You plan on making a $235. 15 monthly deposit into an account that pays 3. 2% interest, compounded monthly, for 20 years. At the end of this period, you plan on withdrawing regular monthly payments. Determine the amount that you can withdraw each month for 10 years, if you plan on not having anything in the account at the end of the 10 year period and no future deposits are made to the account. A. $769. 27 b. $767. 23 c. $78,910. 41 d. $79,120. 84.
Answer:
10
Explanation:
The amount of money that can be withdrawn each month for 10 years is equal to: A. $769. 27.
Given the following data:
Time = 20 yearsMonthly payment = $235.15Interest rate = 3.2%To determine the amount of money that can be withdrawn each month for 10 years:
First of all, we would convert the compounded interest rate into an effective monthly interest rate as follows:
[tex]r = \frac{0.032}{12} = 0.00267[/tex]
Next, we would calculate the future value for these annuities by using this formula:
[tex]A = \frac{P[(1+r)^{12t} - 1]}{r}[/tex]
Where:
A is the future value.P is the monthly payment or principal.r is the effective monthly interest rate.Substituting the given parameters into the formula, we have;
[tex]A = \frac{235.15[(1+0.00267)^{12 \times 20}\; - \;1]}{0.00267}\\\\A = \frac{235.15[(1.00267)^{240}\; - \;1]}{0.00267}\\\\A = \frac{235.15[1.8964\; - \;1]}{0.00267}\\\\A = \frac{235.15[0.8964]}{0.00267}\\\\A = \frac{210.789}{0.00267}[/tex]
A = $78,947.19
Now, we can the amount of money that can be withdrawn each month for 10 years by using this formula:
[tex]A = \frac{P[(1+r)^{12t} - 1]}{r(1+r)^{12t}}[/tex]
Making P the subject of formula, we have:
[tex]P = \frac{A[r(1+r)^{12t}]}{(1+r)^{12t} - 1}[/tex]
Substituting the given parameters into the formula, we have;
[tex]P = \frac{78,947.19[0.00267(1+0.00267)^{12 \times 10}]}{(1+0.00267)^{12 \times 10} - 1}\\\\P = \frac{78,947.19[0.00267(1.3771)]}{1.3771 - 1}\\\\P = \frac{290.278}{0.3771 }[/tex]
P = $769.27
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Which finger should you use to type the space bar?
Index finger
Pinkie finger
Ring finger
Thumb
Answer:
thumb should be used to press space bar.
Answer:
Thumb
Explanation:
Your thumbs should rest on the space bar in order to type properly. Therefore, you use your thumbs to type a space.
what is the purpose of long term disability insurance?
To provide financial support if person cannot work.
Analyse why the social benefit of education exceed the private benefit
Answer:
dddddddddddd
Explanation:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs
You have been invited to give a speech at a local restaurant. The person who is hosting the event has asked you to speak for 15 minutes on a topic of your choice. Walk though the process of deciding what to talk about and discuss the reasons and methods you would use to make an effective choice.
Give me some hint please
Answer:
talk about the recipes
Explanation:
Which command is used to draw visible line form invisible line mode *
in microsoft window logo
PD
PU
PE
None of these
In Microsoft window logo, the command which is used to draw visible line that forms an invisible line mode is: A. PD.
Microsoft window logo is a programming language that was designed and developed at the Massachusetts Institute of Technology (MIT) by George Mills, based on the educational programming language called Logo.
Some of the commands that are used on Microsoft window logo include the following:
FORWARD (fd)BACK (bk)HOMERIGHT (rt)Pendup (PU)Pendown (PD)In Microsoft window logo, the Pendown (PD) command is used to instruct the turtle to draw a visible line or leave ink (tracks) on the screen as it moves. Thus, it is a command which is used to draw visible line while forming an invisible line mode.
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the use of money and credit controls to change the macroeconomy is
According to economic theory, using money and credit controls to change the macroeconomy is "Monetary Policy."
What is Monetary Policy?Monetary Policy is the policy or method by which government controls the amount of money in circulation in an economy.
Monetary policy can increase or reduce rue money in an economy.
The three primary tools of Monetary Policy are:Reserve requirementsDiscount rateOpen market operationsHence, in this case, it is concluded that the correct answer is Monetary Policy.
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Price floors usually result in ___________________.
How is Biden an affect on America.
Which financial tool is most important when planning for your future financial goals? Enrolling in a high interest savings account Creating a budget Mortgaging a house Taking on extra debt.
The financial tool that is vital when planning for your future financial goals is creating a budget.
A budget simply means an estimate of the income and the expenditure of an economic entity for a particular period of time.
It should be noted that a budget is vital for an individual to plan his or her expenses. For example, if one wants to buy a car in the future, the person can make a budget for it.
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Answer:
Creating a budget
Explanation:
A surface, such as a prep table, that touches food or from which food could drip or drain onto surfaces that touch food is
called a "food-splash surface."
True
False
Answer:
False
Explanation:
Food contact surface is what it is called
An appraiser completes an appraisal for a homeowner in preparation for obtaining a loan. The appraiser provides a letter report and sends a bill for his preparation of the appraisal. He bases the cost of his work on a percent of the amount of the value his opinion finds. What is the situation here
The situation here is that the appraiser is:
Taking a percentage for his services from the appraisalBased on the given question, we can see than when an appraisal is made, the appraisal which is actually a written report that makes an estimate of the present value of a piece of property.
With this in mind, we can see that the appraiser preferred to take his payment from the percentage value of the value of the property which he appraised. This method is sure to give the appraiser more money than he would have made, especially if the value of the property was quite high.
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Casey has a job doing valet parking. Casey makes an hourly rate of $4. 55 per hour plus tips. Last week Casey worked 26 hours and made $898. 55. How much in tips did Casey earn last week? a. $34. 56 b. $118. 30 c. $157. 25 d. $780. 25.
Answer:
$4.55 * 26 hours = $118.3 $898.55 - $118.3 = $780.25 Casey has a job doing valet parking. Casey makes an hourly rate of $4.55 per hour plus tips. Last week Casey worked 26 hours and made $898.55. Casey earned $780.25 in tips last week.
Casey earned tips totaling to a whooping amount of $780.25. She has received these tips by working for twenty-six hours in the last week. So, the correct option is D.
The calculation of tips earned by Casey is done by subtracting the value of his income less the actual salary earned by her during the period.
Calculation of salary and tips The information that has been provided to us is that Casey worked for 26 hours in the week at a salary rate of $4.55 per hour. The total income of Casey is $898.55. The total salary of Casey can be calculated as using the following formula,[tex]\rm Total\ Salary\ = Hourly\ Rate\ x\ Hours\ Worked\\\\\\\rm Total\ Salary= 4.55\ x\ 26\\\\\\\rm Total\ Salary= $118.3[/tex]So after finding the total salary of Casey, we will put the values of the salary in the formula required for computing earnings of Casey by way of tips,[tex]\rm Tips = Total\ Income-\ Salary\\\\\\\ \rm Tips\ Received= 898.55- 118.3\\\\\\\rm Tips\ received= \$780.25 \\[/tex]So we have found that the total income of Casey by way of tips is $780.25 for the last week.Hence, the correct option is D that Casey earned $780.25 by way of tips in the last week out of the $898.55 he earned.
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In the early days of the game industry, nearly all games were developed by designers, for designers. More specifically, what age-range/gender were the designers, and for what age-range/gender were they designing the games for?
Based on historical perspective, the age range of the early game designers is between 40 to 60years old. Also, the gender for which the games were being designed is male.
History of Game Designs.The history of game designs can be traced to William Higinbotham, a Physicist who created the first video game in 1958 at the age of 48 years.
William Higinbotham created the first video game during the Brookhaven annual visitors day to lighten the exhibition show.
The video game he created was tennis, known as "Tennis for Two," and the men in attendance played it.
Hence, in this case, it is concluded that the game designers were men, and they are in the age range of 40 to 60 years.
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How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.
Answer:
A
Explanation:
net worth is based on assets and income so if assets decrease your net worth decreases
Planing is the primary function of management.discuss
Explanation:
it is a primary function of management because it help in making the business and it makes it easier for the employees and everyone involved in the business in the workforce to see what is going to happen in the business and it's important for making decisions and such as trading and different types of that can a decision so it can also make it easier for the employees and the whole business to run smoothly because if you have a plan for everything then you can easily basically just you know work according to your needs and you can just flourish as a business
Isabel and Stuart open a money market account to begin saving for the
college expenses of their newborn daughter. This is an example of a
investment strategy.
O A. high-return
B. diversified
C. long-term
O D. high-risk
SUBMIT
Considering the situation described above, this is an example of a "Long-Term investment strategy."
What is a Long-Term Investment Strategy?Long Term Investment Strategy is a type of investment decision in which the investor hopes to reap the rewards later, usually five years or more.
Given that Isabel and Stuart opened a money market account to begin saving for the college expenses of their newborn daughter, which may take an average of 16 years or more before they reap it, this is an example of a "Long-Term Investment Strategy."
Hence, in this case, it is concluded that the correct answer is "Long-term investment strategy."
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Answer: C, long-term
Explanation: just finished test
in what fast food company do this famous tag line belongs " I'm loving 'it"
Explanation:
McDonald's
I'm loving it
What type of federal funding is free money, but is based
on financial need only?
A.Federal grants
B.All federal scholarships
C.The 529 Plan
D.None of these are correct
Answer:
Try A. Federal Pell Grant
Answer:
answer : b
Explanation:
cauise
To assist broker-dealers with compliance, NASAA prepared a fee disclosure template. Based on the template, all of the following broker-dealer charges would be disclosed except A) brokerage commissions. B) fees for issuance of stock certificates. C) account transfer fees. D) account maintenance fees.
Account transfer fees and account maintenance fees would not be disclosed as the broker-dealer charges.
NASAA means the North American Securities Administrators Association.
The NASAA prepared a fee disclosure template to assist broker-dealers with compliance.
Based on the template, the following broker-dealer charges which would be disclosed includes:
account inactivity feecharges for late paymentsissuance of a stock certificateaccount transfer feesIn conclusion, all of the following broker-dealer charges would be disclosed except the account transfer fees and account maintenance fees.
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A Smart sets up a new business. Before he actually sells anything, he has bought motor vehicle for $2500, premises for $4500, stock of goods for $1000. He did not pay full for his stock of goods and still owes $600 in respect to them. He borrowed $2800 from J Devan. After the events described and before trading starts, he had $150 cash in hand and $650 cash at bank. You are required to Calculate the Capital. Show all working.
The capital for A Smart is $5,400
Capital is computed as :
Capital = Asset - Liabilities
First, we need to determine the Asset.
Asset = Motor vehicle + Premises + stock + cash in and + cash at bank
Asset = $2,500 + $4,500 + $1,000 + $150 + $650
Asset = $8,800
Also, we will determine the liabilities
Liabilities = Money owed + Loan
Liabilities = $600 + $2,800
Liabilities = $3,400
Recall that:
Capital = Assets - Liabilities
Capital = $8,800 - $3,400
Capital = $5,400
Therefore, the capital for A Smart is $5,400
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if you have to decide to claim a credit or deduction on your taxes which should you take everfi
It should be noted that based on the information given, the appropriate one to choose will be a tax credit.
A tax deduction simply means the deduction that lowers the tax liability of an economic entity by lowering the taxable income.
If an individual wants to decide to claim a credit or deduction on their taxes, the one that should be chosen will be a tax credit. This is because it directly reduces the tax of the individual.
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PLEASE HELP ASAP!!!! (><) IT’S TIMED!!!
Gidgits Galore's payment plan under Chapter 11 was rejected by its committee of creditors, and the court
agreed and dismissed its petition. Gidgits Galore now seeks to file a petition in Chapter 7 to liquidate. The bank loaned Gidgits Galore $10,000 and secured the loan with a lien on 1,000 gidgits but did not file a financing statement. The bank is an unsecured creditor.
True
False
———————-———————————
Choose the term that best matches the description given.
To sell the assets of a business, pay the bills and divide the remainder among stakeholders
1. Default
2. Liquidation
3. Collateral
4. Reorganization
——————————————————
Choose the term that best matches the description given.
Equipment, property or funds owned by a business
1. Assets
2. Collateral
3. Lien
4. Trustee
——————————————————
Gidgits Galore's payment plan under Chapter 11 was rejected by its committee of creditors, and the court
agreed and dismissed its petition. Gidgits Galore now seeks to file a petition in Chapter 7 to liquidate. The bank loaned Gidgits Galore $10,000 and secured the loan with a lien on 1,000 gidgits but did not file a financing statement. The bank is an unsecured creditor.
True
False
Choose the term that best matches the description given.
To sell the assets of a business, pay the bills and divide the remainder among stakeholders
1. Default
2. Liquidation
3. Collateral
4. Reorganization
Choose the term that best matches the description given.
Equipment, property or funds owned by a business
1. Assets
2. Collateral
3. Lien
4. Trustee
The answers to the questions have been given below
1. It is true that the bank is an unsecured creditor.
2. Liquidation is to sell the assets and share the proceeds among stakeholders.
3. Collateral is the Equipment, property or funds owned by a business.
What does it mean to be liquidated?This refers to the fact that the business is about to go on a shutdown. The assets that the business owns would then have to be shared among all the people that have stakes in it.
Collateral is the property that is used to get a loan. It refers to what the business would give in exchange for the funds that they are to loan.
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a token economy represents an application of the principles of
Based on business application, a Token economy represents an application of the principles of "operant conditioning."
What is a Token Economy?Token Economy is the term used to describe the system of contingency management based on the systematic support of target behavior.
Generally, the Token Economy is established in a way that functions on operant conditioning and behavioral economics.
Token Economy can be categorized within applied behavior analysis.
Hence, in this case, it is concluded that the correct answer is "operant conditioning."
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Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?
A. a software-based budget
B. a mental budget
C. a physical budget
D. a written budget
Hi!
I think a mental budget would be best. If he only gets $100 a week and spends $50 of that on car insurance, he could simply remember that he makes a profit of $50 a week. It's not complex so a mental budget would be best.
Hope this helps :D
you’ve dreaded it for a while, but now you feel prepared. in 30 minutes you’ll have to terminate tim, a 12-year employee who is beloved by everyone in the firm. unfortunately, he just hasn’t performed very well since his wife died three years ago and while he was given every chance to regain his performance, he has just continued to slide. which of the following elements of communication is least likely to influence tim’s perception of your communication effectiveness?
Pace is the elements of communication that is least likely to influence tim’s perception of your communication effectiveness
Pace in this context refers to the speed at which the message is passed across to the receiver.
Effective communication entails a conveyed information in an effective and efficient manner.
In conclusion, the Option B is correct because Pace is the elements of communication that is least likely to influence tim’s perception of your communication effectiveness
Missing options includes "A)Tone, B)Pace, C)Indirect Non-verbals, D)Formailty"
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an example of a digital buyer who is engaged in product-focused shopping is someone who
Answer:
repurchased toothpaste from Amazon
Explanation:
The Bridal Shop bought a dress from a supplier for $105 wholesale and applied a 65% markup to the price. If a 7. 5% sales tax were added after a 20% discount was used, what would be the total cost to purchase the dress?.
Based on the various additions as well as discount, the total cost of the dress would be $149.00
The cost of the dress after the markup would be:
= Wholesale cost x ( 1 + markup)
= 105 x (1 + 65%)
= 105 x 1.65
= $173.25
After the discount, the cost is:
= 173.25 x (1 - 20%)
= $138.60
The cost after the sales tax is:
= 138.60 x (1 + 7.5%)
= $148.995
= $149.00
In conclusion, the cost of the dress is $149.00
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Lucas spends $83. 42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been able to save this money for the year and then put it into a savings account earning 1. 8% simple interest, how much money could he have in savings after 3 more years? a. $1,649. 72 b. $1,055. 10 c. $1,019. 06 d. $1,001. 4.
Answer: A
Explanation:
Based on the amount saved monthly and the simple interest earned in 3 years, the amount in savings would be $1,055.10.
The amount saved for the year would be:
= 83.42 x 12 months
= $1,001.04
If this amount was saved at simple interest at 1.8% per year, the amount in 3 years would be:
= Amount + ( Amount x rate x number of years)
= 1,001.04 + (1,001.04 x 1.8% x 3)
= $1,055.10
In conclusion, the account would have $1,055.10
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how is the domain rank different from other ranks?
In relation to ranks, the word "domain rank" is not well-known or standardized. You can be referring to a particular idea or measure regarding Website positioning or search engine optimization (SEO).
One search engine optimization (SEO) idea developed to gauge the effectiveness of a particular campaign is website authority or domain rank. Domain rating is a ranking indicator developed by Ahhrefs and used to show how strong a website's backlink profile is in comparison to other websites in their database.
Developed by Moz, the Domain Authority (DA) score for search engine rankings indicates how likely it is for a website to appear in search engine result pages (SERPs).
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