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bixtya [17]
3 years ago
8

You believe you will spend $47,000 a year for 13 years once you retire in 26 years. If the interest rate is 7% per year, how muc

h must you save each year until retirement to meet your retirement goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.) g
Business
1 answer:
nika2105 [10]3 years ago
4 0

Answer:

Annual deposit= $8,896.79

Explanation:

Giving the following information:

You believe you will spend $47,000 a year for 13 years once you retire in 26 years.

The interest rate is 7% per year.

<u>First, we need to calculate the total amount required:</u>

FV= 47,000*13= $611,000

<u>Now, using the following formula, we can determine the annual deposit:</u>

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

A= annual deposit

Isolating A:

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

A= (611,000*0.07) / [(1.07^26) - 1]

A= $8,896.79

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Dingo Division’s operating results include: controllable margin of $150,000, sales totaling $1,200,000, and average operating as
Lelu [443]

Answer:

b. No, the return is less than the required rate of 9%

Explanation:

Projected sale = 100000

Projected exp = 86000

Profit = 14000

Assets= 200000

Return on assets = 14000/200000 = 7%

Expected return = 9%

Hence, project should not be taken

6 0
3 years ago
OB Mod stands for: A. Organization Behavior Modification B. Organization Betterment Management C. Organization Behavioral Modera
hoa [83]

Answer: A. Organization Behavior Modification

Explanation: OB Mod stands for Organization Behavior Modification.

It is a performance management type wherein managers try to increase the power of wages and benefits by trying them directly to certain types of performance. They (managers) identify performance-related employee behaviours and then implement an intervention strategies to strengthen desirable performance behaviours and weaken undesirable behaviour. OB Mod represents application of reinforcement theory to individuals in the work setting.

5 0
2 years ago
Only buy on credit, what you can pay for in cash refers to... Group of answer choices Credit Cards Payday Loans Morgages Auto Lo
shepuryov [24]

Answer:

Credit Cards

Payday Loans

Auto Loans

Explanation:

In the field of economics, credit means to have the ability of having goods or the services before the payment of the goods which can be paid later in the future to the other party.

The following can be bought on credits and can be paid in cash later on. These includes :

Credit cards -- credits card are used to purchased item on credits to which the payment is done on a later date in the future.

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3 0
2 years ago
Yahoo has created a special unit called the "brickhouse," which is an idea incubator for employees to work on ideas submitted fr
Temka [501]
Hey there,
The answer to your question is <span>skunkworks. 

Hope this helps :))

~Top
</span>
4 0
2 years ago
Home Services common stock offers an expected total return of 14.56 percent. The last annual dividend was $2.27 a share. Dividen
prohojiy [21]

Answer:

Dividend yield=10.3%

Explanation:

Mv=Do(1+g)/(Ke-g)

MV=?

Do=2.27

g=2.1%

Ke=14.56%

Mv=2.27(1+2.1%)/(14.56%-2.1%)

MV=2.75/(12.46%)

MV=$22.1

Dividend yield=dividend per share/share price per share

Dividend yield=2.27/22.1

Dividend yield=10.3%

5 0
3 years ago
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