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
mafiozo [28]
3 years ago
15

You have determined that you will need to accumulate​ $1,000,000 in your retirement account in order to cover your inflation adj

usted shortfall. Which of the following is closest to the amount of money you would need to put into a tax deferred retirement account every year if you plan on retiring in 40​ years? Assume an​ 8% average return on this​ account, and that it is empty today.
Business
1 answer:
spayn [35]3 years ago
7 0

Answer:

$3,860 will be needed to put into a tax-deferred retirement account every year if you plan on retiring in 40 years

Explanation:

Use Following formula to calculate the monthly payment required.

FV = P x [ ( ( 1 + r )^n ) - 1 ) / r ]

FV = Future Value = $1,000,000

R = RATE OF RETURN = 8%

N = NUMBER OF YEARS = 40 YEARS

P = Monthly Payment

$1,000,000 = P x [ ( ( 1 + 0.08 )^40 ) - 1 ) / 0.08 ]

$1,000,000 = P x [ ( ( 1.08 )^40 ) - 1 ) / 0.08 ]

$1,000,000 = P x 259.06

P = $1,000,000 / 259.06

P = $3,860.16

You might be interested in
34. Which of the following statements is correct? a. If oligopolists successfully collude, then their combined output will be eq
grandymaker [24]

Answer:

The correct answer is option d.

Explanation:

If oligopolists are able to collude successfully, they will be able to fix price and output similar to a monopoly.

In order to maximize profits, the oligopoly firms keep their prices higher than a perfectly competitive firm but lower than monopoly. The output level is kept higher than a monopoly firm but lower than a perfectly competitive firm.

5 0
3 years ago
After a series of train incidents, ns&q offered employee bonuses based on safety for the first quarter of this year. this is
nydimaria [60]
<span>This is an example of positive reinforcement. Positive reinforcement rewards a person or thing for performing a desired action or behavior. By rewarding the person or thing every time it does the desired action you increases the chances of the action or behavior being done again. It a type of subconscious training.</span>
4 0
3 years ago
Pastoria Enterprises has scheduled raw material purchases of $100,000 in January, $130,000 in February, and $150,000 in March. T
IRINA_888 [86]

Answer:

B

Explanation:

The question asks to calculate how much will be disbursed by the company in February.

Firstly , we know that the company disburses 75% in the month of purchase and 25% during the month after purchase.

Now, 75% of $130,000 would be disbursed as February’s own payment:

Mathematically 75/100 * 130,000 = 97,500

Also, we should not forget that the company disburses 25% of previous month during the current. That is 25/100 * 100,000 = 25,000

Total amount disbursed is thus 25,000 + 97,500 = $122,500

6 0
3 years ago
Susan asked mary to turn up the radio, so mary increased the volume from level 5 to level 7. mary could hear the difference but
den301095 [7]
They differ in their difference threshold. This is being defined when their sensory stimuli is different, making the individual perceive them also, as different. This occurs in the scenario given above for Susan couldn't hear the level 7 volume when Mary could already hear it.
8 0
3 years ago
When planning a procurement, it is useful to ______________.
Gre4nikov [31]

Answer & Explanation: When planning a procurement, it is useful to at least conduct a make or buy analysis which aids in determining the most cost effective approach, to consult and liaise with in-house experts in the departments of procurement, human resource, and legal, and also to insure the sponsor of the project signs off on the procurement plan. The goal of procurement planning is to increase the transparency and predictability of the procurement process while also deciding on what to buy, when and from what source.

5 0
3 years ago
Other questions:
  • In the Boston Consulting Group's Growth Share Matrix, the relative competitive position of a product or division is defined as i
    9·2 answers
  • Why is a high-quality bond typically considered a lower-risk investment than a stock? AWell-established company stocks pay divid
    5·1 answer
  • The can of spray paint in item 7 is set aside for an hour. during this time, the contents of the can return to room temperature.
    5·1 answer
  • at a trade meeting, country A and country B, which are trade partners, agree to remove trade barriers to stimulate economic grow
    11·2 answers
  • Peter was hired as an external consultant to review the streamlining of production processes at a company. In his final report,
    15·1 answer
  • When Ernesto needed to learn what his employees really think about his company's new pension plan, he approached Vonnie, a long-
    10·1 answer
  • Choose one career position that is available in most hotels. What challenges would someone face while working in this position?
    14·1 answer
  • I need serious help here
    5·2 answers
  • As the interest rate __________, the opportunity cost of holding money __________ and individuals choose to hold __________ mone
    11·1 answer
  • If an owner terminates an exclusive right to sell agreement prior to closing on the property, but the listing broker introduced
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!