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Lynna [10]
3 years ago
7

Approximately how much must be saved for retirement in order to withdraw $100,000 per year for the next 25 years if the balance

earns 8% annually, and the first payment occurs 1 year from now?
Business
1 answer:
Juli2301 [7.4K]3 years ago
6 0

Answer:

$1,067,477.62

Explanation:

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

PV of annuity = $100,000 x [ ( 1- ( 1+ 8% )^-5 ) / 8% ]

PV of annuity = $1,067,477.62

According to my calculations, in order to be able to withdraw $100,000 from an annuity earning 8% at the end of each of the next 25 years, the amount you would need to deposit now would be $1,067,477.62.

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In 2001, records showed that local stocks of fish were down worldwide. Yet, records of harvests indicated that fish were being t
Savatey [412]

Answer: China was making up figures

Explanation:

This question is based on the documentary film, ''The End of the Line'' which was done on the effects of fishing worldwide. In 2001, records showed that local stocks of fish were down around the world yet worldwide figures were increasing at a record rate.

The United Nations hired someone to investigate this and what he found was that Communist China was inflating the amount of fish they were harvesting so that they could look more efficient.

8 0
3 years ago
Glinda opens a magic shop and, on Jan. 14, 2011 contracted with Fiyero to supply her with potions that can change someone's skin
Tom [10]

Answer:

The likely outcoe could be,

Likely be:

- Glinda will win, because the statute of limitations starts to run on the date, she filed a suit, i.e. Feb.22, 2014.

- Glinda will win, because the statute of limitations starts to run from the time that the she discovered the breach, i.e. Jan. 17, 2014.

Likely not be:

- Glinda will lose, because the statute of limitations ran on Jan. 13, 2013, i.e. two years after the date the contract was entered on Jan. 14, 2011.

-Glinda will lose, because the statute of limitations requires a demonstration of attempt to cure.

7 0
3 years ago
Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
Gnom [1K]

Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

6 0
3 years ago
At the beginning of the video, Priya ends her presentation by asking her colleagues to imagine "a world where you never have to
olchik [2.2K]

Kurt Lewin developed a change model that talks about creating a perception in the mind of the people that a change is needed,then taking adequate steps to bring about that change and then standardizing the new mindset .

Explanation:

Priya is exhibiting the First stage (Unfreezing)of Kurt Lewin change model.

There are three stages of Kurt Lewin Model:

  1. Unfreezing:This stage talks about changing the mindset of the people by helping them understand why change is required
  2. Changing:Taking appropriate steps to bring about the change.In this stage people resist the change because they are in a state of confusion and are very unsure about the change.
  3. Freezing:This stage involves freezing the changes that have taken place.A stage where the changes have been standardized

In the Beginning of the video Priya is talking about bringing the change ,by asking the colleagues to imagine "a world where you never have to wait in line for your groceries again!"

4 0
4 years ago
A system that takes in resources from its external environment and converts them into goods and services that are then sent back
Ivenika [448]

Answer:

Open System

Explanation:

According to my research on different types of system structures, I can say that based on the information provided within the question the type of system being described is called an Open System. This system (like mentioned in the question) can be defined as a system that interacts with it's environment, which results in changes for the system as well as the environment.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
4 years ago
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