You are planning your retirement in 15 years. you plan to retire with $3,000,000 and your retirement account earns 4.8% compounded monthly. after you retire, you plan on withdrawing $15,000 per month from your account until you have nothing left. how many years can you live off your retirement account after you retire?

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.