Home / Questions / When you reach retirement age you will have one fund of $100,000 from which you are going...
When you reach retirement age, you will have one fund of $100,000 from which you are going to make annual withdrawals of $14,702. The fund will earn 6% per year. For how many years will you be able to draw an even amount of $14,702?
51. Big League Sports borrowed $883,212 and must make annual year-end payments of $120,000 each. If the applicable interest rate is 6%, how many years will it take Big League Sports to pay off the loan?
52. Daley Co. lends $524,210 to Davis Corporation. The terms of the loan require that Davis repay the loan with six semiannual period-end payments of $100,000 each. What semiannual interest rate is Davis paying on the loan?
53. A company is beginning a savings plan. It will save $15,000 per year for the next 10 years. How much will the company have accumulated after the tenth year-end deposit, assuming the fund earns 10% interest?
54. You hope to retire in 10 years. Regrettably you are only just now beginning to save money for this purpose. You expect to save $6,000 a year at an annual rate of 8%. How much will you have accumulated when you retire?
55. A company is setting up a sinking fund to pay off $8,654,000 in bonds that are due in seven years. The fund will earn 7% interest, and the company intends to put away a series of equal year-end amounts for seven years. What amount must the company deposit annually?
Jan 27 2020 View more View Less
Find a unit tangent vector at the indicated point: r(t) = {t,sint,cost),t== a. u= (0,-1,0). obv=
May 07 2021For the nouns listed, write the plural forms in the spaces provided. Use your dictionary as needed.PhD ________
Jun 11 2021Questions - Engineering - Civil engineering - class homework assignment - set 56 Question – 1 In designing mini-piles, should the strength of grout be neglected during as...
May 24 2020Here are the questions that your group is required to answer for Case #1 Clarkson Lumber. You need to number the question you are answering and completely answer the ques...
Jan 31 2020Why do economists rely more on empirical evidence today than they did 100 years ago?
Apr 24 2020describe how the philosophy principles that you have learned in this course, especially as it relates to critical thinking skills, is a critical component to one’s develo...
Apr 15 2020Which type of advertising is most appropriate for introducing new product categories? [A]Reminder advertising [B]Informative advertising [C]Persuasive advertising [D]...
Dec 19 2017Find the scalar and vector projection of b onto a.
Jul 16 2021the velocity of a particle moving along the x-axis is v(t)=-(t-1)^2+2 for 0 is less than or equal to t is less than or equalto 6.If at time t=0 the particle is at the ori...
Aug 23 20211.A community wants to create a park on some vacant property on the outskirts of the town (zoned commercial). They estimate the benefit to the community to be worth $1,50...
May 17 2021