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
Tpy6a [65]
3 years ago
14

Sarah Wiggum would like to make a single investment and have ​$2 million at the time of her retirement in 35 years. She has foun

d a mutual fund that will earn 4 percent annually. How much will Sarah have to invest​ today? If Sarah invests that amount and could earn a 14 percent annual​ return, how soon could she​ retire, assuming she is still going to retire when she has ​$2 ​million?
Business
2 answers:
Anarel [89]3 years ago
5 0

Answer:

Solution please, where did you get .2534?

ra1l [238]3 years ago
3 0

Answer:

a) Amount to be invested today = $506,830.9

b) She will retire in 10.5 years time

Explanation:

The amount to be invested by Sara Wiggum today at 4%  to accumulate $2 million in 35 years is called the Present Value.

Present value (PV) is  the discounted value of a future amount at the opportunity cost rate of return .  The amount to be invested now at a particular rate of return to equal a future sum.

Present Value (PV)= (1+r)^(-n) × Future cash flow

For Sarah, the

PV = (1+0.04)× (-35) × 2,000,000

    = 0.2534 × 2,000,000

     = 506,830.9415

Amount to be invested today = $506,830.9

<em>How soon will She retire at rate of 14% per annum?</em>

The PV is still  506,830.9415,

FV is still 2,000,000,

But rate now is - 14%, and

n - ?.  

so we need to work out "n"

Work out "n" as folows:

(1+0.14)^(-n) = 2000000/506,830.9

(1+0.14)^(-n)   = 3.9406

n =  log 3.9406/log 1.14

n = 10.5 years

She will retire in 10.5 years time

You might be interested in
Beau said to a close friend, "I am fed up with my company's continual disregard for the environment. They secretly dispose of ha
RideAnS [48]

Answer:

Beau's decision to tell somebody about his company's actions is an example of: whistle blowing

Explanation:

Ethics is the study of moral human behavior. Ethical behavior usually varies with different areas. What is considered ethical is always subject to the cultural standards of that particular place. In a company environment, there are ethical standards that are supposed to be met on the part of the company and also individuals working in the company.

One major ethical standard that companies must maintain is environmental protection. This is more prevalent in manufacturing companies that have to release toxic waste to the environment in the form of fumes to the atmosphere or liquid waste to rivers and water bodies. The environment is used by all living beings and therefor it needs to be protected. Ethical standards dictate that industrial waste should be kept below toxic levels before being released into the environment.

It is also ethical for any individual working in a company and has information about unethical practices of a company to publicly expose the company so that they can be held accountable for their actions. This is referred to as whistle blowing. Beau's decision to inform a newspaper reporter about the actions of the company in destroying the environment is an example of whistle blowing. Her decision is a typical example of ethical behavior.

8 0
3 years ago
When empty, the bladder is much smaller than when it is full. since the bladder must be able to stretch and expand as it fills,
Dmitry_Shevchenko [17]
Transitional epithelium

<span>Transitional epithelium is a tissue made of many layers of epithelial cells that can expand when filled with fluid or contract when there's a lack of fluid. It is thus 'transitional' since it does not have a fixed shape of form. When the bladder is full, the t</span>ransitional epithelium lining it expands to contain urine. Whereas, when the bladder is empty, the transitional epithelium lining contracts and flattens in shape.
8 0
3 years ago
Farmers contributed to the problems that led to the Dust Bowl by
solmaris [256]
The answer is D 
(using intensive farming practices that removed protective grasses.)

Hope it helps :) 
8 0
3 years ago
If creditors add finance charges after subtracting payments made during the billing period, this is called the: A. APR method. B
vladimir1956 [14]

The correct answer is D. Adjusted balance method.

Adjusted balance method in termed as the method which is being used by finance companies and banks to calculate for finance charges or interest income. which is known to be associated with credit card account or bank account.

The finance waits to aggregate all the adjustments and also calculates finance charges or interest rates by the end of billing period which will depend with the ending balance.

6 0
3 years ago
Read 2 more answers
Ruth has a home office that she shares with her husband, Barret. She keeps track of her business profits and expenses in several
myrzilka [38]

Answer:

unlock the user cells and then protect the worksheet

Explanation:

In order for Ruth's husband, Barret not to alter other cells of the worksheet files, she has to unlock the user cells and then protect the worksheet.

By unlocking the user cells and protecting the work sheet, she has prevented her husband, Barret from making a change to other cells of the worksheet.

A worksheet refers to a sheet of paper on which one performs work. The worksheet Ruth used in he home office is the computer based work sheet (software) where she keeps records of her business transactions.

4 0
3 years ago
Other questions:
  • .) A currency dealer has good credit and can borrow either $1,000,000 or €800,000 for one year. The one-year interest rate in th
    14·1 answer
  • A polite way to ask your boss for the training manual
    9·2 answers
  • Whoever answers gets brainlist!
    12·1 answer
  • If a shortage exists in the market, the invisible hand will manipulate prices to maintain equilibrium by increasing prices and t
    11·1 answer
  • Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following items for you to
    11·1 answer
  • Delegating authority and responsibility throughout an organization is known as: Multiple Choice management by exception. central
    13·1 answer
  • In the context of stragetic planning the streagtic goals of an orgainzation represent concrete benchmarks that managers can use
    11·1 answer
  • Investment X offers to pay you $6,200 per year for nine years, whereas Investment Y offers to pay you $9,000 per year for five y
    10·1 answer
  • A couple is interested in purchasing residential investment property, and they have informed their sales associate that they wan
    15·2 answers
  • (24^0)+(4^0). solve this problem fast​
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!