A person in retirement is depositing $300,000 in a saving account that pays 5% interest per year. The person plans to withdraw money from the account once a year. He starts by withdrawing $25,000 after the first year, and in future years he increases the amount he withdraws according to the inflation rate. For example, if the inflation rate is 3%, he withdraws $25,750 after the second year. Calculate the number of years the money in the account will last assuming a constant yearly inflation rate of 2%. Make a plot that shows the yearly withdrawals and the balanceof the account over the years.

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?

The new york stock exchange is an example of what type of stock market?

Why is investing in a mutual fund less risky than investing in a particular company’s stock?