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prisoha [69]
3 years ago
13

A couple will retire in 50 years; they plan to spend about $26,000 a year in retirement, which should last about 25 years. They

believe that they can earn 9% interest on retirement savings. a. If they make annual payments into a savings plan, how much will they need to save each year? Assume the first payment comes in 1 year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Business
1 answer:
uranmaximum [27]3 years ago
3 0

Answer:

Monthly payment= $797.464

Explanation:

Giving the following information:

A couple will retire in 50 years.

They plan to spend about $26,000 a year in retirement, which should last about 25 years.

They believe that they can earn 9% interest on retirement savings

n= 50

i= 0.09

FV= (26000*25)=650000

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

We need to isolate A (monthly pay):

A= (FV*i)/[(1+i)^n-1]

A= (650000*0.09)/(1.09^50-1)

A= 58500/73.35752008

A= $797.464

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d. Revenue of $375

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The amount received by statisticians is a revenue for them

Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue

Mackie's income statement would include a revenue of:

= Amount paid to statisticians * % Received

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6 0
3 years ago
In a decision to either sell as is or process a product further, __________costs are considered irrelevant and _____________cost
MrRa [10]

In a decision to either sell as is or process a product further, joint costs are considered irrelevant and process further costs are considered relevant.

The decision of whether to sell the product right away or wait to sell it in order to earn more money. Although we think that growing the business's income is great, we also need to make sure that the costs associated with the growth will be met. We must contrast the profit margin between selling now and selling later because additional processes will demand more resources and expenses.

Additionally, we need to make an effort to maximise the return on our investment. Additional processes might need more money spent on equipment. These factors require us to apply the sell or process further technique in order to choose the best course of action.

Typically, this scenario occurs in a joint product where one or more outputs can be generated and produce additional revenue. The joint products are produced at the same cost up until the point where they are divided and further sold or processed. Although the products can be sold at the split point, there are instances when continuing developing them is more profitable.

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6 0
1 year ago
When countries trade, their consumers have access to
irakobra [83]

Answer:When countries trade, their consumers have access to raw goods at cheaper prices, workers will produce better goods for export, and countries will become Richer..

4 0
3 years ago
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Garth’s Distributing contracted with Wally Co. to sell it bottled water for $20,000. The contract is silent about assignments. G
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D. Zeta prevails, but only if the assignment is signed and in writing

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Zeta prevails but only if the assignment is in writing and is signed.

If the assignment is express thereby and is signed by the parties in contract , then zeta can demand the amount from willy. Without any written consent and permission , willy cannot enforce the payment to zeta.

This is the best option in this case .

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3 years ago
If an agent has, within the scope of the agency relationship, committed both negligent and intentional acts resulting in injury
eduard

Answer:

may be liable for both the negligent and intentional acts.

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In the case when an agent is within the scope of agent relationship that committed both type of acts i.e. negligent and intentional that results the injury to the third party so here the principal may be liable for both the act i.e. negligent and intentional as it is followed by the doctrine of respodeat superior

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