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
navik [9.2K]
3 years ago
11

You are planning to save for retirement over the next 44 years. To do this, you will invest $500 a month in a stock account and

$300 a month in a bond account, beginning one month from today. The return on the stock account is expected to be 9.6 percent, and the bond account will pay 5.4 percent. When you retire, you will combine your money into an account with a 5 percent return. You plan to make equal monthly withdrawals for 30 years from your retirement account beginning one month from your date of retirement. You also plan to leave $5 million as bequest to your beneficiaries. Calculate the amount of your monthly withdrawals.
Business
1 answer:
OverLord2011 [107]3 years ago
8 0

Answer:

MILLONS

Explanation:

You might be interested in
Which one of the following is not a right of common stockholders?a) To share proportionately in all management decisions.b) To s
lozanna [386]

Answer: Option A

Explanation: Common stockholders refers to the holders of common equity of an organisation. These shareholders are actually the owners of the organisation. They have the potential to earn maximum benefit and bear the maximum risk.

They have the right to select the auditor and board of directors but they cannot interfere with the management decisions. This right stands in the domain of the top managers which are appointed by these shareholders.

Thus, we can conclude that the correct option is A .

5 0
3 years ago
Starbucks is a global company that provides high-quality coffee products. Assume that as part of its expansion strategy, Starbuc
goldenfox [79]

No, there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

Given that Starbucks purchased bonds with $ 7 million face value at par for cash on July 1 of the current year and the bonds pay 7 percent interest the following June 30 and December 31 and mature in three years.

We are required to tell whether there is requirement of any recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

A bond is basically a debt security, similar to an IOU and borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When we buy a bond, we are lending to the issuer, which may be a government, municipality, or corporation.

There is not any requirement of any recording when the fair value decreases to $600000 because it is not affecting our books of accounts because in our books they are recorded at face values.

Hence there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

Learn more about bonds at brainly.com/question/25965295

#SPJ4

7 0
2 years ago
When demand is inelastic, an increase in price will cause
mariarad [96]

Answer:

The correct answer is d. an increase in total revenue.

Explanation:

In inelastic markets, demand is almost independent of price variations. Therefore, the best pricing strategy in this case is to increase the price to sell the same amount as before (that is, before the price increase), and maximize profit margins as a result.

3 0
3 years ago
An advantage of buying component parts, or even an entire product, from independent suppliers is that the firm will be able to m
Sladkaya [172]
Search up A gardener can increase the number of dahlia plants in an annual garden by either buying new bulbs each year or dividing the existing bulbs to create new plants . The table below shows the expected number of bulbs for each method

Part A
For each method,a function to model the expected number of plants for each year

Part B
Use the Functions to Find the expected number of plants in 10 years for each method.

Part C
How does the of plants in five years compare to the expected number of plants in 15 years !Explain how these patterns could affect the method the gardener decides to use.
8 0
3 years ago
On December 15, Lisa, a landlord, entered into an oral agreement with Tom to lease apartment 5W to Tom for one year starting on
fredd [130]

Answer:

Judgment for Tom.

Since Lisa is pleading statue of frauds as defense, her argument would not hold as statue of frauds refers to the contracts in writing while this was an oral contract. According to GOL5-703, all contracts for a lease of a real estate for over a year must be in writing, but since this agreement was for only one year, the oral agreement would be enforceable and no written contract is required. Hence Lisa's arguement with regards to statue of frauds will not hold in court.

4 0
4 years ago
Other questions:
  • 5. To advertise or not to advertise Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following p
    14·1 answer
  • Clay incurs $5,000 of investment interest expense related to purchasing Renco Company stock and New Orleans municipal bonds. He
    7·1 answer
  • In 2002 Ortega's nominal income rose by 4.6 percent and the price level rose by 1.6 percent. We can conclude that Ortega's real
    9·1 answer
  • Max, an employee for a government shipping contractor, likes the strict culture that he finds with Trask Industries, which suppl
    11·1 answer
  • Department S had 500 units 70% completed in process at the beginning of the period, 7,600 units completed during the period, and
    6·1 answer
  • The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the
    14·1 answer
  • Under CARD, colleges and universities must: a. disclose financial relationships with the credit card companies. b. provide debt
    14·1 answer
  • What is another way to communicate without using words?
    12·2 answers
  • If $2,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
    7·1 answer
  • if your salary is $42,000 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!