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Alborosie
4 years ago
14

Marie is putting together a retirement plan and is scheduled to retire in 40 years. She is planning to open a retirement account

and invest an equal amount each month into the retirement account. If she expects to earn 10.5% per year in the account and is planning to have $3,000,000 in the account at retirement, what is the amount of the monthly investment?
Business
1 answer:
kap26 [50]4 years ago
6 0

Answer:

R=407.11$

Explanation:

Since the Marie wants to contribute equal amount per month in order to get the $3,000,000 after 40 years, therefore the future value of annuity formula shall be applied to the given question to solve the problem.

Future value of annuity=R[((1+i)^n-1)/i]

R=monthly investment to be made=?

n=number of payments involved=40*12=480

i= interest rate=10.5%/12=0.875%

Future value of annuity=$3,000,000

$3,000,000=R[((1+0.875%)^480-1)/0.875%]

R=407.11$

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hjlf

Answer:

The correct answer is: No, he cannot.

Explanation:

The Deceptive Trade Practices Act or DTPA aims to provide consumers support in front of failures or breaches at the moment of purchasing or leasing a good or service. Though, <em>before filing a DTPA lawsuit</em> <em>the consumer must notify the vendor about the issues</em> so the vendor can try to find a solution without the need of going to court. The consumer has sixty (60) days before the lawsuit to inform the vendor about the problems.

5 0
4 years ago
Given the following information, compute accounts receivable turnover. Gross sales $150,000 Accounts receivable, beginning of ye
STatiana [176]

Answer:

6.75

Explanation:

Given that,

Gross sales = $150,000

Accounts receivable, beginning of year = $18,000

Sales = $135,000

Accounts receivable, end of year = $22,000

Average accounts receivables:

= (Beginning AR + Ending AR) ÷ 2

= ($18,000 + $22,000) ÷ 2

= $40,000 ÷ 2

= $20,000

Accounts receivable turnover:

= Sales ÷ Average accounts receivables

= $135,000 ÷ $20,000

= 6.75

Note: Accounts receivable, end of year is missing from the question. It is amounted to $22,000.

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3 years ago
How do delivery companies track packages? group of answer choices
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Companies track packages through code-scanning technology

<h3>What is code-scanning technology?</h3>

It is a machine-scannable image that a smartphone camera can instantaneously read. Numerous black squares and dots that stand in for various pieces of information make up each QR code. Your smartphone will transform the data when it scans this code into a form that humans can understand. A camera or other imaging device can scan a QR code, which is made up of black squares  in a squ in a square grid on a white background. Reed-Solomon error correction is then used to process the picture so that it can be properly decoded.

There would be a catastrophic amount of errors introduced. By organizing the process of gathering and tracking product data, barcodes aid in preventing these occurrences. The fact remains that mistakes are expensive. A tool for finding potential security problems in an application is code scanning.

Hence, companies track packages through code-scanning technology.

To learn more about code-scanning technology refer to:

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1 year ago
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Explanation:

In this case, as the presentation that you will make with your team at the sales meeting will take place in the afternoon and you need an answer in the morning, the ideal would be to use an email to send the message you want and get the response in less time.

Work e-mails are a tool that makes communication more efficient and faster regardless of the presence of other professionals in person, which speeds up decision-making processes and makes work faster and more effective as a whole, since e-mail is a form of instant communication where important and essential business messages can be conveyed.

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You are considering purchasing a car, and you are offered a loan with a nominal interest rate of 5 %. Assume inflation is expect
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The real interest rate is;

Real interest rate = nominal interest rate - inflation

<h3>What is inflation?</h3>

The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.

There are three main causes of inflation:

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A real interest rate reflects the rate at which current things are preferred over future goods over time.

The difference between the nominal interest rate and the inflation rate is used to calculate the real interest rate for an investment.

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