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rewona [7]
3 years ago
14

You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the

account needs to hold to make this possible. Round your answer to the nearest dollar.
Business
1 answer:
SpyIntel [72]3 years ago
3 0

The question is incomplete. The complete question is :

You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.

Regular withdrawal    $ 2200

Interest rate                        2%

Frequency                   Monthly

Time                                20 years

Solution :

Given :

Monthly withdrawal = $ 2200

Interest rate = 2%

Frequency = monthly

Time = 20 years

        = 20 x 12 = 240 months

Formula used :

$w=\frac{[PZ^{r-1}(Z-1)]}{[Z^Y-1]}$         with Z = 1 + r

where, w = monthly withdrawal

P = principal amount

r = monthly interest rate

Y = Number of months

So, w = 2200

     r = 2% = 0.02

     Z = 1 + r

        = 1 + 0.02 = 1.02

Y = 240

Therefore,

$2200=\frac{P(1.02)^{240-1}(1.02-1)}{(1.02)^{240-1}(1.02-1)}$

$P=\frac{2200(115.888-1)}{113.6164(0.02)}$

   = 111,231829

   ≈ 111,232 (rounding off)

Thus, the account balance = $ 111,232

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<u>Answer:</u>

<em>(A) There is a disparate impact on males as research technicians. </em>

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<u>Explanation:</u>

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4 0
3 years ago
Company A has sales of $500,000, variable costs of $350,000, and fixed costs of $150,000. Company A has ______.
IgorC [24]

Company A has: Reached the break-even point  and Company A's contribution margin equals the fixed costs.

<h3>What is break even point?</h3>

Break even point is the point in which a company neither make gain or loss.

Based on the information given company A  has reached the break-even point because there is no gain or loss.

Company A's contribution margin also equals the fixed costs.

Contribution margin=Sales-Variables cost

Contribution margin=$500,000-$350,000

Contribution margin=$150,000

Contribution margin equal fixed cost of the amount of $150,000.

Inconclusion Company A has: Reached the break-even point  and Company A's contribution margin equals the fixed costs.

Learn more about break even point here:brainly.com/question/9212451

6 0
2 years ago
An individual consumes products X and Y and spends $36 per time period. The prices of the two goods are $3 per unit for X and $2
vekshin1

Answer:

a) 3X + 2Y = 36

b) X = 6 , Y = 9

c) 27

Explanation:

Individual consumes : X and Y

Spends : $36 per time period

unit cost : $3 per unit for X

                 $2 per unit for Y

utility function : U( X, Y ) = .5XY

<u>A) Budget equation mathematically</u>

X* Px + Y* Py = M

3X + 2Y = 36

Px and Py = unit cost for X and Y

M = Total spent ( revenue )

<u>b) Values of X and Y that will maximize utility </u>

Maximum utility ( MRS )  = Px / Py ,

MRS = MUx / MUy

 = Y/X  = 3/2

∴ 2Y = 3X

From BC : 6X = 36 ( X = 6 plug into mathematically equation above )

∴ X = 6 , hence Y = 9

<u>c) Total utility generated per unit of time </u>

U( X,Y ) = .5XY

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6 0
3 years ago
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Answer:

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Education and research and development usually generate positive externality.

Activities that generate positive externality are usually under produced in the economy due to the high cost of production.

The government can encourage production of activity that generates positive externality by giving subsidy.

I hope my answer helps you

7 0
3 years ago
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