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Inessa05 [86]
3 years ago
10

Suppose an individual makes an initial investment of $2,000 in an account that earns 8.4%, compounded monthly, and makes additio

nal contributions of $100 at the end of each month for a period of 12 years. After these 12 years, this individual wants to make withdrawals at the end of each month for the next 5 years (so that the account balance will be reduced to $0).A) How much is in the account after the last deposit is made? B) How much was deposited? C) What is the amount of each withdrawal? D) What is the total amount withdrawn?
Business
1 answer:
Akimi4 [234]3 years ago
5 0
Please answer please please thank you so
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During 2020, Lincoln Company hires seven individuals who are certified to be members of a qualifying targeted group. Each employ
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$16,800

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If the demand curve is linear and downward sloping, which of the following statements is not correct? Select one: a. Starting fr
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3 years ago
Explain how depth affects oxygen content in ocean water.
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Explanation:

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5 0
2 years ago
vSelected financial data for The Portland Porcelain Works Coffee Mug Division is as​ follows: Sales $ 2 comma 000 comma 000 Oper
ioda

Answer:

Capital turnover = 2.5 times

Explanation:

given data

Sales =  $2,000,000

Operating income = $400,000

Total assets = $800,000

Current liabilities = $120,000

Target rate of return = 13​%

Weighted average cost of capital = 6​%

to find out

Portland Porcelain Works Coffee Mug Division capital​ turnover

solution

we get here Portland Porcelain Works Coffee Mug Division capital turnover that is find here by dividing sales by total assets

so

Capital turnover = \frac{sales}{total\ assets}     ......................1

put here value

Capital turnover = \frac{2,000,000}{800,000}

Capital turnover = 2.5 times

5 0
3 years ago
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