1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ikadub [295]
2 years ago
15

How much money does suzie need to have in her retirement savings account today if she wishes to withdraw $42,000 a year for 25 y

ears? she expects to earn an average rate of return of 9.75 percent?
Business
1 answer:
BaLLatris [955]2 years ago
4 0
<span>The money Suzie needed is $388,683.83.
To calculate this we use the following formula;
= 42,000 ×((1 - (1 / (1 + .0975)</span>²⁵))<span> / .0975 
=42000 x (1 - (1/10.2355980492) / 0.0975
=42000 x (1 - 0.0976982483) / 0.0975
=42000 x (0.9023017517) / 0.0975
=37896.6735714 / 0.0975
= $388,683.83150153 
= $388,683.83</span>
You might be interested in
&lt;11{6[1(07)71]}&gt; The higher the price of an antique, the greater people’s expectation that the object is rare. That, in tu
ollegr [7]

Answer:

a. should be discouraged because it lessens a quality that makes that antique desirable

Explanation:

In pricing theory, the price for a good or service should increase as its scarcity increases. Now selling the antique at a bargain price will reduce the price of it and thereby making it less scarce and rare.

8 0
3 years ago
What are the portfolio weights for a portfolio that has 138 shares of Stock A that sell for $48 per share and 118 shares of Stoc
Vika [28.1K]

Explanation:

The portfolio weight of an asset is the total investment in that asset divided by the total portfolio value. First, we will find the portfolio value, which is:

Total value = 122($32) + 102($22) = $6,148

The portfolio weight for each stock is:

WeightA = 122($32) / $6,148 = .6350

WeightB = 102($22) / $6,148 = .3650

7 0
3 years ago
Why would someone choose to start a franchise business?
Rom4ik [11]

Answer:

The franchise organization model offers the franchisee the ability to grow under a common brand and share in the benefits of a larger group of business owners. ... Training from successful business operators. A lower risk of failure and/or loss of investments than if you were to start your own business from scratch.

6 0
3 years ago
Consider the following statements regarding Company A and Company B:The two companies have identical operating results but have
Natalija [7]

Answer:

A. A only

Explanation:

U.S. Generally Accepted Accounting Principles (GAAP) does not allow property, plant, and equipment to be written up or revalued. If the fair value of PP&E falls below the book value and the amount is material then a company must write down the asset to fair value.

Since under US GAAP, once PPE is written, it can not be reversed. as Company B is indicated to have reversed the write down while company A did not. It therefore means that Company A only is reporting under US GAAP.

7 0
3 years ago
Marketing manager Ricki Stephens reviewed her marketing information system to learn who was buying her company's products and at
Rudik [331]

Answer:

Letter A is correct. <em>Data warehouse.</em>

Explanation:

Data warehouse acts as a digital data warehouse of the company, whose main purpose is to store relevant information about the organization so that through history it can provide reports that help the company in the decision making process according to the facts found.

The biggest benefits found in the database system are greater flexibility and control of information and research, and the creation of standards that correct data and coordinate and optimize system data to ensure greater effectiveness.

7 0
2 years ago
Other questions:
  • Amanda wants to start a business to sell handmade jewelry. She is very competent at making the jewelry and teaching others to ma
    7·2 answers
  • SmartKids, a textbook publisher, is considering investing in a software company that collects and stores data. What beta should
    15·1 answer
  • Phoenix decorating company is responsible for designing and building many of the floral floats seen in the tournament of roses p
    10·1 answer
  • Steeler Company has $71,000 in total assets and $44,000 in total liabilities. What is the amount of its stockholders' equity
    14·1 answer
  • Erin works at a financial Institution. She has offered a housing loan to a customer. While carrying out the transaction, which l
    12·1 answer
  • Devonaile inc. is a small-scale apparel manufacturer in florida. devonaile and other similar firms from florida collaborate and
    10·1 answer
  • A consistent application of an inventory costing method enhances
    13·1 answer
  • The intention of a price floor is to help producers by setting a higher than equilibrium price. What is one unintended consequen
    13·1 answer
  • The American system of democracy would be in serious trouble without ______. a. print media b. a monopoly on news media c. the r
    15·1 answer
  • Diners are served in a process with two resources. The first resource has a capacity of 1.1 diners per hour. The capacity of the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!