Answer:
FV= $2,433,948.19
Explanation:
Giving the following information:
Your client is 23 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $8,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 8% in the future.
She will save until she is 65.
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit= 8000
n= 42
i=0.08
FV={8000[(1.08^42)-1]}/0.08= $2,433,948.19
Answer: <u><em>Partnering</em></u> is the terms that describes a method for transforming contractual arrangements into a cohesive, collaborative project team with a single set of goals and established procedures for resolving disputes in a timely and cost-efficient manner.
<u><em>Therefore, the correct option in this case is (a)</em></u>
Answer:
10%
Explanation:
The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.
IRR can be calculated using a financial calculator:
Cash flow in year zero = -$18,139.
Cash flow each year from year one to eight = $3,400
IRR = 10%
To enter the cash flows, click on the CF key on the financial calculator, input value and press the enter key. Press the arrow pointing downwards to input the next cash flow value.
To find IRR, press the IRR button, and press CPT.
I hope my answer helps you
Answer:
b. = 31,740,000
Explanation:
69,000,000 - 46% = 37260000
69,000,000 - 37260000 = 31,740,000
<span>In this decision, since collective decision making is norm, Luke would be the initiator, as well as a decider. Since he has somewhat equal say in the matter, he is the one who is bringing forth the problem and starting change.</span>