1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
viva [34]
3 years ago
13

You have just retired with savings of $2 million. If you expect to live for 57 years and to earn 7% a year on your savings, how

much can you afford to spend each year (in $ dollars)
Business
1 answer:
galben [10]3 years ago
6 0

Answer:

Annual withdraw= $143,023.66

Explanation:

Giving the following information:

Present value (PV)= $2,000,000

Number of periods (n)= 57

Interest rate (i)= 7% a year

<u>To calculate the annual withdrawal, we need to use the following formula:</u>

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (2,000,000*0.07) / [1 - (1.07^-57)]

Annual withdraw= $143,023.66

You might be interested in
Sherrie Hymes holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 0.875. Stock Investment Bet
yuradex [85]

Answer:

The portfolio’s new beta will be 1.125

Explanation:

In this question, we are interested in calculating the portfolio’s new beta given the value of the beta of the stock which is used in replacing it.

We apply a mathematical approach here.

Mathematically;

Portfolio beta=Respective beta * Respective investment weight

=(50,000/200,000*1.5)+(50,000/200,000*0.8)+(50,000/200,000*1)+(50,000/200,000*1.2)

= 0.375 + 0.2 + 0.25 + 0.3 = 1.125

8 0
3 years ago
When using ___________, finalists are ordered from the most desirable to the least desirable based on results of discretionary a
Gennadij [26K]

When using <u>Ranking</u>, finalists are ordered from the most desirable to the least desirable based on results of discretionary assessments.

Operations control is chiefly worried about planning, organizing, and supervising inside the contexts of manufacturing, manufacturing, or the availability of services. As such, it's far delivery-focused, ensuring that a company correctly turns inputs to outputs in a green manner.

It actually approaches the cease-to-stop technique of shifting and storing elements of completed and unfinished goods. as an example, a vehicle production business enterprise will save and transfer automobiles (or their components) in a scientific manner.

The number one goal of operations control is to utilize the sources of the enterprise, to create such services or products that fulfill the needs of the clients, with the aid of offering “proper component at the right rate, vicinity and time”.

Learn more about Operations management here

brainly.com/question/26322690

#SPJ4

8 0
2 years ago
Quality improvement teams are groups of people from various work areas who define, analyze, and solve common production problems
pantera1 [17]

Answer: True

Explanation:

The quality improvement teams are groups of employees that are from various departments who come together and meet regularly in order to define, analyze, and then solve common production problems.

The aim of the quality improvement team is to improve the production process. This is achievable by them working on their methods.

4 0
3 years ago
When companies reward employees who report valid claims of corporate unethical conduct, what are they clearly encouraging?
weqwewe [10]
Whistleblowing!!!!!!!!
8 0
3 years ago
Your company started using a new shipping company two months ago. during your short relationship with the company, you notice th
Sloan [31]
<span>In this letter you want to make sure that you are being clear and concise, so as to avoid any confusion about what your relationship will be in the future (ended). This means that you want to avoid any potential legal liability, and explain yourself in order to show that you are being fair and reasonable in your request.</span>
3 0
3 years ago
Other questions:
  • Jana has spent the last year traveling to different operations for her company. She visited factories in Mexico and Thailand, a
    7·1 answer
  • The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?
    8·1 answer
  • As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of So
    5·2 answers
  • Splish Corporation reported the following for 2020: net sales $1,242,800, cost of goods sold $737,700, selling and administrativ
    14·1 answer
  • Which level of PPE uses APR/PAPR and also includes a chemical/splash over garment, double gloves and chemical resistant boots?
    10·1 answer
  • Under a perpetual inventory system, the amount of each type of merchandise on hand is available in the
    12·1 answer
  • Question five help please
    6·1 answer
  • Flesch Corporation produces and sells two products. In the most recent month, Product C90B had sales of $23,490 and variable exp
    11·1 answer
  • Oceanic, a venture capital firm, has the opportunity to invest in one of two firms that are in the process of globalizing. Macmi
    9·1 answer
  • The First National Bank has total deposits of $675,000 and excess reserves of $22,300. If the required reserve ratio is 9 percen
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!