answer.
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
konstantin123 [22]
2 years ago
8

Prof. Finance will have $1,500,000 saved up by retirement at age 65. The retired professor expects to live 25 more years after r

etiring. 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% compounded annually?
Business
1 answer:
lions [1.4K]2 years ago
8 0

Answer:

He can makes an annual annuity withdrawal of $ 110,698

Explanation:

Prof. Finance has a PV of 1,500,000, which is the ammount after his retirement at age 65 so PV= 1,500,000

6% in this case is the rate of interest so r=6%

number of withdrawals = 25

PMT= $110,698

You might be interested in
In the competitive sports drink market, Gatorade pays very close attention to the activities of Powerade, a major __________ com
cricket20 [7]

Answer:

c. Brand competitor

Explanation:

Brand competitor -

It refers to the fued or competitive situation between any two companies or organization , producing similar types of goods and services , is referred to as brand competition.

Since , both the companies are always targeting each other .

Both the companies tries to adapt new and innovative method for their goods and services , in order to have better hand on the product .

Hence , from the given scenario of the question ,

The correct option is c. Brand competitor .

7 0
2 years ago
Claire is the head of product design for her company. She has to create the layout for the next generation of smartphones. She h
irga5000 [103]

Answer:

answer is D

.

Explanation:

I just did it on plato

6 0
2 years ago
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,500 C
romanna [79]

Answer:

The return on equity for 2017 is 21.46 %

Explanation:

Return on equity measures the return earned on the owners investment in the company.

<em>Return on equity = Net Income for the year / Total Shareholders Funds × 100</em>

                            = $822 / ( $2,980 + $850) × 100

                            = 21.4621 or 21.46 %

Note : That Retained earning is part of Owners Investment.

Conclusion :

The return on equity for 2017 is 21.46 %

6 0
2 years ago
If expected return is less than required return on an​ asset, rational investors will​ ________.
DedPeter [7]
Sell the asset, which will drive down the price and cause the expected return to reach the level of the required return.
6 0
2 years ago
Acme Explosives recently gave very specific specifications to its suppliers of raw materials in an attempt to improve the qualit
MakcuM [25]

Answer:  Option A                                                              

 

Explanation: In simple words, concurrent controls refers to the regulation of activities by an organisation to make sure that those activities are performed as per the standards set. Usually the activities regulated under this type of control are related to the transformation process.

Such control is made to improve an existing performance and not in relation to some new set of activities that are to be performed. Hence from the above we can conclude that the given case is an example of concurrent control.

6 0
2 years ago
Other questions:
  • John Jansen, an employee of Redwood Company, had gross earnings for the month of May of $4,000. FICA taxes are 7.65% of gross ea
    6·1 answer
  • Suppose you want to play a carnival game that costs 7 dollars each time you play. If you win, you get $100. The probability of w
    13·2 answers
  • Which one of the following statements is INCORRECT concerning the equity component of the WACC?
    14·1 answer
  • A small manufacturing firm uses roughly 3400 pounds of chemical dye a year. Currently the firm purchases 300 pounds per order an
    6·1 answer
  • Nero signs a check "pay to the order of Olive" drawn on Nero's account in Plum Bank- Olive signs the back of the check. Secondar
    6·1 answer
  • Suppose John has a budget of $82 that he spends on ice cream sundaes (Q1) and coffee (Q2). The price of ice cream sundaes recent
    9·1 answer
  • Stephanie manages the accounting department at an advertising agency. She needs to conduct performance appraisals for the eight
    13·1 answer
  • In setting up interviews for an executive position, Frances makes sure to include candidates of different ethnic backgrounds, in
    12·1 answer
  • The CEO/chairman of PharmaPacifica was recently killed in an airplane crash. This tragedy has thrown PharmaPacifica into turmoil
    10·1 answer
  • Tailoring movies slightly to appeal to different markets, such as editing Iron Man 3 for China, best reflects which kind of inte
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!