Business, 17.02.2020 17:55 anoynomouskali9297
Steve and Ed are cousins who were both born on the same day, and both turned 25 today. Their grandfather began putting $2,300 per year into a trust fund for Steve on his 20th birthday, and he just made a 6th payment into the fund. The grandfather (or his estate's trustee) will make 40 more $2,300 payments until a 46th and final payment is made on Steve's 65th birthday. The grandfather set things up this way because he wants Steve to work, not be a "trust fund baby," but he also wants to ensure that Steve is provided for in his old age.
Until now, the grandfather has been disappointed with Ed, hence has not given him anything. However, they recently reconciled, and the grandfather decided to make an equivalent provision for Ed. He will make the first payment to a trust for Ed today, and he has instructed his trustee to make 40 additional equal annual payments until Ed turns 65, when the 41st and final payment will be made. If both trusts earn an annual return of 8%, how much must the grandfather put into Ed's trust today and each subsequent year to enable him to have the same retirement nest egg as Steve after the last payment is made on their 65th birthday?
(A) $3,428
(B) $2,639
(C) $3,359
(D) $3,565
(E) $2,673
Answers: 3
Business, 21.06.2019 18:00
Emily bought 200 shares of abc co. stock for $29.00 per share on 60% margin. assume she holds the stock for one year and that her interest costs will be $80 over the holding period. ignoring commissions, what is her percentage return (loss) on invested capital if the stock price went down 10%?
Answers: 2
Business, 21.06.2019 23:10
Kando company incurs a $9 per unit cost for product a, which it currently manufactures and sells for $13.50 per unit. instead of manufacturing and selling this product, the company can purchase product b for $5 per unit and sell it for $12 per unit. if it does so, unit sales would remain unchanged and $5 of the $9 per unit costs assigned to product a would be eliminated. 1. prepare incremental cost analysis. should the company continue to manufacture product a or purchase product b for resale? (round your answers to 2 decimal places.)
Answers: 1
Business, 22.06.2019 21:20
Which of the following best describes the advantage of living in a suburban area? a. suburbs give people access to city jobs along with more living space. b. suburbs give people easy access to cultural attractions and high-paying jobs. c. suburbs have the widest availability of low-cost housing of any living area. d. suburbs have the lowest population density of any living area.
Answers: 1
Steve and Ed are cousins who were both born on the same day, and both turned 25 today. Their grandfa...
Mathematics, 12.03.2020 06:05
Spanish, 12.03.2020 06:05
Mathematics, 12.03.2020 06:05
Mathematics, 12.03.2020 06:05
Physics, 12.03.2020 06:05
Mathematics, 12.03.2020 06:05
Biology, 12.03.2020 06:05