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2 years ago

Which solutions would be appropriate for everyone in both low financial wellness groups?

Business

1 answer:

Ghella [55]2 years ago

5 0

Answer:

Send information about the benefits of using an employer math for retirement

Explanation:

I got it right.

You might be interested in

Before taking out a loan, you should ask yourself whether you can meet all of your essential expenses and still afford the month

sineoko [7]

Answer:

Adding up basic monthly expenses and subtracting this total from take-home pay, plus trying to find out ways or figuring out what to give up to make the monthly loan payment.

Explanation:

A loan is simply a borrowed money that must be repaid at a certain point in time.

Before taking out a loan, it is better you ask yourself some questions like the reason for the loan collection, how much am i earning and willing to set aside for the loan repayment and will it be monthly and other questions.

8 0

3 years ago

While searching Ancestry.com, you learn that you are a direct descendant and sole living heir of Alexander Hamilton who founded

34kurt

Answer:

C. $1.24 million

Explanation:

Given that

Annualized interest compounded = 5%

For monthly, it would be = 5% ÷ 12 months = 0.4167%

Time = 235 years

For monthly, it would be = 235 years × 12 months = 2,820

Present value = $10

We know that

Future value = Present value × (1 + interest rate)^number of years

= $10 × (1 + 0.4167%)^2820

After solving this, the answer would be $1.24 million

6 0

3 years ago

Both you and your older brother would like to have $28,500 in 14 years. Because of your success in this class, you feel that you

Nina [5.8K]

How much less than your brother will you have to deposit today is $1,820.78.

First step

Future value = Present value × (1 + interest rate)^number of years

$28,500 = Present value × (1 + 0.105)^14

Present value= $28,500 ÷ 1.105^14

Present value= $28,500 ÷ 4.04642869977

Present value=$7,043.25

Second step

Future value = Present value × (1 + interest rate)^number of years

$28,500 = Present value × (1 + 0.087)^14

Present value= $28,500 ÷ 1.087^14

Present value= $28,500 ÷3.21524163645

Present value=$8,864.03

Third step

Deposit today=-$8,864.03-$7,043.25

Deposit today= $1,820.78

Inconclusion how much less than your brother will you have to deposit today is $1,820.78.

Learn more about present value here:brainly.com/question/15904086

8 0

3 years ago

A company has a unit contribution margin of $50, fixed costs of $15,000 and a target profit of $20,000 after-tax. If the tax rat

sweet-ann [11.9K]

Answer:

The company must sell 800 units in order to earn the target.

Explanation:

This question requires us to calculate number of units required to be sold in order to acheive target profit. The answer can be calculated using simple break even calculation methodology.

To find number of units required to be sold we will divide sum of fixed cost and pre tax profit with contribution per unit.

Requires Sales = <em>(Fixed Cost + Pre tax profit)/ Unit contribution</em>

= (15,000+ (20,000/80%))/ 50 = 800 units

8 0

3 years ago

Ali decides to attend the one-hour review session for microeconomics instead of working at his job. His job pays him $10 per ho

gladu [14]

Answer:

Opportunity cost is $10

Explanation:

Opportunity cost is the concept in economics that looks at the cost of doing an activity, that is the foregone alternative.

Ali decides to attend a one-hour review session in so doing he has foregone one hour's wages where he works. As one hour pays $10, he has lost $10 for attending the review session.

4 0

3 years ago