You decide to open an individual retirement account (ira) at your local bank that pays 8%/year compounded annually. at the end of each of the next 40 years, you will deposit $4,000 into the account. three years after your last deposit, you will begin making annual withdrawals. what annual amount will you be able to withdraw if you want the withdrawals to last: a. 20 years? b. forever?

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm

River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%

Match each economic concept with the scenarios that illustrates it