1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lubasha [3.4K]
3 years ago
11

Sally just today turned 25 years old and has decided to start a retirement program. Beginning in exactly one year (on her 26th b

irthday) she will dedicate the amount of $15,600 into a retirement account. In addition, at the end of each consecutive year for a total of 40 consecutive years, a new amount of $15,600 will be placed in the same account. At the time of her 65th birthday Sally will retire and will make the 40th deposit. She will begin to withdrawal annually to spend in her retirement from her 66th birthday. Her plan is for the annuity to continue for the next 25 consecutive years (for a total of 25 total withdrawals) until she turns 90.
a) Draw the timeline for Sally's retirement plan (starting from today)
b) What is amount she will be able to withdrawal per year if interest rates are 2%? (Hint: the first step is to solve for the total amount of balance in her account when she retires.)
Business
1 answer:
Lubov Fominskaja [6]3 years ago
8 0

Answer:

mdfjidddi hiifbffififfbfbdii

You might be interested in
What political reasons Government intervention in markets​
Varvara68 [4.7K]

Answer:

The main reasons for policy intervention by the government are:

To correct for market failures.

To achieve a more equitable distribution of income and wealth.

To improve the performance of the economy.

Explanation:

To correct for market failures: This is achieve by creating regulation institutions for the most important sectors in any given economy e.g. Federal Reserve, Treasury Department

To achieve a more equitable distribution of income and wealth: This is the aim of a develop economy to allocate the resources where needed and for that some countries rely in the government capability to prevent Monopoly creation or to protect its Internal Labor market.

To improve the performance of the economy.: In order to meet the economical agenda of any given government the institutions use variation on the interest rate, the government expenditure or the tax policies.

6 0
4 years ago
A cost accounting system: (Check all that apply.) is used to control costs of manufacturing activities. is used only with a perp
Deffense [45]

Answer:

is used to control costs of manufacturing activities

helps managers determine selling prices

Explanation:

A "cost accounting system" allows a business to examine its costs. The information of these costs are then collected in order to help the company control its costs and come up with<em> an estimate of their product's cos</em>t. An accurate cost allows a company to be profitable. So, this allows the managers to determine selling prices. Costs regarding manufacturing activities are also taken into consideration.

The cost accounting system is not only used with a perpetual inventory system. It can also be used with a periodic inventory system. It does not necessarily provide a general information used by investors, rather it provides an internal information. It can also adapt according to the needs of the company. Financial accounting provides information to the <em>outside investors.</em>

<em />

7 0
4 years ago
Upon acquiring a new computer operating system, management at Berryhill worried that computer virus might cripple the company's
IgorLugansk [536]

Answer:

Reduce

Explanation:

The answer is that Berryhill chose to reduce the risk of being crippled by computer virus. A risk refers to the potential of having a situation that can cause a negative effect or the loss of something important. In this case,  Berryhill reduced the risk because the company was worried that a computer virus would affect the operation and they decided to minimize this danger by installing an anti-virus and building a firewall.

8 0
3 years ago
When making college visits, you may be able to...
Pavlova-9 [17]
I think it'd be E. I hope that helps!

3 0
4 years ago
Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required i
dimulka [17.4K]

Answer:

16.7%

Explanation:

The simple rate of return is the annual net income divided by the initial investment in the proposed investment project.

The annual net income is the annual cash flow of $8,400 minus annual depreciation charge.

annual depreciation=cost -salvage value/useful life=($36,000-$0)/15=$2400

annual net income=$8,400-$2,400=$6000

simple rate of return =annual net income/initial investment

initial investment is $36,000

simple rate of return=$6,000/$36,000=16.7%

The second option,16,7% is the correct answer

8 0
4 years ago
Other questions:
  • In business, it stands for
    7·2 answers
  • Carla Corporation owns machinery that cost $24,800 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $
    7·1 answer
  • A homeowner has $80,000 of principal left to pay on her mortgage. Her home has just been appraised at $156,000, which is $13,000
    10·1 answer
  • The primary goal of the Consumer Financial Protection Bureau is:
    6·1 answer
  • Nell, single and age 38, had the following income and expense items in 2019: Nonbusiness bad debt $6,000 Business bad debt 2,000
    6·1 answer
  • Suppose Chef Plus manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 35. Chef Plus projects sales
    11·1 answer
  • Western Electric has 34,000 shares of common stock outstanding at a price per share of $83 and a rate of return of 12.80 percent
    14·1 answer
  • Roy agrees to work as a financial advisor on a commission basis for Secure Investments, Inc., and signs an employment contract t
    5·1 answer
  • Listed below are ten independent situations. For each situation indicate (by letter) whether it will create a deferred tax asset
    11·1 answer
  • A piece of conversation by post or hand<br>delivery is known as​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!