You will make deposits of $1,100 at the beginning of each year for 35 years in your investment account. The first payment will be made today. After 35 years, you will immediately withdraw all money from the account to buy a retirement annuity for 20 years with equal annual payments (paid at year-end). If the annual rate of return over the entire period (55 years) is 5%, how much is the annual payment you will receive after retirement? $7,579.78 $8,370.90 $5,069.41 $7,972.29 $9,540.58

Answers

Answer 1

The annual payment you will receive after retirement is approximately $7,579.78. Here option A is the correct answer.

To calculate the annual payment you will receive after retirement, we need to follow these steps:

Step 1: Calculate the future value of the deposits over 35 years.

Using the formula for the future value of an ordinary annuity, we can calculate the future value of the deposits. The formula is:

\(FV = P * ((1 + r)^n - 1) / r\)

Where:

FV = Future Value

P = Annual deposit payment

r = Annual interest rate

n = Number of years

Plugging in the values, we have:

\(FV = 1100 * ((1 + 0.05)^{35} - 1) / 0.05\)

FV ≈ 94197.78

Step 2: Calculate the annual payment for the retirement annuity.

Now, we need to calculate the annual payment you will receive during retirement. We know that the future value of the deposits is $94,197.78, and this amount will be used to fund the annuity for 20 years.

Using the formula for the present value of an ordinary annuity, we can calculate the annual payment. The formula is:

\(PV = A * (1 - (1 + r)^{(-n)}) / r\)

Where:

PV = Present Value

A = Annual payment

r = Annual interest rate

n = Number of years

Plugging in the values, we have:

\(94197.78 = A * (1 - (1 + 0.05)^{(-20)}) / 0.05\)

Now, solving this equation for A, we find:

A ≈ $7,579.78

Therefore, the annual payment you will receive after retirement is approximately $7,579.78. So, the correct answer is $7,579.78.

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Complete question:

You will make deposits of $1,100 at the beginning of each year for 35 years in your investment account. The first payment will be made today. After 35 years, you will immediately withdraw all money from the account to buy a retirement annuity for 20 years with equal annual payments (paid at year-end). If the annual rate of return over the entire period (55 years) is 5%, how much is the annual payment you will receive after retirement?

A - $7,579.78

B - $8,370.90

C - $5,069.41

D - $7,972.29

D - $9,540.58


Related Questions

why is self-representation important in the corporate world?

Answers

The correct answer is A. It determines the kind of interaction you have with your coworkers.

What is self-representation?Self-representation is the word used to describe people's conceptions, ideas, and beliefs about themselves and how these ideas, beliefs, and conceptions affect the way they present themselves to others.Additionally, one's self-perception affects attitudes, behaviors, and interactions with others. For instance, if you think of yourself as superior to others, you probably have arrogance, which will negatively affect your dealings with others. This is especially important in the business environment because it may have an impact on relationships with colleagues. This states that self-representation is crucial because "it controls the interactions you have with your coworkers." A is the right response. Your interactions with coworkers are influenced by it.

The complete question is,

Why is self-representation important in the corporate world?

a. It determines the kind of interaction you have with your coworkers.

b. It determines the percentage of salary increases during appraisals.

c. It shows that you are an honest person with strong work ethics.

d. It shows your self-management abilities.

e. It helps you avoid conflicts

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Prompt
What is the wholesaling industry?

Answers

The wholesaling industry involves the buying, storing, and reselling of goods from manufacturers to retailers. Wholesalers buy goods in bulk from manufacturers at a discounted rate and then resell them to retailers at a higher price. The wholesaling industry is a major part of the supply chain, providing retailers with the goods they need to sell to consumers. Wholesalers typically focus on specific product categories, such as office supplies or home goods, and can be either independent businesses or part of a larger organization. The wholesaling industry is an important link between manufacturers and retailers, and helps to ensure that goods are available to consumers when they need them.

which luxurious brand of shoes was memorably featured in the o.j. simpson murder trial

Answers

The luxurious brand of shoes that was memorably featured in the O.J. Simpson murder trial was Bruno Magli. Simpson was acquitted of the murder charges, but the Bruno Magli shoes became an iconic symbol of the trial. The brand gained notoriety and even issued a statement after the trial saying that they were "innocent" of any involvement in the case.

In 1994, O.J. Simpson was accused of murdering his ex-wife, Nicole Brown Simpson, and her friend, Ronald Goldman. During the trial, a pair of shoes found at the crime scene became a key piece of evidence. The shoes were identified as a size 12 Bruno Magli, a high-end Italian shoe brand. This was significant because Simpson claimed that he never owned or wore Bruno Magli shoes. However, the prosecution argued that the shoe prints found at the crime scene were a match to the Bruno Magli shoes, leading to speculation that Simpson was lying.

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13. The directors of a firm have to discuss the following topics. Which topic is least likely to be directly affected by
the government's influence on the firm?
A) health and safety laws
B) the interest it pays on borrowed money
C) the minimum wage it must pay its workers
D) the replacement of the director of finance​

Answers

Answer:

D) the replacement of the director of finance​

Explanation:

The replacement of the director of finance is an internal affair on the company. It is not subject to any government regulations, unlike the other options. In choosing the director of finance, the company directors will select the best candidate for the job according to their judgment. In deciding who will the next director of finance, the directors don't need to consult any other person or regulations.

A) Health and safety laws,  interest on loans, and the minimum wages are subject to regulation by government agencies such as OSHA for health and safety and the Federal Reserve for interest rates.

for class, I have to invest in stock on the Investopedia stock simulator why in the simulator under holding are there OPTIONS & SHORTS?
what is an OPTION and are they something to invest in?
what are SHORTS and are they something to invest in?

for class, I have to invest in stock on the Investopedia stock simulator why in the simulator under holding

Answers

Answer:

Depends on the time you have to invest

Explanation:

Options are when you bet on the stock to go up in a certain time period that you choose in the Option if the stock goes under before you exit you lose money if it goes up by the time you exit you earn money

Shorts are when you bet on the stock to go down using options

Options have alot of risk with them meaning if you study the company.

use nasdaq and other resources to see the rising stocks of the day/week and look into those if you are investing in a short period due to the fact those stocks are more likely to go up in a fast period of time but you should put a stop-loss on those due to the fact its likely the stock can crash at any time and you need to plan a proper exit.

Just do proper research and analyze the risk you are placing on this fictional money.

I am not a licensed Financial Advisor so use this information for discretionary purposes.

Advertising, sales promotion, public relations, and buzz building activities are all ________. A) channels that should be integrated under the concept of integrated marketing communications B) channels focused more on interactive marketing than traditional marketing C) promotional tools used for push strategies but not pull strategies D) promotional tools used for pull strategies but not push strategies

Answers

Answer:

B

Explanation:

Hope it helped you1

introduction to operations and supply chain management 4th edition pdf free

Answers

The design, planning, execution, control, and monitoring of all supply chain activities are included in supply chain management operations.

Operations and Supply Chain Management (OSCM) is a vast field that includes tasks including sourcing, materials management, operations planning, distribution, logistics, retail, demand forecasting, order fulfillment, and more. Both the industrial and service businesses are covered.

It encompasses all aspects of the path that items travel from suppliers to ultimate consumers.

In order to function, every ecosystem, including the government, banks, schools, and hospitals, either consumes or sells goods.

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1. A fast‑food restaurant chain is considering a store expansion
program. The most important factor to consider is next 10 years’
economy. It is estimated that there is a 50% chance that it goes
u

Answers

As per the given scenario, the fast-food restaurant chain is planning for a store expansion program. The most important factor to consider for such a program is the economy of the next 10 years. The estimated chance of the economy going up is 50%.

If the economy is expected to grow, then it is likely that people will have more disposable income to spend on eating out, including at fast-food restaurants. This means that the demand for fast-food will increase, which would make it a good time for the restaurant chain to expand its stores. On the other hand, if the economy is not expected to grow in the next 10 years, it would make the expansion program risky. During a recession, people usually cut down their expenses on eating out and instead prefer to cook at home. This would lead to a decrease in the demand for fast-food, and hence the restaurant chain might not get the desired return on investment.

In conclusion, the economic condition of the next 10 years plays a crucial role in determining the feasibility of the store expansion program. The estimated chance of the economy going up is 50%, which means that the restaurant chain needs to weigh its risks and benefits carefully before deciding whether to go ahead with the program or not.

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Discuss ways in which businesses can deal with change in the workplace

Answers

Be honest about your concerns. ...
Practice positive thinking. ...
Communicate with your superior frequently. ...
Re-evaluate your job and your place within the company. ...
Ask questions frequently. ...
Take a skills course. ...
Confide in family and friends for support.

A list of sources that is used for in-text citations that usually appears at the end of the document is called

Answers

Answer:

This is called an editors reference.

Explanation:

They typically appear in research papers on any documents that come from websites or 3rd party that can be credited.

Will cash bonuses speed the return to work of unemployed people? A state department of employment security notes that last year 68% of people who filed claims for unemployment insurance found a new job within 15 weeks. As an experiment, the state offers $500 to people filing unemployment claims if they find a job within 15 weeks. The percent who do so increases to 77%.

Answers

Answer:

Apparently handing out a cash incentive for getting a job when you are unemployed really works. A 9% increase in the number of unemployed people getting a new job is significant.

But this hypothesis has a flaw. Is there any way that you can tell if people quit on purpose just to be able to file for unemployment and get the cash bonus? Unemployment benefits vary a lot depending on the state, but the national average is $378 per week. If you multiply that by 4¹/₂ weeks per month = $1,701 (roughly). It is not a fortune, but its not that bad either.

If we add the extra $500 cash bonus to the total unemployment benefits, in 15 weeks a person could earn $500 + (15 x $378) = $6,170 for not working.

It doesn't make sense for someone earning a high salary to quit just to get unemployment benefits, but being unemployed pays you $6,170 / (15 x 40 hours) = $10.28 per hour and that is more than the minimum wage.

True or False?
Social workers work at both the state and national level.

Answers

True




Explanation: because true

In HVAC systems, sensors are one of the most important components. i. What is the main function of the sensors? ii. Based on different HVAC variables, what kind of sensors are normally used in the intelligent buildings? iii. Explain the different sensors with their advantages and disadvantages Resistance temperature devices ► Thermistors Thermocouples (14 marks)

Answers

In HVAC systems, sensors play a crucial role in regulating indoor climate control. They measure various environmental parameters and send signals to the system for effective control. Different types of sensors are used in intelligent buildings based on HVAC variables. These sensors include temperature sensors, occupancy sensors, humidity sensors, carbon monoxide sensors, light level sensors, and pressure sensors. Each sensor serves a specific function and contributes to optimizing HVAC performance.

1. Temperature Sensors:

Temperature sensors, such as Resistance Temperature Devices (RTDs), thermistors, and thermocouples, measure ambient temperature. RTDs offer high accuracy and repeatability, while thermistors are highly sensitive and cost-effective. Thermocouples have a wide temperature range but lower accuracy compared to RTDs and thermistors.

2. Occupancy Sensors:

Occupancy sensors detect the presence of occupants in a space and help control HVAC systems based on occupancy. They contribute to energy efficiency by optimizing HVAC usage.

3. Humidity Sensors:

Humidity sensors measure moisture content in the air. They assist in maintaining appropriate humidity levels for occupant comfort and preventing moisture-related issues.

4. Carbon Monoxide Sensors:

Carbon monoxide sensors detect harmful gas presence, ensuring indoor air quality and safety.

5. Light Level Sensors:

Light level sensors monitor light intensity in a space, enabling daylight harvesting and controlling artificial lighting systems to conserve energy.

6. Pressure Sensors:

Pressure sensors measure air pressure within the HVAC system. They help monitor and regulate airflow, ensuring proper ventilation and system performance.

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Which of the following is not one of the risk categories
A:Practical
B:controllable
C:Pure
D:Speculative

Answers

Answer:

pretty sure controllable bc controllable isn't a risk. ( I've I had brainliest could u pls give me it ???)

What do disability insurance and life insurance have in common?

A.
Both are provided by your employer at the employer’s expense.
B.
Both charge the same amount for the policy premium.
C.
Both cover an unexpected loss of income.
D.
Both cover beneficiaries in the event of your death.

Answers

Answer:

C. Both cover an unexpected loss of income.

Explanation:

Disability Insurance protects against loss of income due to the inability to ask, resulting from injuries. This insurance policy compensates the insured for lost income due to incapacitation.

Life insurance offers protection against loss of income should the insured die. Life insurance pays the insured beneficiaries a specified sum of money as stipulated in the insurance contract. It is an assurance the insured's family will be compensated for the loss of income occasioned by their death.

Explain Jodi's self esteem throughout Tall Girl? Movie

Answers

Answer:

Poor

Explanation:

Jodi is very self-concious about her height. She thinks that it makes her different than other "normal" people among her peers, or even inferior to more feminine, smaller girls.

Answer:

Explanation:

'Tall Girl' Review: A Ridiculous Take on the Teenage Self-Love Narrative ... This week, we gave our group of interns a challenge: pick a movie from ... narrates Jodi (Ava Michelle) as she towers over a high school hallway in Tall Girl. ... Pain is relative, but Tall Girl treats Jodi's height as if it were the end-all,

systematic risk is _____________ and unsystematic risk is _____________.

Answers

systematic risk is undiversifiable and unsystematic risk is diversifiable. In  systematic risk is undiversifiable because it affects the entire market, while unsystematic risk is diversifiable as it can be reduced through portfolio diversification.

Systematic risk, also known as market risk, refers to the risk factors that affect the entire market or a specific segment of it. These factors, such as economic conditions, interest rates, or geopolitical events, cannot be eliminated through diversification. Systematic risk affects a wide range of assets and cannot be mitigated by spreading investments across different securities or asset classes.

On the other hand, unsystematic risk, also known as specific risk or diversifiable risk, is the risk that is unique to a particular company, industry, or asset. This type of risk can be reduced or eliminated through diversification. By investing in a variety of assets with different risk profiles, such as stocks from different sectors or geographic regions, investors can reduce the impact of unsystematic risk on their overall portfolio.

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What is a loan forgiveness program? everfi
1. A legal action that can be taken if the loan company has discriminated against you.

2. A program that allows you to correct mistakes on a loan application.

3. A program that reduces or wipes away the amount of your loan if you are eligible.

4. A policy of most loan companies where up to 6 late payments are accepted without penalties.

Answers

Answer:

Option 3.

Explanation:

A program that reduces or wipes away the amount of your loan if you are eligible  is a loan forgiveness program. The Public Service Loan Forgiveness Program is designed to encourage people to get into and stay in full-time public service careers.

How does loan forgiveness programs work?

If one is qualify for full forgiveness, cancellation, or discharge of its loan, they are no longer obligated to make payments.

If one is only eligible for forgiveness, cancellation, or discharge of a portion of their loan, they must return the remaining sum.

Thus, option c is correct.

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Match the tasks with the professionals who would complete them.

Match the tasks with the professionals who would complete them.

Answers

Meteorologist: measure the temp and humidity, creates charts and graphs to educate the public
Videographer: use editing softwares, discuss filming techniques
Network administrator: train users how to use the system, determine ways to make the system more effective
Hope this helps!

Answer:

Explanation:

1,3 and 2,4 and 5,6 and thats it

Explain the differences between a partnership and a corporation

Answers

A corporation is an independent legal entity owned by shareholders, in which the shareholders decide on how the company is run and who manages it. A partnership is a business in which two or more individuals share ownership.

Discuss how does IFRS 10 assist investors to assist to
determine whether potential voting rights is or have ceases to be
substantive.

Answers

IFRS 10 Consolidated Financial Statements establishes principles for the preparation and presentation of consolidated financial statements. The standard requires the consolidated financial statements to reflect the assets, liabilities, equity, revenue, expenses and cash flows of a parent and its subsidiaries as if they were a single entity.

In order to assess control, the standard establishes three criteria that must be met: (a) the ability to influence the investee's operating and financial policies, (b) exposure or rights to variable returns from the investee, and (c) the ability to use power over the investee to affect returns. An investor must have a substantive voting right in order to satisfy the first criterion. An investor's voting rights are considered substantive if they have the power to affect the returns of the investee.

In the context of the assessment of control, IFRS 10 provides specific guidance on how to assess the significance of potential voting rights. An investor must consider the nature of its voting rights, the size of its investment, and the level of other investors' ownership in the investee, among other factors, in order to determine whether its voting rights are substantive.

In conclusion, IFRS 10 Consolidated Financial Statements assists investors in determining whether their potential voting rights in an entity are or have ceased to be substantive. The standard provides guidance on how to assess the substance of their involvement with an investee, the significance of their voting rights, and when and how to consolidate an investee. Investors must determine whether their voting rights have the potential to affect the economic returns of the investee, and if so, whether they are significant enough to warrant consolidation.

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Using the relevant financial securities and
institutions, explain the chain of events which lead to the 2007
global financial crisis.

Answers

The chain of events leading to the 2007 global financial crisis was influenced by a combination of factors, including the housing market bubble, subprime lending practices, securitization of mortgages, flawed credit ratings, excessive risk-taking by financial institutions, and the interconnectedness of the global financial system.

The 2007 global financial crisis was a complex event that involved various financial securities and institutions.

1. Housing Bubble: In the early to mid-2000s, there was a housing bubble in the United States, fueled by factors such as loose lending standards, low interest rates, and speculation. Housing prices soared, leading to an increased demand for mortgage loans.

2. Subprime Mortgages: To meet the rising demand for mortgage loans, financial institutions started offering subprime mortgages to borrowers with lower creditworthiness. These mortgages had higher interest rates and were often bundled into mortgage-backed securities (MBS).

3. Securitization and Collateralized Debt Obligations (CDOs): Mortgage-backed securities were packaged into complex financial instruments known as collateralized debt obligations (CDOs). CDOs pooled together various types of mortgages, including subprime mortgages, and were sold to investors.

4. Credit Rating Agencies: Credit rating agencies assigned high ratings to many of these CDOs, indicating that they were relatively safe investments. However, the agencies underestimated the risks associated with the underlying subprime mortgages.

5. Financial Institutions' Investments: Financial institutions, including banks and investment firms, invested heavily in these CDOs and other complex derivatives, assuming they were low risk due to their high credit ratings. These investments were often funded through short-term borrowing.

6. Deterioration of Mortgage Market: As housing prices started to decline and the number of mortgage defaults increased, the value of mortgage-backed securities and CDOs plummeted. This created a crisis of confidence in the financial markets.

7. Interconnectedness and Systemic Risk: The financial institutions holding these toxic assets faced significant losses, impacting their capital positions. Moreover, the interconnectedness of the global financial system through complex financial products and counterparty relationships amplified the crisis, leading to a freeze in credit markets.

8. Financial Institution Failures and Bailouts: Several major financial institutions faced insolvency or collapse, including Lehman Brothers. This prompted government interventions, such as bailouts and emergency liquidity measures, to stabilize the financial system and prevent further contagion

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The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False

Answers

Answer:

true

Explanation:

it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall

Answer:

True

Explanation:

have a good day

A manufacturing company had been under pressure to increase profits, so it began to produce additional goods. The company was encouraged by the initial increases in revenue, even though profits per item produced were lower than average. Still, total profits increased, so the company decided to make another significant increase in production. This time, however, the profit per item had decreased so much that the company made almost no extra profit from the increase in production. This situation illustrates what concept?
A. Productivity analysis
B. Cross-training
bC. Law of diminishing returns
D. Comparative advantage​

Answers

Answer:

C. Law of diminishing returns

Explanation:

Diminishing marginal returns is when a manufacturing firm experiences reduced returns as production increases. According to the theory of diminishing marginal return, a business experiences increased returns with the added inputs until it reaches its maximum production capacity. Additions inputs will not results in more output as production has already reached its peak.

Deploying additional inputs will result in reduced profitability. Inputs are a cost to a business. The additional expenses are not resulting in extra income as output is not increasing. The manufacturing firm was experiencing reduced profits per item because costs were increasing, but  income was constant.

"Monetary policy can be described either in terms of the money supply or in terms of the interest rate." This statement amounts to the assertion that a. the activities of the Federal Reserve’s bond traders are irrelevant if the Federal Reserve decides to target an interest rate. b. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.

Answers

Answer:

b

Explanation:

The monetary policy is not fundamently altered

A promotional tool that involves people telling other people about products they've purchased is known as a(n) ______.

Answers

Hello,

Answer:

A promotional tool that involves people telling other people about products they've purchased is known as a(n) word of mouth promotion.

A celebrity tells the paparazzi where to be so they can be photographed with their newest date: the son of a
politician who opposes the type of media the celebrity appears in. What marketing concept MOST closely describes
the celebrity's actions?
push marketing
pull marketing
O
buzz
O
hype

Answers

In case whereby A celebrity tells the paparazzi where to be so they can be photographed with their newest date and the son of a politician who opposes the type of media the celebrity appears  the marketing concept that describes celebrity's actions is  Push marketing.

What is  Push marketing?

Push marketing  can be described as the type of marketing which is been considered as the traditional avenues of advertising and marketing, which can make use of the series of television ads  so tat they can promotion about the products for more sales in the company.

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Why is it important for public corporations to comply with audits

Answers

Answer:

Explanation:

Accounting and auditing professionals serve an absolutely vital role in our capital markets. Transparent, informative and accurate financial reporting are the lifeblood of the capital markets and are essential for investors to make informed decisions as to how to allocate their capital.

You choose to complete your homework rather than watch television so that you can earn a good grade. You made the choice with the lowest ______.

A. Opportunity cost

B. Demand

C. Scarcity

D. Benefit

Answers

Answer:

A. Opportunity cost

Explanation:

In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Hence, the opportunity cost of a choice is the benefits that could be derived in from another choice using the same amount of resources.

For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.

In this scenario, you choose to complete your homework rather than watch television so that you can earn a good grade. Therefore, you made the choice with the lowest opportunity cost.

Answer:

Opportunity cost

Explanation:

Which is not a responsibility of a human resources manager? Choose the answer.

Question 3 options:

revising personnel policies and procedures


revising job descriptions


maintaining company employee contact information


developing the company's strategic plan

Answers

Answer:

maintaining company employee contact information

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