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pychu [463]
3 years ago
13

Can you Help me with this question.

Business
1 answer:
quester [9]3 years ago
3 0
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Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20
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Answer:

withdraw amount  = 28532.45

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Explanation:

given data

present amount  = $275,000 bonus

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solution

first we get here Cumulative discount factor that is

Cumulative discount factor = \frac{(1-(1+r)^{-t}}{r}   .........................1

here r is rate and t is time period

put here value and we will get

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solve it we get

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and now we get  so here withdraw amount at the end of each of the next 20 years that is

withdraw amount = Present amount ÷ cumulative discount factor   ............2

put here value

withdraw amount = \frac{275000}{9.638148}    

solve it we get

withdraw amount  = 28532.45

so correct option is  a. $28,532

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3 years ago
A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares
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A computer reads a sequence from top to bottom and left to right? True or False
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