Answer: $25078
Explanation:
Firstly, we'll find the real interest rate which will be:
(1 + R) = (1 + r)(1 + h)
(1 + 10%) = (1 + r)(1 + 4.8%)
(1 + 0.1) = (1 + r)(1 + 0.048)
1.1 = (1 + r)(1.048)
r = 4.96%.
Now the annual deposit will be gotten by using the annuity future value which will be:
3 million = C(1.0496^40-1) / 0.0496
3 million = C(5.3995) / 0.0496
3 million = 119.627C
C = 3 million/119.627
C = 25078
Therefore, the real amount that must be deposited each year to achieve the goal is $25078
Answer:
take notes, research that information
Answer:
Amount of Social Security tax = $30.69
Explanation:
given data
earned = $495.00
pay = $6,492.39
to find out
How much should be withheld from Adam's gross pay for Social Security tax
solution
we assume here no pre tax is deductions
and social security tax rate is 6.2%
so Amount of Social Security tax will be
Amount of Social Security tax = earned × social security tax
Amount of Social Security tax = $495 × 6.2%
Amount of Social Security tax = $495 × 0.062
Amount of Social Security tax = $30.69
E. Naive relativism
Explanation:
Naive relativism is based on the belief that humans ha e a deep seated view of what is right and what is wrong and can judge things by their own standards and make a decision.
<u>These decisions are thus treated as truth derived from one's own self by the person who is concerned. </u>
Naive relativism means that people also project their sense of right and wrong over others and sort of treat it as if it is universal.
