If you do have your license: how can you continue your driving improvement?

Jodi is retiring at the age of 65. When she retires, she estimates that she will need a monthly income for 25 years. If Jodi sta

sergejj [24]

Monthly income refers to the gross countable income received or projected to be received during the subsequent month.

<h3>Interest compounded monthly</h3>

Given Information:

Principal = 328,133.32
Interest rate = 6.2%, compounded monthly
Term = 25 years

A = P (1 + r/n)^nt

A = 328,133.32 (1 + 6.2%/12)^12*25

A = 328,133.32 (1 + 0.0052)^300

A = 328,133.32 (1.0052)^300

A = 328,133.32 (4.74)

A = 1,555,351.94 Total value after 25 years.

=1,555,351.94 / 300 months = 5,184.51 per month.

Learn more about monthly income, refer to the link:

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4 0

2 years ago

Define organization and explain three of the characteristics of organization. Give three examples of organizations, try to inclu

Mekhanik [1.2K]

Answer:

Organization is arranging or coordinating especially in a business, society, or association aspect. Examples of organization could be:

1. Arranging a group of people who work in specific studies

2. Taking books by their genre, and putting them together

3. The economic pyramid, is the perfect example of an organization. Defining society by class.

5 0

2 years ago

X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sale

ad-work [718]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sales dollars and the company pays a sales manager a salary of $7,000 per month. Sales commissions and salaries are paid in the month incurred.

April:

Sales comission= 0.10*70,000= 7,000

Sales manager salary= 7,000

Total= 14,000

June:

Sales comission= 0.10*120,000= 12,000

Sales manager salary= 7,000

Total= 19,000

July:

Sales comission= 0.10*70,000= 8,000

Sales manager salary= 7,000

Total= 15,000

3 0

4 years ago

Wiley incorporates his business as Wiley Wire Corporation in Texas. He and his group of shareholders intend to make a profit fro

ruslelena [56]

Answer:

d. a private corporation.

Explanation:

A private corporation is a limited company that is owned by a few numbers of shareholders. The shares of a private corporation are not publicly traded in the securities exchanges, neither are they issued through an initial public offer. Ownership of a private corporation is transferable but is restricted to the founders who, in most cases, are family members, close friends, or associates.

Wiley and the shareholders have a private corporation. Formation of a private corporation is through incorporation, as is the case of Wiley wire corporation. Private corporations are established with a profit motive. Ownership of Wiley wire corporation will be restricted to Wiley and the other shareholders.

4 0

3 years ago

1. All of the factors below create a change in demand for alcohol except: a. Change in cigarette prices given that cigarettes an

Gnesinka [82]

Answer:

d. Rise in price of alcohol

Explanation:

Change in Quantity demanded occurs due to change in Price. Change in Demand happens due to factors other than price - Income, Substitute & Complementary good's price, Taste.

Change in alcohol demand - due to substitute Cigarette price change , Change [Decrease] in alcohol demand - due to change in taste based on anti drinking sentiments, higher risk of alcohol liver cirrhosis , Change [Increase] in alcohol demand - due to change [rise] in Income : These all are due to factors other than price & hence are 'Change in Demand'

Rise in price of Alcohol leads to 'Change [Expansion] in Quantity Demanded' due to price change [rise] .

5 0

3 years ago