Answer:
d) 500,000
Explanation:
The amount that the worker is expected to save before retirement is the present value of the expected annual withdrawal using the interest rate of 10% as the discount rate:
savings balance at retirement=yearly cash withdrawal/interest rate
yearly cash withdrawal=$50,000
interest rate=10%
savings balance at retirement=$50,000/10%
savings balance at retirement$500,000
I think it might be C, but i'm not sure
PLACE.........................................................................
Factors and distribution systems that are likely to affect the reliability of the inferences are as follows;
A.The Wallace Company distributes pipes, regulators, and fittings to the refinery, industrial, and petrochemical industries.
B. The timeliness of delivery, the correctness of invoicing, and the product packing quality.
C. Send a survey to a subset of existing clients twice a year, asking them to assess the timeliness of delivery, the correctness of invoicing, and the attractiveness of the packing minutes.
D. Gaining knowledge of the distribution chain for pipes, valves, and fittings.
E. Customers who were chosen to get the survey. If this sample does not reflect all of the consumers, the erroneous conclusion might be drawn.
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Answer:
Semiannual compounding of interest = $2,328.75
Explanation:
Given:
Semi annual rate = 5/2 = 2.5 = 0.025
P = $46,000
Find:
Semiannual compounding of interest
Computation:
Semiannual compounding of interest = 46,000[1 - (1 + 0.025)²]=
Semiannual compounding of interest = $2,328.75
