Business, 21.12.2019 00:31 adrianaa52

Your client has been given a trust fund valued at $1.07 million. he cannot access the money until he turns 65 years old, which is in 30 years. at that time, he can withdrawal $28,500 per month. if the trust fund is invested at a 5.0 percent rate, how many months will it last your client once he starts to withdraw the money?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 17:10

At the beginning of the accounting period, nutrition incorporated estimated that total fixed overhead cost would be $50,600 and that sales volume would be 10,000 units. at the end of the accounting period actual fixed overhead was $56,100 and actual sales volume was 11,000 units. nutrition uses a predetermined overhead rate and a cost plus pricing model to establish its sales price. based on this information the overhead spending variance is multiple choice $5,500 favorable. $440 favorable. $5,500 unfavorable. $440 unfavorable.

Answers: 3

Answer

Business, 22.06.2019 06:20

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58

Answers: 1

Answer

Business, 22.06.2019 09:40

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.

Answers: 3

Answer

Business, 22.06.2019 14:00

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:

Answers: 2

Answer

You know the right answer?

Your client has been given a trust fund valued at $1.07 million. he cannot access the money until he...

Questions

Business, 23.06.2020 16:01

The ledger of Jahnke, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2,400...