The advantage of having many potential suppliers is their willingness to A. provide technical expertise. B. participate in JIT.
1 answer:
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Answer:
C $ 3,113.036
Explanation:
First step will be calcualte the future value of the bond and stock funds:
C 1,100
time 180 ( 15 years x 12 months)
rate 0.005833333 (7% divided into 12 months)
PV $348,658.5264
C 500
time 180
rate 0.003333 (4% divided by 12 months)
PV $123,045.2441
total fund: 348,658.5264 + 123,045.2441 = 471,703,7705
Then this will be placed to yield 5% and we will do motnly withdrawals:
we need to calcualte the PTM of this annuity:
PV $471,703.77
time 240
rate 0.004166667
C $ 3,113.036