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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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Zolol [24]
Speed = distance/time
           = 265/5
           = 53 mph

hope this helps :)


4 0
3 years ago
Which of the following statement is not true about the Project stakeholders?
xxMikexx [17]

I think d is the answer

Explanation:

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4 0
3 years ago
Alice earned $12 per hour. What equation shows the relationship between her
LenaWriter [7]

<em><u>The equation shows the relationship between her  weekly salary (w), hours per week (h), and rate per hour (r) is:</u></em>

w = h \times r

<em><u>Solution:</u></em>

Given that,

Alice earned $12 per hour

1 hour = $ 12

<em><u>Find the number of hours in 1 week</u></em>

1 day = 24 hours

1 week = 7 days

Therefore,

1 week = 7 x 24 = 168 hours

Let "h" be the hours per week

let "r" be the rate per hour

Let "w" be the rate per hour

From given,

r = $ 12

h = 168 hours

weekly salary = hours per week x rate per hour

w = h \times r

w = 168 \times 12\\\\w = 2016

Thus, she earns $ 2016 for 1 week

5 0
3 years ago
Read 2 more answers
A married couple is trying to conceive a child. The man works outside during the hot summer months and is also taking medication
Ymorist [56]

Answer:

Hi

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Explanation:

5 0
3 years ago
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Ghella [55]

Answer:

No

Explanation:

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The procedure described in this case is a deviation of simple random sampling. It is stratified random sampling.

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Subdividing vehicles by their make is creating strata or subgroups.

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