occur in the head is referred as subluxation.

subluxation is type of dislocation that can occur either in joint or in any organ of the body. It is generally diagnose by analyzing the x- ray and it is not fixed for any part and it can occur in any part of the body.

If serious Subluxation occur than surgery may can happened especially when dislocation occur in back.

5 0
3 years ago
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