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alexandr402 [8]
3 years ago
13

Prof. Business will have $1,600,000 saved up by retirement at age 65. The retired professor expects to live 20 more years after

retiring. How large of an annual annuity withdrawal can prof. Finance make at the beginning of each year under this scenario from an account paying 6. 5% compounded annually? round your answer to the nearest dollar.
Business
1 answer:
alexdok [17]3 years ago
5 0

Answer:

heyy i hope ur having a great day so far hope my answer helps :)

Explanation:

<h2><em>$136348.618</em></h2><h2><em></em></h2><h3><em>Present value (PV) =$1,600,000 </em></h3><h3><em> </em></h3><h3><em>Number of year(n) = 20 </em></h3><h3><em> </em></h3><h3><em>Rate(r) = 6.5% = 6.5 / 100 = 0.065 </em></h3><h3><em> </em></h3><h3><em>Payment monthly (PMT) = ? </em></h3><h3><em> </em></h3><h3><em>Calculation:</em></h3><h3><em> in the picture  </em></h3><h2><em> </em></h2><h2><em> </em></h2><h2><em>So, Payment per month = $136348.618</em></h2>

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After the balance sheet date with duplicate sales invoices and shipping documents.

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The risk of major misrepresentation is the possibility that an organization's financial statements contain significant errors. Auditors evaluate this risk at the two levels listed below. The level of detection risk is reduced when the danger of material misstatement is high (increases the amount of evidence obtained from substantive procedures). The risk of an audit is decreased as a result.

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Sabrina’s Soccer has a comparative advantage over Stan’s Sporting Goods because Sabrina’s Soccer has a lower opportunity cost.

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3 years ago
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Step-by-step explanation:

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3 years ago
A bicycle manufacturer wants to know how many bicycles it must sell to break even. The break-even point (i.e. number of bicycles
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The contribution margin dollar amount per bicycle.

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