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Karolina [17]
3 years ago
14

You are planning to save $1,000,000 for retirement over the next 30 years. If you are earning interest at the rate of 6% and you

spend all the money in 20 years after retirement, what annual level of living expenses will those savings support?
Business
1 answer:
WARRIOR [948]3 years ago
6 0

Answer:

The retirement fund will provide 87,148.56 dollars per year during 20 years

Explanation:

The plan is to achieve 1,000,000 in 30 years.

Then we will spend them equally during a period of 20 years

We want to knwo how much will the retirement account provide.

So, we need to calculate the cuota of an annuity of 20 years with a presenet vale of 1,000,000 dollars at 6% discount rate:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $1,000,000.00

time 20 years

rate 6% = 6/100 = 0.06

1000000 \times \frac{1-(1+0.06)^{-20} }{0.06} = C\\

C  $ 87,184.56

The retirement fund will provide 87,148.56 dollars per year during 20 years

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Explanation:

The management of people in an organization is a constant and dynamic process that must be well structured, as it is the employees of the organization who will assist in the achievement of organizational goals and objectives.

Therefore, this process of recruiting, training, evaluating and paying employees must be well established in the organization as a fundamental process for organizational success. Each stage of the personnel management process is essential, and must always be organized, evaluated and monitored, so that there is continuous improvement in a company in all its systems. Through effective people management, there is greater motivation, greater productivity and greater organizational positioning.

5 0
2 years ago
Capital market securities include all of the following EXCEPT:
Stells [14]

Answer:

The asnwer is C, Certificate of deposit.

Explanation:

In the U.S., securities are defined as contracts in which one party invests money with another and expects to make a return.

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3 0
3 years ago
A one-brand-name strategy is useful when the marketer wants the brand to appear to be a local brand, or when regulations require
Phoenix [80]
B. false

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5 0
3 years ago
Kincaid Company provided consulting services of $2,500 to a customer who paid $1,300 and promised to pay the remainder next mont
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Answer:

B. Cash 1,300  Dr, Accounts Receivable 1,200 Dr, Consulting Revenue 2,500 Cr

Explanation:

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Date      Description                             Debit       Credit

              Cash                                      $1,300

                     <em>Accounts Receivable                      $1,200</em>

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As a factor of production, how is capital created? A. By adding land to entrepreneurship B. By adding human labor to land C. By
Dennis_Churaev [7]

Answer:

B

Explanation:

By adding human labor to land

7 0
2 years ago
Read 2 more answers
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