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AURORKA [14]
2 years ago
6

You want to have $1 million to use for retirement in 35 years. If you can earn 1% per month, how much do you need to deposit on

a monthly basis if the first payment is made in one month
Business
1 answer:
Phoenix [80]2 years ago
6 0

Answer:

0.35

Explanation:

that's the answer thank you and stay safe and take care!!!

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A step-by-step process that involves several procedures such as defining the problem, collecting relevant information, and analy
Inga [223]

Answer:

I think the answer is market research.

Explanation:

i dont know

4 0
3 years ago
Ada signed a simple discount promissory note for $5,500. the discount rate is 12%, and the term of the note is 5 months. what ar
Ivahew [28]
<span>Given that, Promissory note A = 5,500 Discount rate i = 12% i = 12/100 Term n= 5 months we know that, 1 year = 12 months 5 months= 5/12 So we get, A = 5,500 i = 12/100 n= 5/12 To find the ada's proceeds on the loan formula is, Proceeds=A(1+i)^n ........... (1) Put the value of A,i,n in equ (1) Proceeds=5500(1+12/100)^5/12 =5500(1+0.12)^0.417 =5500(1.12)^0.41667 =5500(1.04835) Proceeds=5765.94 Therefore $5765.94 Proceeds on the loan</span>
3 0
3 years ago
On January 1, 2019, Cullumber Corporation acquired machinery at a cost of $1650000. Cullumber adopted the straight-line method o
Tatiana [17]

Answer:

$0

Explanation:

Since in the given situation there is a depreciation method change i.e. from the straight-line method to double-declining method so there would be no impact restrospectively.

Hence, there would be no cumulative impact as it creates the impact prospectively

So the impact would be zero

7 0
3 years ago
You expect to receive year-end bonuses of $8,000 at the end of this year, $16,000 at the end of year 4, $20,000 at the end of ye
yulyashka [42]

Answer:

Total PV= $46,728.79

Explanation:

Giving the following information:

Cash flow:

Cf1= $8,000

Cf4= $16,000

Cf8= $20,000

Cf10= $25,000

Discount rate= 6%

To calculate the present value, we need to use the following formula on each cash flow:

PV= FV/(1+i)^n

Cf1= 8,000/(1.06^1)= 7,547.17

Cf4= 16,000/(1.06^4)= 12,673.50

Cf8= 20,000/(1.06^8)= 12,548.25

Cf10= 25,000/(1.06^10)= 13,959.87

Total PV= $46,728.79

7 0
3 years ago
If your superior tells you that they will offer you a raise if you perform additional work beyond the requirements of your job,
Basile [38]

Answer:

Legitimate power.

Explanation:

Legitimate power is the type of one that is exercised by someone in a position of authority in the workplace.

The leader gives instructions based on his official office or title in the organisation.

I'm the given scenario where your superior tells you that they will offer you a raise if you perform additional work beyond the requirements of your job, he is stating conditions got a pay raise based on his position as your supervisor

7 0
3 years ago
Read 2 more answers
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