What do all trades have in common

Jennifer's pension plan is an annuity with a guaranteed return of 7% per year (compounded monthly). She can afford to put $300 p

givi [52]

Answer:

She will receive $3,494.95 per month.

Explanation:

Jennifer's pension plan is an example of a sinking fund.

A sinking fund is an account that earns compound interests and into which periodic payments are also made.

The formula for calculating the future value of payments in a sinking fund account is given as:

$FV=PMT\frac{(1+\frac{r}{n} )}{\frac{r}{n} } ^{n*t}$

where:

FV = Future value

PMT = periodic payment = $300

r = interest rate in decimal = 7% = 0.07

n = compounding period per year = monthly = 12

t = number of years compounded = 40

hence:

$FV=300\frac{(1+\frac{0.07}{12} )}{\frac{0.07}{12} } ^{12*40}$

$300*\frac{(1.005833)^{480}}{0.005833} =300* 2,795.96$

∴FV = $838,786.8

Finally, we are asked to calculate the amount she will be paid per month in a 20-year payout period, and this is shown below:

20 years = 12 months × 20 = 240 months

Therefore, amount to be paid in a 240 month period =

future value ÷ total number of months 838,786.8 ÷ 240 = $3,494.95

3 0

4 years ago

Justin works at a top accounting firm in Los Angeles and his responsibilities include writing letters, memos, and emails along w

Serhud [2]

Answer: Information Format.

Explanation:

Information Format refers to the manner in which an information is arranged when being passed onto the public. Justin at his place of work is in charge of how the information being passed out is arranged.

8 0

3 years ago

Harry is a 34 year old sergeant in the US Air force. He has been employed full time with the Air force since graduating from col

xz_007 [3.2K]

Answer:

Harry is NOT considered to be part of US labour force

Explanation:

The labour force as we know is made up of employed people and unemployed people. But, in some cases, some people or group are excluded automatically on basis of demographics and others excluded on the basis of the decision they make.

The Military which Harry is a part of is one of those groups that are automatically excluded from being in the labour force. This is because the military personnel are not considered to he part of the resources available for productive activities. Also, the employment rules in the military differs from the mainstream employment rules we know governing other bodies. Military personnel has no effect on productivity levels within the country. Hence, the reason why they are not considered as part of the labour force.

3 0

4 years ago

Read 2 more answers

Denti-Way Systems, a manufacturer of dental appliances, invented and patented a new x-ray machine that radically reduced mainten

Ronch [10]

Answer:

The correct answer is letter "C": international.

Explanation:

International business strategies are the systems used to plan and implement a series of actions driven to compete and place a company in the international market. The process implies analyzing and evaluating the target market, implementing the organization's operations abroad using innovative technology and strategies, and monitoring the results. At this stage, firms tend not to be worried about production costs until the entry of competitors.

7 0

3 years ago

A bilateral contract is one in which one side promises to perform in exchange for the other side's actions

ss7ja [257]

The statement is false.

Void and voidable contracts are one and the same. Exculpatory clauses are typically considered void towards public coverage. Covenants not to compete are commonly taken into consideration void as against public coverage.

A bilateral contract is a contract in which each party alternate guarantees to carry out. One birthday party's promise serves as consideration for the promise of the other. As a result, each party is an obligor of that birthday celebration's own promise and an obligee of the opposite's promise.

A contract wherein the events trade a promise for a promise is referred to as a Bilateral contract, whereas a contract wherein one birthday party gives a promise and the other birthday celebration performs an act is known as a Unilateral settlement. these legally enforceable promises can be in writing or oral.

Learn more about the bilateral contract here brainly.com/question/13741271

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8 0

2 years ago