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]
3 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]3 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
W. L. Gore &amp; Associates is organized in such a way that it has no formal job titles, job descriptions, or chains of command.
Harrizon [31]

Answer:

B) a decentralized structure.

Explanation:

In a decentralized organizational structure, many decision making responsibilities are delegated from upper management to middle and lower management. Most normal day-to-day decisions are made by entry level employees and lower management. The company's organizational structure is not rigid and most decisions can be made rather quickly.

5 0
3 years ago
Do you think the psychologist/consultant is involved in any unethical or illegal behaviors? If you cannot decide, what additiona
emmasim [6.3K]

Answer:

ok look what i think is all people have something that they need to do but if it has to be under the table then yea but what video are you talking about  

Explanation:

8 0
3 years ago
All of the following are anticipated effects of a proposed project. Which of these should be considered when computing the cash
Evgesh-ka [11]

Answer: Operating cash flow, net working capital recovery, salvage values

Explanation:

The anticipated effects of a proposed project that should be considered when computing the cash flow for the final year of the project include the operating cash flow, net working capital recovery, and the salvage values.

It should be noted that the operating cash flows which consist of the net income and the non cash expenses with the salvage value and the redemption of working capital are all included during the computation of the cash flow for the final year of the project.

3 0
3 years ago
Interest rates and decisions
svetoff [14.1K]

Answer:

a. No, the firm needs to take the volatility of short-term rates into account.

Explanation:

Short term interest rates are more volatile than the long term interest rates. If the company chooses to finance its operations solely from short term financing than it will need to incorporate the affect of volatility in the short term interest rates to identify the net returns. The volatility should be calculated with the risk factor and required rate of return of the funds.

4 0
3 years ago
Assume that an economy has 1,500 workers, each working 2,000 hours per year. If the average real output per worker-hour is $20,
Drupady [299]

Answer: $60 million

Explanation: Total output is defined as the total value of all goods produced or services rendered by an individual, group or country. It is the total value which could be amassed from one's input.

Therefore,

An economy with;

Number of workers =2000

Work time of each worker = 1500 hours

Payment rate per hour = $20

Total output = (Number of workers * work time * payment rate per hour)

Total output = 2000 * 1500 * 20

Total output = $60,000,000

Therefore, total output or real gross domestic product of the country is

$60,000,000

3 0
3 years ago
Other questions:
  • Hyundai achieved the status of being the 6th largest automobile producer in the world by 2005 and a major competitor to gm, ford
    10·1 answer
  • Malander Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant
    10·1 answer
  • Why is it important not to leave your personal information on a public computer?
    13·1 answer
  • A client who has depression is admitted to treatment on a voluntary basis. While in the hospital, the client makes several comme
    12·1 answer
  • Blue ace autos inc. and ferdova autos inc. are two competing automobile companies. while blue ace autos' cost of goods sold/reve
    10·1 answer
  • Price discrimination is a rational strategy for a profit-maximizing monopolist when A. consumers are unable to be segmented into
    13·1 answer
  • An inexperienced accountant for Cheyenne Corp. showed the following in the income statement: income before income taxes $371,000
    13·1 answer
  • An investment offers $6,200 per year for 20 years, with the first payment occurring one year from now. If the required return is
    8·1 answer
  • Provide 8 factors that impede business ability of Africans
    5·1 answer
  • Threadless receives immediate customer feedback on specific promotions through online orders. What type of control does this rep
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!