Prof. business will have $1,600,000 saved up by retirement at age 65. the retired professor expects to live 20 more years after retiring. 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. 5% compounded annually? round your answer to the nearest dollar.

Answers

Answer 1

Answer:

$136348.618

Explanation:


Related Questions

Bonds that can be exchanged for shares of stock at the option of the bondholder are referred to as:________

Answers

Bonds that can be exchanged for shares of stock at the option of the bondholder are referred to as Convertible bond .

What is a Convertible bond?

A convertible bond, as its name suggests, allows the holder the opportunity to exchange it for a specific number of shares of the issuing business. They function just like standard corporate bonds once they are issued, except with a little lower interest rate. Companies give lower yields on convertibles since they can be converted into stock and profit from an increase in the price of the underlying stock. An investor is stuck with the bond's subpar return—below what a non-convertible corporate bond would get—if the stock does poorly because there is no conversion. The choice between risk and return exists every time.There are two primary reasons why businesses issue convertible bonds or debentures.

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A narrative based on a true event that is repeated frequently and shared by organizational employees is referred to as a:__________

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A narrative based on a true event that is repeated frequently and shared by organizational employees is referred to as a: story.

What is a story?

A story can be defined as an event that occur or happen that are told to people, and this story can either be fictional ,imaginary or true life story.

Most people tend to tell a story about an event  to others so as to  enables them to learn the lesson that comes with the story.

Therefore a narrative based on a true event that is repeated frequently and shared by organizational employees is referred to as a: story.

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Reporting revenues only when cash is received and expenses only when cash is paid is called the:______

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Reporting revenues only when cash is received and expenses only when cash is paid is called cash accounting.

What is cash accounting?

Cash accounting is a bookkeeping method where revenue is recognised when cash is received and expenses are recorded when cash is paid. Cash accounting follows a single-entry system .

Cash accounting allows the business the latitude to time the recognition of transactions.

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If we consider the reality that each worker has different skills, then the production possibilities frontier should:_______

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If we consider the reality that each worker has different skills, then the production possibilities frontier should display an increasing opportunity cost of a good as more of that good is produced.

What is opportunity cost?  

Opportunity costs are the losses incurred when a person, investor, or business selects one course of action over another. Because opportunity costs are unseen by nature, it is simple to ignore them. Knowing the opportunities that might be missed when a business or individual chooses one investment over another might help them make wiser selections. 

The benefit that was forfeited because a specific choice was not chosen is known as the opportunity cost. In order to accurately calculate opportunity costs, one must consider the benefits and drawbacks of each option. Opportunity costs have a value that can assist individuals and enterprises in reaching more successful conclusions.

Opportunity cost is an entirely internal expenditure that is only taken into account for strategic purposes; it is not accounted for in accounting profit and is not disclosed to outside parties.

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A+bond+issue+with+a+face+amount+of+$1,100,000+bears+interest+at+the+rate+of+8%.+the+current+market+rate+of+interest+is+9%.+these+bonds+will+sell+at+a+price+that+is:________

Answers

The Face value of bonds is $1,100,000

Given here, The Coupon rate= 8%

                    Market interest rate (Yield to maturity) = 10%

Market interest rate and price of bonds are inversely propotional to each other ,i.e.. if the market interest rate increases then the bonds of price will decreases.

Since market interest rate is more than coupon rate, from this we can say that the bond issued at price less than face value.

Due to high market interest rate, this bond is discount bond.

Therefore, The Issue price of bonds is Less than $1,100,000.

A financial instrument’s face value is its initial issuance price expressed in dollars. Comparatively, the face value of a stock is the price established by the issuer when the stocks is first issued, but the face value of a bond is the price that the issuer pays at the time of maturity, also referred to as “par value.”

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If you are asked to fill out a w-9 instead of a w-4 when you first start a job, what does that mean?.

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They should use Form W-4, which is the correct form. If your employer gives you a W-9 instead of a W-4 when you start a full-time job, that may indicate that they hired you as an independent contractor rather than an employee, and you may be responsible for making tax payments to the IRS.

Use Form W-9 to give your correct Taxpayer Identification Number (TIN) to anyone who needs to file a report with the IRS about something that was paid to you, like:

Income.Real estate dealings.You paid mortgage interest.Purchasing or giving up secured propertyA debt cancellation.The IRA contributions you made.

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A monthly sales report produced by an information system would be an example of a(n)?

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A monthly sales report produced by an information system would be an example of a(n) output activity.

A system is a group of interacting or interconnected elements that act according to a set of rules to form a unified whole. Systems surrounded and affected by the environment are described by their boundaries, structure, and purpose and expressed in their function.

The definition of a system is a set of rules, arrangements of things, or a group of related things that work toward a common goal. An example of a system is the laws and procedures of a democratic government. An example of a system is how someone organizes their closet.

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Company's beginning accounts payable is $1,000. it had a $10,000 of purchases on account and paid $7,000 of the amounts owed. the accounts payable ending balance equals a _____ balance

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Company's beginning accounts payable is $1,000. it had a $10,000 of purchases on account and paid $7,000 of the amounts owed. the accounts payable ending balance equals a $4,000 credit.

What Does AP (Accounts Payable) Mean?

Accounts payable (AP), often known as "payables," are short-term debts due by a business to its suppliers or creditors that have not yet been settled. On a company's balance statement, payables are shown as a current obligation. Another, less common meaning of "AP" is the business unit or division in charge of processing the company's payments due to suppliers and other creditors. AP is a significant component of a company's balance sheet. If AP rises over a previous period, it indicates that the corporation is using credit more frequently than cash to purchase the more products or services. If a business's AP declines, A considerable degree of cash flow manipulation by management is possible through AP. The length of time it takes for the company to settle all outstanding AP accounts, for instance, can be increased by management if it needs to enhance cash reserves for a specific time.

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Economists assume that rational behavior is useful in explaining choices people make.

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The foundation of rational choice theory, an economics theory that holds that people always choose options that maximize their own value, is rational behavior. Given the options available, these choices offer consumers the greatest benefit or enjoyment.

Since the gratification could be solely emotional or non-monetary, rational activity may not include obtaining the greatest monetary or material advantage. For instance, even though it is probably more financially advantageous for an executive to remain with a company rather than retire early, doing so is still regarded as rational action if the executive feels that the advantages of retirement outweigh the utility of the income she receives.

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According to thinking like an economist, economic risk analysis is on firmer ground when it comes to answering what type of question and why?.

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Economic risk analysis, in the opinion of thinking like an economist, is on firmer ground when positive queries, queries involving economic analysis of how certain institutional or policy decisions will affect things.

Evaluation of costs and benefits is essentially what economic analysis includes. In order to facilitate better resource allocation, it begins by evaluating projects according to their economic feasibility. It seeks to assess how a project would affect wellbeing.

Economic analysis aids organizations and their sponsors in weighing the benefits of social interventions against their costs. The optimum way to distribute resources is determined by these comparisons.

A positive question, for instance, might be "Do higher minimum salaries produce greater rates of youth unemployment?"

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As the human resource manager, garrett has been asked to find three new marketing employees who can help the company define its social media presence. which function is garrett involved in?

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As the human resource manager, Garrett has been asked to find three new marketing employees who can help the company define its social media presence. Garrett is involved in assisting with corporate strategy

Below, this is further discussed.

A human resource manager is what?

Human resource management is, generally speaking, a strategic approach to the successful and deploy and management of people in a company or institution so that they contribute to the firm's ability to compete.

It is made to optimize worker performance in support of a company's strategic goals.

In summary, Garrett, who oversees human resources, has been tasked with hiring three new marketers who can assist the business in defining its social media presence. Garrett contributes to the company strategy.

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Big business competes based on mass production and, thus, lower prices. small business can compete based on ______.

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The big business competes based on mass production and, thus, lower prices. small businesses can compete based on personalized services and products

This is further explained below.

What is business?

Generally,  A person may earn a livelihood or make money via the practice of running a business, which entails the production of goods as well as their purchase and sale.

Additionally, it refers to "any activity or business undertaken with the purpose of generating a profit."

Production of considerable quantities of standardized goods in a continuous flow is the definition of mass production, which is sometimes referred to as flow production or continuous manufacturing.

This kind of production often takes place on assembly lines.

In conclusion, large corporations compete with one another via mass manufacturing and, as a result, reduced pricing.

Personalization of services and goods is an area in which smaller companies may compete successfully.

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If the value of all the goods/services that united states exports is greater than the value of all that it imports, then this is referred to as a:_______

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If the value of all the goods/services that united states exports is greater than the value of all that it imports, it is referred to as a trade surplus.

What is a trade surplus?

Export would comprise of goods and services produced in the US that are been sold to foreign countries. Import would comprise of foreign produced goods and services that are been sold in the US

A trade surplus is when the export of a country is greater than its import. A trade surplus increases the gross domestic product. A trade deficit is when the export of a country is less than its import. A trade deficit decreases the gross domestic product.

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Historically, the higher the risk premium, the ______ the average return, and the _____ the standard deviation of the returns.

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Historically, the higher the risk premium, the higher the average return, and the higher the standard deviation of the returns. Thus, option (c) is correct.

What is risk?

The term risk refers to the situation of the danger. As the possibility of the situation as the creation of the circumstances. The risk of the loss of something.

The higher the average return, the larger the risk of the situation. The risk is determined by analyzing the standard deviation of the returns. The risk is defined as the estimated risk premium. The risk premium is defined as the premium's return-free rate.

Therefore, option (c) is correct.

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Your question is incomplete, but most probably the full question was.

A. lower; higher

B. lower; lower

C. higher; higher

D. higher; lower

E. There is no relationship between the risk premium and the average return.

When an adjusting entry is made to record depreciation expense, the effect on the balance sheet is to?

Answers

A journal entry used to indicate depreciation expense is called an adjusting entry. It is prepared at the end of a period to reflect the expense on the income statement and the decline in the fixed asset's value on the balance sheet.

What is balance sheet?

A balance sheet, also referred to as a statement of financial position or a statement of financial condition in financial accounting, is an overview of the financial standing of an individual or organization, including a sole proprietorship, a business partnership, a corporation, a private limited company, or other entities like the government or not-for-profit organizations. The ownership equity, liabilities, and assets as of a specific date, like the end of its fiscal year, are listed. A balance sheet is frequently described as a "picture of a company's financial position."

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All of the following are included in a competitive bid except:________
a. reoffering yields
b. stated rates of interest
c. premiums or discounts
d. dollar amount of bid

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The correct answer is (A) reoffering yields.

Competitive bidding is a formal method for determining what the applicants need and formally requesting it so that possible service providers may assess it and make bids for it.

What are non-competitive bids mean?

In contrast to non-competitive bidding, which allows investors to buy securities at a price determined by competitive bidding, which is often the asset's fair market value, competitive bidding awards the security to the highest bidder.

What is a method for competitive bids?

Competitive bidding is a formal method for determining what the applicants need and formally requesting it so that possible service providers may assess it and make bids for it.

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Hayley won a lottery and will receive $1,000 each year for the next 30 years. the current value of these winnings is called the:______.

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The current value of these winnings is called the present value.

What is the present value?

Present value is the sum of discounted cash flows. The cash flows that t are expected sometime in the future are discounted using an appropriate discount rate.

The higher the discount rate, the lower the present value and the lower the present value, the higher the present value. The longer in the future the cash flow is expected, the lower the present value and the shorter the time in the future the cash flow is expected, the higher the present value.

For example, the present value of 10,000 expected in 10 years at a discount rate of 10% is 10,000 / (1.10^10) = $3855.43

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The general rule regarding the exchanged basis in the new property received in a like-kind exchange is?

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Like-kind treatment is not applicable to most financial instruments, including stocks and bonds, and inventory kept for resale.

What are stocks ?

A stock is a colloquial phrase for any company's ownership certificates.  You become a shareholder if you possess shares of a specific corporation. There are two categories of stocks: ordinary and preferred.

Beginning investors can profit in the stock market by: Starting early will help your assets expand immensely because of the wonder of compounding, which occurs when interest is received on money that has previously been earned and interest. If left unchecked, even a tiny quantity can significantly increase.

The price of the stock rises, or appreciates. The stock can then be sold for a profit if you so want.

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The non-financial sectors of u.s. business ________ far more loanable funds than they ________.

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The non-financial sectors of u.s. business Demand far more loanable funds than they Supply.

What is the demand and supply?

The  supply and demand  can be described as the  economic model of price determination  which is been used in the market.

It should be noted that this postulates  that in a competitive market, the unit price for a particular good, is required in the market, hence The non-financial sectors of u.s. business Demand far more loanable funds than they Supply.

In conclusion, Demand which an economic term relates to the willingness that the consumers have to purchase goods as well as services which involves the willingness to pay a specific price for them, however the increase in the price of a good or service do decrease the quantity demanded.

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Initially, a bankers' acceptance is essentially? a covered call. a repurchase agreement. an embedded call option. a postdated check.

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Initially, a bankers' acceptance is essentially a postdated check.

What is postdated check?A post-dated check is one that has been written by the drawer for a future date and is used in banking. Depending on the nation, a post-dated cheque may be cashed or deposited prior to the date printed on it.A check can be postdated by writing one for a later date rather than the one it was written on. Usually, the goal is for the check recipient to hold off on cashing or depositing the check until the date that has been mentioned in the future. In addition to postdating checks, there are additional options to give yourself extra time to obtain the required amounts to deposit checks in your account.

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Holding other factors such as risk constant, the relationship between the maturity and the annualized yield of debt securities is called the:________

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'Holding other factors such as risk constant, the relationship between the maturity and the annualized yield of debt securities is called the team structure of interest rates.

Feel comfortable. Being comfortable with someone helps keep your relationship happy and healthy. The perfect relationship is one of her two who come back together at the end of the day and feel happy to be with their partner whenever they are together.

Personal relationship means an ongoing romantic or intimate personal relationship. This includes but is not limited to dating, living together, having a partner or significant other. This definition applies regardless of the gender, gender identity, or sexual orientation of the people involved.

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Mutaz is talking to su about a project. su can tell that mutaz is unhappy with the project's progress because su and mutaz know each other well. this transmission of information is known as?

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Mutaz is talking to su about a project. su can tell that mutaz is unhappy with the project's progress because su and mutaz know each other well. this transmission of information is known a communication.

What is transmission of information?

Information transmission can be referred to as one or more of the different methods that information is disseminated or transferred from one location to another. Telephone, email, radio, TV, and satellite are a few examples of electronic information transmission methods. Synchronous and asynchronous serial transmission are the two types. Bit synchronization is used in both of these transmission techniques. Identification of the start and stop of the data transfer requires bit synchronization.

Therefore,

Mutaz is talking to su about a project. su can tell that mutaz is unhappy with the project's progress because su and mutaz know each other well. this transmission of information is known a communication.

Mutaz is talking to su about a project. su can tell that mutaz is unhappy with the project's progress because su and mutaz know each other well. this transmission of information is known a communication.

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Current market prices reflect all relevant information, whether it is known publicly or privately. True or false?.

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True. Current market prices reflect all relevant information, whether it is known publicly or privately.

What does strong-form efficiency mean?

Strong form efficiency is the strictest interpretation of the efficient market hypothesis (EMH) investment theory, which claims that a stock's price takes into account all available information, whether it is public or private. Strong form efficiency advocates contend that even access to insider information cannot benefit an investment.

No matter how much study or information investors have access to, this level of market efficiency indicates that profits above typical returns cannot be realized. The majority of instances of strong form efficiency involve insider knowledge. This is due to the fact that the EMH's strong form efficiency is the sole component that incorporates confidential information.

Contrary to popular opinion, the idea contends, that possessing inside information won't help an investor achieve large market returns.

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A. when the price of olive oil goes up, what probably happens to the demand for corn oil?

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When the price of olive oil goes up, the demand for corn oil increases.

In the market, the consumers create the demand for the products through their desires and wants in order to purchase a particular product or brand as offered in the market at a given time. So because of this, in business, demand changes follow various factors such as the prices.

So here, when the price of olive oil goes up, the demand for olive oil will decrease as most consumers will tend to look for its substitutes and buy the substitutes to meet their needs.

Hence, so the demand for corn oil, which is a substitute for olive oil, will increase to meet the shifts by the consumers.

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Kalini, a package delivery service manager, is interested in implementing ________. To do this, kalini will study the routes that drivers take through a congested to city in order to identify ways that delivery staff can make the most deliveries in each two-hour period.

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Kalini, a package delivery service manager, is interested in implementing scientific management. To do this, kalini will study the routes that drivers take through a congested to city in order to identify ways that delivery staff can make the most deliveries in each two-hour period.

What is scientific management?

The scientific theory of management can be described as the theory that has to do with the way that there would be the analyzing and the synthesizing of the work flow. The aim here is to be able to improve upon efficiency and bring about increases in labor productivity.

Hence we can say that: Kalini, a package delivery service manager, is interested in implementing scientific management. To do this, kalini will study the routes that drivers take through a congested to city in order to identify ways that delivery staff can make the most deliveries in each two-hour period.

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the bullwhip effect causes an amplification of the variation in the demand pattern along the supply chain.

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The bullwhip effect causes an amplification of the variation in the demand pattern along the supply chain. - True.

The bullwhip effect refers to a particular supply chain phenomenon that indicates that a small error in assessing consumer demand has been amplified through a supply chain. It reflects the demand distortion that travels upstream in the supply chain. It describes the inventory fluctuations or inefficient asset allocation resulting from demand fluctuations further up in the supply chain.

Some of the important causes of the Bullwhip effect are lack of communication and disorganization, variation in pricing, order batching, and so on. The ways to minimize this include improving the inventory planning process, a collaboration between customers and suppliers, better communication between managers, and so on.

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Company a issuing its annual financial reports within one month of the end of the year is an example of which ingredient of primary quality of accounting information?

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Timeliness is an example of which ingredient of primary quality of accounting information

The term "timeliness" relates to the anticipated time frame for information accessibility and availability. The amount of time between when information is anticipated and when it is accessible for use can be used to gauge how timely something is.Why is promptness crucial to corporate operations?It goes without saying that prompt customer service is crucial to retaining clients. Making clients waste time due to a lack of knowledge or a delay in customer care response may be harmful to long-term loyalty, regardless of how excellent a product or service your firm gives.

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When two asset accounts are changed in a transaction, there must be an increase and a decrease. True or false?.

Answers

True, When two asset accounts are changed in a transaction, there must be an increase and a decrease.

Two asset accounts, Allocation for Doubtful Accounts and Accumulated Depreciation, are understood as contra asset statements since these reserves are expected to have credit balances.

What are the two kinds of support?

Assets can be grouped into two principal classes: tangible assets and intangible assets. Tangible assets include various subclasses, including current investments and fixed assets. Current assets include cash, products, accounts receivable, while fixed assets possess land, buildings and equipment.

What are in asset reserves?

Asset accounts are classes within the business's books that show the value of what it owns. A debit to an asset account suggests that the business owns more (i.e. increases the asset), and a credit to an investment account suggests that the business owns less (i.e. reduces the asset).

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In the context of ascertaining the research purpose, the _____ holds that decision makers are aware of only 10 percent of the true business problem.

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'In the context of ascertaining the research purpose, the iceberg principle holds that decision makers are aware of only 10 percent of the true business problem.

The Iceberg theory, or abbreviated theory, is a style of writing proposed by the American writer Ernest Hemingway. As a young journalist, Hemingway had to focus his newspaper coverage on the immediate events, with little context or interpretation.

The psychological concept that man's innate desires are also hidden in the subconscious, just like he is 90% of the iceberg under the surface. These desires are usually not met by traditional marketing research and surveys, or by observing current patterns.

Dealing with problems at the event level is often not enough. In many cases the real cause is hidden. The Iceberg Model is a tool that allows you to shift your perspective and look beyond the immediate events that everyone is aware of. It helps clarify the cause behind the occurrence of these events.

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Scanner data that provides information on purchases by brand, size, price, and flavor or formulation are called ________.

Answers

Scanner data that provides information on purchases by brand, size, price, and flavor or formulation are called volume-tracking data.

What is volume tracking data?

Volume Tracking defines how a certain volume is deformed in the flow. This means that flow inside the volume is measured  indirectly. To minimize this limitation, Volume Tracking and particle tracing can be used simultaneously.

What is scanner data?

Scanner data are the data recorded by the retailers when consumers  purchases  something . They consist of , for each article sold in a store on a given day, the number  of articles sold and the sales price. They are exchange daily by the retail chains.

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how to write an essay A farmer uses five bushels of strawberries to make a large batch of jam. the jam is poured into 20-ounce jars. to transport the jam to the market for sale, the farmer uses crates that hold 16 jars. if a bushel is equivalent to 64 pints, how many crates will the farmer need for this batch of jam? Help help help please Patriarchy can be defined as? a. homophobia b. male domination c. male objectification d. empowerment can u please help me solve this PLEASE HELP IM TIMED How many accented syllables are in the following line? Reaching upward now. O three O four O five Both bananas and apples cost $1/each. paul is deciding how many apples and bananas to purchase for $100. after careful deliberation, he decides to buy 100 apples and 0 bananas. this is an example of:_____. While caring for a child who has a defect in humoral immunity, the nurse would focus the assessment on the development of which type of infection? The aryans migrated south from __________ in the 5th millennium bce and spread over northern india, the middle east, and europe eclipsing the peaceful, older goddess culture Exercise 5 Complete each sentence by adding the adverb in the form indicated. Unfortunately, the team from Vernon played _______________ best . (well, superlative) The primary hardware component of a computer responsible for routing data and instructions to and from the various components of a computer is the? After the arrival of europeans, the greatest number of indians died as a result of:________ a. depression. b. starvation. c. battle. d. disease. e. enslavement. Exercise 2 Complete each sentence by filling in an appropriate pronoun of the type indicated.The Zaire River,__________ which is 2,900 miles long, is of great importance to the people of the area. (relative) Which of the following shows the proper way to write a scientific nameusing the "rules" I lectured about? WILL GIVE BRAINLIEST!!! I have 200 hours to make as much Lemonade as possible, and I can make 1 pitcher every 10 minutes. Write an inequality to represent my time constraint. According to the text, those who want to have a greater impact on the political system and get more of what they want should ______. Honey should not be given to infants under the age of 1 year because it may contain spores of _____ that, in severe cases, may lead to paralysis. Amazon delivery boxes are launched from a horizontal conveyor belt moving at a rate of 3 m/s into bins for shipping. If the surface of the conveyor belt is 1.4 m off the ground, what is the range of each Amazon box? Show some work Buffers work best when. Buffers work best when. The ratio of h to oh- is close to 1. 0. Nearly all of the buffer molecules are undissociated. Nearly all of the buffer molecules are dissociated. The ph is nearly neutral. About half of the buffer molecules are dissociated The rate at which employees leave an organization is? a. turnover b. conformance c. workforce planning d. staffing