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Arlecino [84]
4 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]4 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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enyata [817]

...5 unit...?_-0.18..-

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2 years ago
Donaldo just went through his performance evaluation. His manager gave him timely and complete feedback about areas needing impr
hammer [34]

Donaldo's reaction to his manager's assessment is exemplified by the performance measurement criterion known as <u>acceptability</u>.

<h3>What are the criteria of performance measurment?</h3>

The criteria of performance measurement include acceptability, relevance, meaningfulness or applicability, evidence-based, reliability or reproducibility, validity, and feasibility.

Donaldo should have accepted his manager's assessment on his performance evaluation with the timely and complete feedback received from the manager to improve his performance.

Thus, the performance measurement criterion exemplified by Donaldo's reaction is <u>acceptability</u>.

Learn more about performance measurement tests at brainly.com/question/3835272

5 0
3 years ago
Calculate the value of a​ $1,000 bond which has 10 years until maturity and pays quarterly interest at an annual coupon rate of
STatiana [176]

Answer:

$656.82

Explanation:

The calculation of  required return is shown below:-

Face value (FV) = $1,000

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Interest per period (PMT) = $1,000 × 12.00 ÷ 4

= $30.00

Number of years to maturity = 10

Number of compounding periods till maturity (NPER) = Number of compounding periods per year × Number of years to maturity

= 40

Required rate of return = 20.00%

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Bonds value = -PV(RATE,NPER,PMT,FV)

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Therefore we applied this formula into excel.

8 0
4 years ago
A financial statement user would determine if a company was profitable or not during a specific period of time by reviewing the
Ivanshal [37]

Answer:

Income statement

Explanation:

3 0
3 years ago
A small company that manufactures special-order wood furniture has kept its employees busy on a 40-hour-a-week schedule for the
Novosadov [1.4K]

Answer:

D.

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Due to the fact that the contract would only last 6 months and there's no expected repeat business from the Saudis or any one, the best course of action to take in order to avoid expected labour shortage is to use .

Overtime can be defined as a situation where the hours worked by an employee execeed normally scheduled working hours. In order to meet the 6 months and not cause labour shortage, the company can decide to use it's current workers for overtime and pay them for the overtime.

5 0
3 years ago
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