Aretirement plan guarantees to pay you or your estate a fixed amount for 20 years. at the time of retirement, you will have $31,360 to your credit in the plan. the plan anticipates earning 8% interest annually over the period you receive benefits. how much will your annual benefits be, assuming the first payment occurs one year from your retirement date?

Annual benefit = $3194

Explanation:

Given data:

Period of annuity = 20 years

Total  Amount of money at retirement time = $31,360

Rate of interest = 8%

annual benefit can be obtained b using given formula:

annual benefit  

PV factor for given 8% rate for 20 year is 9.8181

Annual benefit =

answer; /// i believe the correct answer is (all of the above);

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.