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soldi70 [24.7K]
3 years ago
13

You have just started a new job and plan to save $5,250 per year for 35 years until you retire. You will make your first deposit

in one year. How much will you have when you retire if you earn an annual interest rate of 9.47 percent
Business
1 answer:
nasty-shy [4]3 years ago
6 0

Answer:

FV= $1,260,205.98

Explanation:

Giving the following information:

Annual deposit= $5,250

Number of years= 35 years

Annual interest rate= 0.0947

To calculate the final value, we need to use the following formula:

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

A= annual deposit

FV= {5,250*[(1.0947^35)-1] / 0.0947

FV= $1,260,205.98

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Answer:

more hours

Explanation:

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives

time is a limited resource that has to be shared between work and leisure. If the opportunity cost of leisure increases, it means he is giving up more work to rest. As a result, he would increase his work hours

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3 years ago
Suppose a new technology makes it possible to perfectly predict the weather on your computer. As a result, there isn't as much o
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demand of

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decrease

Explanation:

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I hope my answer helps you

6 0
3 years ago
Miltmar Corporation will pay a year-end dividend of $4, and dividends thereafter are expected to grow at the constant rate of 4%
____ [38]

Answer:

A. Market Capitalization rate = 13%

B. Intrinsic Value = $46.22

Explanation:

<em>A. Market Capitalization rate:</em>

CAPM should be used to calculate market capitalization from the given data. Following is the formula for CAPM

CAPM=r+(MxB)

r = risk free rate

M = market portfolio return

B = beta

Solution:

CAPM=0.04+(0.75x0.12)

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<em>B. Intrinsic Value of stock</em>

Gordon Growth Model (GGM) should be used to calculate intrinsic value of stock based on the given data.

Following is the formula for GGM

GGM=Dx(1+g)/(r-g)

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<em>Note: All values are rounded off to two decimal points.</em>

7 0
3 years ago
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8 0
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