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zheka24 [161]
2 years ago
7

1. Your friend wants to retire and has $375,000. She expects to live for another 25 years, and she also expects to earn 7.5% on

her invested funds. How much could she withdraw at the beginning of each of the next 25 years and end up with zero in the account
Business
1 answer:
forsale [732]2 years ago
6 0

Answer:

Annual withdraw= $33,641.50

Explanation:

Giving the following information:

PV= $375,000

n= 25 years

i= 7.5%

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

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

Annual withdraw= (375,000*0.075) / [1 - (1.075^-25)]

Annual withdraw= $33,641.50

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Answer:

He has a teenage daughter that was pregnant or with a little child.

Explanation:

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Cheers.

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3 years ago
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Rainbow [258]

Answer:

Airline 2 offers low prices on long-distance flights and has long service times for its planes between flights.

Explanation:

Low Cost providing strategy is the strategy in which the services are provided at a lower cost and but the quality of service is acceptable, and is in fact good.

Where the price along with quality is decreased the low cost strategy is not followed.

As in the case of Airline 2 the cost is decreased for passengers and at the same time the service is also decreased.

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3 0
3 years ago
What are some reasons why the budget deficit and non budgeted spending have been adding more than $500 billion to the national d
bogdanovich [222]
There are numerous reasons, things like war, immigration, increased poverty, or things like unpredictable natural disasters. When a hurricane strikes and destroys entire cities and housing it has to be fixed quickly and that is spending that was not planned since you can't expect things like that. Wars often cost much more than what was planned because bad things happen and they need to be fixed. Immigration can lead to an increase in social welfare spending since not all immigrants find a job quickly and establish themselves in the society.
6 0
3 years ago
Hal Fritz purchased a $4,000 bond at 90. The annual interest is 5%. What was the cost of the bond? What was the annual interest?
stepan [7]
4,000×0.90=3,600
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3 years ago
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hammer [34]

The underground economy refers to used product sellers who sell in secondary markets. It is thought to make up 3-30% of the US gross national product.

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