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Aleks [24]
4 years ago
13

On average, the largest portion of the cost of living during retirement goes to

Business
1 answer:
Zigmanuir [339]4 years ago
6 0
It goes to housing. At 75 years and more seasoned, normal spending was just $34,000, however medicinal services costs may shoot up for some. We are in our mid-50's and carry on with an unassuming yet agreeable way of life, which at present costs us about $4,500 a month, notwithstanding lodging.
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You have an opportunity to invest in Australia at an interest rate of 8%. Moreover, you expect the Australian dollar (A$) to app
earnstyle [38]

Answer:

10.16%

Explanation:

The computation of the effective return for this investment is shown below:

Let us assume that we invested an amount in Australian dollars 100

The return is 8%

After one year, the amount is 108

Now the converting amount is 110.16 (108 × 102%)

Now the effective rate for this investment is

= 110.16 - 100

= 10.16%

7 0
4 years ago
Which sentences describe characteristics of a partnership?
Dominik [7]
D sounds like the best answer
3 0
4 years ago
Read 2 more answers
Malone Imports stock should return 12 percent in a boom, 10 percent in a normal economy, and 2 percent in a recession. The proba
Rufina [12.5K]

Answer:

6.11%

Explanation:

For computing the variance, first we have to determine the expected return which is shown below:

= (Expected return of the boom × weightage of boom) + (expected return of the normal economy × weightage of normal economy)  + (expected return of the recession × weightage of recession)

= (12% × 5%) + (10% × 85%)  + (2% × 10%)  

= 0.6% + 8.5% + 0.2%

= 9.30%

Now the variance would equal to the

= Weightage × (Return - Expected Return) ^2

For boom:

= 5% × (12% - 9.3%) ^2

= 0.3645

For normal economy:

= 85% × (10% - 9.3%) ^2

= 0.4165

For recession:

= 10% × (2% - 9.3%) ^2

= 5.329

So, the total variance would be

= 0.3645 + 0.4165 + 5.329

= 6.11%

4 0
3 years ago
In pioneer​ ville, the price elasticity of demand for bus rides is 0.5. when the price of a bus ticket rises by 5​ percent, ____
lianna [129]
The quantity of bus rides demanded decreases by 2.5 percent. Hope this helps. :)
4 0
3 years ago
Which is riskier, but has the potential for a higher rate of return?<br>saving or investing
Arisa [49]
Investing <span>is riskier but has the potential for a higher rate of return</span>
7 0
3 years ago
Read 2 more answers
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