Answer:
In 45 years we are going to have: 1,461,731.021
Explanation:
we are going to deposit the 8% of each salary.
we must notice the amount will grow by 4% each time. this will be a geometric annuity as the quota increase as a reason of 1 + q
the formula is:
grow = q = 0.04
capital return = 0.11
First quota = we will deposit 8% of the next year salary:
70,000 x 1.04 x 8% = 5,824
n= we retire in 45 year but we start doing this deposit next year= 44
1,461,731.021
Answer:
Y : Z = 3 : 1
Explanation:
Given:
X's share = 2/3
Y's share = 1/4
Z's share = 1/12
Find:
New ratio, when X retires
Computation:
X retires , So remain partners are 'Y' and 'Z'
Y's share = 1/4
Z's share = 1/12
Y : Z = 1/4 : 1/12
By taking LCM:
Y : Z = 3/12 : 1/12
Y : Z = 3 : 1
I believe it is : Executing the project includes work required to introduce any new hardware, software, and procedures into normal operations.