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Arlecino [84]
3 years ago
15

Denise has her heart set on being a millionaire. What payment does Denise need to make at the end of each month over the coming

44 years at 6​% APR to reach her retirement goal of ​$1 ​million?
Business
1 answer:
ArbitrLikvidat [17]3 years ago
7 0

Answer:

$ 941 796

Explanation:

The present amount with compound interest is given by the following formula:

A = P (1+\frac{r}{n})^{nt}

where A = $ 1 000 000

t (years)  = 44

rate         = 6%

               = 0.06

The formula becomes:

1 000 000 = P (1 + (0.06/44) (44*1)

1 000 000 = P (1.0618)

              P = $ 941 796

so the amount needed to be deposited is $ 941 796

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Setler79 [48]

To get it out of His hands

Explanation:

Just tired and ready to let it go

4 0
2 years ago
Why are us firms moving manufacturing jobs overseas?
inysia [295]
United States based firms are moving manufacturing jobs overseas simply because they can get away with paying workers in foreign countries WAY less than in America. They also do not need to follow the strict labor laws and provide benefits to outsourced employees.
8 0
3 years ago
AllSpice Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies hav
Cerrena [4.2K]

The contract must be very detailed and should include all the contingencies spelled out in it.

<u>Explanation:</u>

Contract is a document that is made between two or more than two parties who have come in to an agreement with each other over a particular thing. The contract might be a business contract that the parties make which should have the proportion of profit and liabilities of the business that is to be shared among the partners.

Since the profit and losses are to be shared between the business partners on the basis of this contract, the contract should have very detailed information in it and all the contingencies should be spelled out in it.

6 0
3 years ago
ICHOR Restaurant Group was started by Brian Bailey and Tim Hug in 2006 and has since opened three successful restaurant concepts
Margaret [11]

Answer:

franchising

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question Entrepreneurs purchasing such a license are engaging in franchising. This is when the owner of a brand licenses the name to a specific individual so that individual can open up his/her own store using that name and reputation. These licenses come with certain requirements placed by the owner of the brand that the buyer must follow.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
2 years ago
Ahngram Corp. has 1,000 defective units of a product that cost $3.30 per unit in direct costs and $6.80 per unit in indirect cos
OLga [1]

Answer:

If the units are reworked, income will increase by $5,800.

Explanation:

Giving the following information:

Number of units= 1,000

Sell as-is= $4.3

Rework cost= $2.8

Selling price= $12.9

<u>Because the original cost will remain constant in both options, we will not take them into account.</u>

Sell as-is:

Effect on income= 1,000*4.3= $4,300

Rework:

Effect on income= 1,000*(12.9 - 2.8)

Effect on income= $10,100

If the units are reworked, income will increase by $5,800.

4 0
3 years ago
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