Business, 06.07.2020 20:01, elizabethluna058

Suppose an individual makes an initial investment of $2,000 in an account that earns 8.4%, compounded monthly, and makes additional contributions of $100 at the end of each month for a period of 12 years. After these 12 years, this individual wants to make withdrawals at the end of each month for the next 5 years (so that the account balance will be reduced to $0).A) How much is in the account after the last deposit is made? B) How much was deposited? C) What is the amount of each withdrawal? D) What is the total amount withdrawn?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:20, ktenz

Miller mfg. is analyzing a proposed project. the company expects to sell 8,000 units, plus or minus 2 percent. the expected variable cost per unit is $11 and the expected fixed costs are $287,000. the fixed and variable cost estimates are considered accurate within a plus or minus 5 percent range. the depreciation expense is $68,000. the tax rate is 32 percent. the sales price is estimated at $64 a unit, plus or minus 3 percent. what is the earnings before interest and taxes under the base case scenario?

Answers: 1

continue

Business, 22.06.2019 02:00, mckinley2006

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

Answers: 1

continue

Business, 22.06.2019 12:50, trintrin227

Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

Answers: 3

continue

Business, 22.06.2019 20:30, lareynademividp0a99r

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.

Answers: 3

continue

Do you know the correct answer?

Suppose an individual makes an initial investment of $2,000 in an account that earns 8.4%, compounde...