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
WINSTONCH [101]
2 years ago
13

at the time of retirement a couple has $250,000 in account that pays 8.4% compounded monthly. if the couple decides to withdraw

from the account monthly for 10 years, how much should they withdraw every month if they don’t want any money in the account after those 10 years?
Business
1 answer:
MArishka [77]2 years ago
4 0

Answer:

Millions

Explanation:

You might be interested in
After the delivery of the condominium documents in the TREC Residential Condominium Contract the buyer may terminate the contrac
sweet-ann [11.9K]

Answer:

The buyer would have a 12-day option to terminate the contract. Otherwise, he or she might not have any other option than to stick to the contract. (That is, the buyer will not have the unrestricted right to terminate the contract again.)

Explanation:

7 0
3 years ago
Identify two possible reasons for unemployment​
Vladimir79 [104]

Answer:

Frictional unemployment. This is unemployment caused by the time people take to move between jobs, e.g. graduates or people changing jobs. ...

Structural unemployment

Explanation:

3 0
2 years ago
Read 2 more answers
Johnson Company has current year accounts payable of $25,000 and cost of goods sold of $100,000. Compute Johnson Company’s days’
natita [175]

Answer:

the days payable outstanding is 91.25 days

Explanation:

The computation of the days payable outstanding is  shown below:

Days' payable outstanding is

= (Accounts Payable ÷  Cost of goods sold) × total number of days in a year

= ($25,000 ÷ $100,00) × 365 days

= 91.25 days

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Hence, the days payable outstanding is 91.25 days

7 0
3 years ago
Loc Nguyen sold his personally owned boat for $6,000. Loc is not self-employed and he did not have any outstanding loans on the
lesantik [10]

Question Completion with options:

Select one:

a. Include the $5,000 in total income on Form 1040

b. Include the $5,000 as a capital gain on Schedule D

c. Include the $5,000 as self-employment income on Schedule C

d. Include the $5,000 as interest income on Form 1040

Answer:

Loc Nguyen should:

b. Include the $5,000 as a capital gain on Schedule D.

Explanation:

Both long-term and short-term capital gains and deductible capital losses are reported on Schedule D of Form 1040.  If the gain from the sale of the boat is a long-term capital gain, it will be subject to the lower capital gain tax rate of up to 20%, unlike the short-term capital gain that attracts a rate of up to 37%.

3 0
3 years ago
Pete Rool made deposits of $6,000 at the end of each quarter to Rote Bank, which pays 8% interest compounded quarterly. After 3
Aleksandr [31]
Prt                   i=prt
p=$6000         i=6000x8%x3yr
r=8%               i=1440x2=2880
t=3yr              
8 0
3 years ago
Other questions:
  • The __________ enforces) procedures so employees may vote to have an union and for collective bargaining.
    14·1 answer
  • Which of the choices is an example of offshore outsourcing?
    5·2 answers
  • What factors affect the time value of money and the cost of borrowing money?
    6·1 answer
  • The loan review department at a major regional bank has an exceptionally high turnover of both administrative assistants and ana
    13·1 answer
  • If an economy is in a steady-state with no population growth or technological change and the capital stock is above the Golden R
    7·2 answers
  • Suppose you invest semiannually for 25 years in an annuity that pays 5% interest, compounded semiannually. At the end of the 25
    10·1 answer
  • What can a cover letter explain that a résumé cannot?
    9·2 answers
  • Green Goddess Developers is a large nationwide landscape company with home offices in Libertyville, IL. The local media often gu
    8·1 answer
  • In one paragraph describe the general advantages and drawbacks of the premium pricing strategy.For exapmle, explain where it fal
    14·1 answer
  • Within Year, Inc. has bonds outstanding with a $1,000 par value and a maturity of 19 years. The bonds have an annual coupon rate
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!