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
Amiraneli [1.4K]
3 years ago
14

3. In which decade should you be saving for retirement?

Business
1 answer:
diamong [38]3 years ago
5 0
Whatever your age, you can make it happen.<span> Even those who start to save into a company pension at the age of 22 have less than an even chance of achieving an income equivalent to two-thirds of salary from their private and state pensions combined, according to the Pensions Policy Institute think-tank.   </span>
You might be interested in
Bond X is a premium bond making semiannual payments. The bond has a coupon rate of 7.5 percent, a YTM of 6 percent, and 13 years
bija089 [108]

Answer:

a. What are the prices of these bonds today?

price of bond X:

0.03 = {37.5 + [(1,000 - MV)/26]} /  [(1,000 + MV)/2]

0.03 x [(1,000 + MV)/2] = 37.5 + [(1,000 - MV)/26]

0.03 x (500 + 0.5MV) = 37.5 + 38.46 - 0.03846MV

15 + 0.015MV = 75.96 - 0.03846MV

0.05346MV = 60.96

MV = 60.96 / 0.05346 = $1,140.29

price of bond Y:

0.0375 = {30 + [(1,000 - MV)/26]} /  [(1,000 + MV)/2]

0.0375 x [(1,000 + MV)/2] = 30 + [(1,000 - MV)/26]

0.0375 x (500 + 0.5MV) = 30 + 38.46 - 0.03846MV

18.75 + 0.01875MV = 68.46 - 0.03846MV

0.05721MV = 49.71

MV = 49.71 / 0.05721 = $868.90

b. What do you expect the prices of these bonds to be in one year?

price of bond X:

0.03 = {37.5 + [(1,000 - MV)/24]} /  [(1,000 + MV)/2]

0.03 x [(1,000 + MV)/2] = 37.5 + [(1,000 - MV)/24]

0.03 x (500 + 0.5MV) = 37.5 + 41.67 - 0.04167MV

15 + 0.015MV = 79.17 - 0.04167MV

0.05667MV = 64.17/0.05667 = $1,132.29

price of bond Y:

0.0375 = {30 + [(1,000 - MV)/24]} /  [(1,000 + MV)/2]

0.0375 x [(1,000 + MV)/2] = 30 + [(1,000 - MV)/24]

0.0375 x (500 + 0.5MV) = 30 + 41.67 - 0.04167MV

18.75 + 0.01875MV = 71.67 - 0.04167MV

0.06042MV = 52.92

MV = 52.92 / 0.06042 = $875.87

c. What do you expect the prices of these bonds to be in three years?

price of bond X:

0.03 = {37.5 + [(1,000 - MV)/20]} /  [(1,000 + MV)/2]

0.03 x [(1,000 + MV)/2] = 37.5 + [(1,000 - MV)/20]

0.03 x (500 + 0.5MV) = 37.5 + 50 - 0.05MV

15 + 0.015MV = 87.5 - 0.05MV

0.065MV = 72.5

MV = 72.5 / 0.065 = $1,115.38

price of bond Y:

0.0375 = {30 + [(1,000 - MV)/20]} /  [(1,000 + MV)/2]

0.0375 x [(1,000 + MV)/2] = 30 + [(1,000 - MV)/20]

0.0375 x (500 + 0.5MV) = 30 + 50 - 0.05MV

18.75 + 0.01875MV = 80 - 0.05MV

0.06875MV = 61.25

MV = 61.251 / 0.06875 = $890.91

d. What do you expect the prices of these bonds to be in eight years?

price of bond X:

0.03 = {37.5 + [(1,000 - MV)/10]} /  [(1,000 + MV)/2]

0.03 x [(1,000 + MV)/2] = 37.5 + [(1,000 - MV)/10]

0.03 x (500 + 0.5MV) = 37.5 + 100 - 0.1MV

15 + 0.015MV = 137.5 - 0.1MV

0.115MV = 122.5

MV = 122.5 / 0.115 = $1,065.22

price of bond Y:

0.0375 = {30 + [(1,000 - MV)/10]} /  [(1,000 + MV)/2]

0.0375 x [(1,000 + MV)/2] = 30 + [(1,000 - MV)/10]

0.0375 x (500 + 0.5MV) = 30 + 100 - 0.1MV

18.75 + 0.01875MV = 130 - 0.1MV

0.11875V = 111.25

MV = 111.25 / 0.11875 = $936.84

7 0
3 years ago
The _____ is the product of the percent complete and the sum of the estimated costs of all the specific activities that make up
____ [38]

The answer is the total budget cost. It is the one responsible of the expense that the company needs and the estimated expense that they had used that may be of use as their basis and for the their future  period.


7 0
3 years ago
Edmond, the CEO of Hartman Manufacturing, said to his new vice president of accounting, "In the past I had resistance to new ide
Maurinko [17]

Answer:

A. strategy implementation.

Explanation:

Strategy implementation -

It refers to the practice of complying all the strategies and plans in order to attain some goal , is referred to as strategy implementation .

The practice require proper thinking and method , in order to plan in a very proper manner to accomplish the goal .

The process require some documents or soft copy of the steps involved and the rate of progress to track the project in a very concise manner .

Hence , from the given scenario of the question ,

The correct answer is A. strategy implementation.

6 0
3 years ago
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their feres
Scorpion4ik [409]

Solution:

Let's start by assuming that the taxi ride demand is extremely elastic, to the extent that it is vertically sluggish! If the cabbies raise the fair price by 10% from 10.00 per mile to 11.00 per kilometre, the number of riders remains 20.

Total income before fair growth= 20* 10= 200.

Total income following fair growth = 11* 20= 220.

A 10% increase in the fare therefore leads to a 10% increase in the driver's revenue.

Therefore, the assumption in this situation is that the cab drivers think the taxi driving requirement is highly inelastic.

The demand curve facing the drivers of the cab is still inelastic, but not vertically bent.

When the rate increased from 10% to 11, riders declined from 20% to 19%

Total revenue before fair growth is 20* 10= 200

The gap between revenue and fair growth is 19* 11= 209

This means that a realistic 10% raise doesn't result in a 10% boost on income Because the market curve for taxi rides is not 100% inelastic, but rather low inelastic, so that a fair increase (control) allows consumers to lose their incomes.

7 0
3 years ago
How have newer work models made the workplace more efficient?
Lelu [443]

Explanation:

  • Don't be Afraid to Delegate. While this tip might seem the most obvious, it is often the most difficult to put into practice. ...
  • Match Tasks to Skills. ...
  • Communicate Effectively. ...
  • Keep Goals Clear & Focused. ...
  • Incentivize Employees. ...
  • Cut Out the Excess. ...
  • Train and Develop Employees. ...
  • Embrace Telecommuting.

8 0
2 years ago
Read 2 more answers
Other questions:
  • Sémeuo is a German transnational food and beverage company. Recently, some of the products were rejected by the quality control
    6·1 answer
  • Wally's hardware store is located in a small town in the midwest. this store would best be classified as a(n) _____.
    11·1 answer
  • Workplace harassment protects only a isn’t harassment that is physical in nature?
    8·1 answer
  • Susan is having a bakery in the heart of the city and supplies special type of cheese cookies to all the retail outlets based on
    7·1 answer
  • What are your ideas for creating jobs and getting people back to work?
    14·1 answer
  • After graduating from high school, Shawn took out a loan to help pay for college. Now, four years later, Shawn has graduated fro
    9·2 answers
  • A Solutions Architect has a multi-layer application running in Amazon VPC. The application has an ELB Classic Load Balancer as t
    10·1 answer
  • When people refer to jobs in the public sector they are referring to jobs with:
    10·1 answer
  • Select the two statements about owners of equity in a business that are TRUE.
    14·2 answers
  • Why do people start business?​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!