On January 2, 2016, Christopher inherited a trust fund that he could use for college tuition. Christopher hopes to make five equal withdrawals of $40,000 each year for the next five years from the fund that will earn 10% compounded annually. The first withdrawal will be made on January 2, 2017. How much does he need to have invested in the fund on January 2, 2016, to be able to withdraw the
needed amounts each year?
A) $151,631
B) $200,000
C) $244,204
D) $268,624
A
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Briefly explain the various service outputs that marketing channels produce
What will be an ideal response?
Fallgatter, Inc, expects to sell 17,500 units. Each unit requires 3 pounds of direct materials at $12 per pound and 2 direct labor hours at $10 per direct labor hour. The overhead rate is $8 per direct labor hour. The beginning inventories are as follows: direct materials, 2,000 pounds; finished goods, 2,500 units. The planned ending inventories are as follows: direct materials, 5,600 pounds;
finished goods, 3,000 units. Given a planned production of 10,000 units, what are the planned direct materials purchases? a. $331,200 b. $295,200 c. $367,200 d. $403,200
The system of accounting where revenues are recorded when they are earned and expenses are recorded when they are incurred is called the cash basis of accounting
Indicate whether the statement is true or false
If fixed costs are $300,000, the unit selling price is $31, and the unit variable costs are $22, what is the break-even sales (units) if fixed costs are reduced by $30,000?
A) 30,000 units B) 8,710 units C) 12,273 units D) 20,000 units