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Furkat [3]
2 years ago
9

An engineer invests $5,000 at the end of every year for a 40-year career. If the engineer wants $1 million in savings at retirem

ent, what interest rate must the investment earn
Business
1 answer:
Feliz [49]2 years ago
5 0

Answer: 7%

Explanation:

Given data:

P = $5,000

r = ?

t = 40years

i = $1,000,000

Solution:

NFW = 0 = -$5000 ( F/A , i , 40 ) + $1,000,000

( F/A , i , 40 ) = $1,000,000 / $5,000

= 200

From compound interest table

( F/A , 7% , 40 ) = 199.636

Therefore the return for the investment would be 7%

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mario62 [17]

Answer:

The description of the given question is explained throughout the section below.

Explanation:

  • The value of the property seems to be under competition from increasing numbers of marketers who'd like to acquire at around that price, the property's amount is increasing, which is defined as resistance.
  • Its positions can sometimes be short-lasting if the fresh result of developments that influence the perceptions of such mainstream economy forward towards the commodity.
5 0
3 years ago
Which of the discrimination protected by EEOC
Gre4nikov [31]
Answer :
A. Stereotype (i think this is right)
4 0
3 years ago
Playtown Corporation purchased 75 percent of Sandbox Corporation common stock and 40 percent of its preferred stock on January 1
Nesterboy [21]

Answer:

<u>Elimination Journal.</u>

Retained  Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest  $90,000 (credit)

Explanation:

When dealing with consolidation of Financial Statements, the Equity and Retained Earning in the Subsidiary has to be eliminated from the records whilst the Investment in Subsidiary and the Non-Controlling Interest in Subsidiary are recognized.

Elimination of the common items in consolidation is done by the use of Pro-forma Journals.

<em>Goodwill</em> or <em>Gain on Bargain Purchase</em> are also recognized on the date of acquisition of subsidiary.

Goodwill is the excess of Purchase Price and Non-Controlling interest over the Net Assets Acquired.While Gain on Bargain Purchase is the excess of Net Assets Acquired over Purchase Price and Non-Controlling interest.

<u>Elimination Journal.</u>

Retained  Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest  $90,000 (credit)

8 0
3 years ago
An investment has the option of daily compounding, monthly compounding, or annual compounding. The present value of this investm
Readme [11.4K]

Answer:

True

Explanation:

The statement ' An investment has the option of daily compounding, monthly compounding, or annual compounding. The present value of this investment will be lowest when the investment is compounded daily ' is true.

Investment refers to the process of investing money to earn money.

Investment refers to purchasing goods that may not be used today but are consumed in the future to create wealth.

6 0
3 years ago
The Astro World amusement park has the opportunity to expand its size nowâ (the end of yearâ 0) by purchasing adjacent property
STatiana [176]

Answer:

Percent increase as a result of expansion = 30%

Price of admission = $35

Cashflow attributable to the park's expansion = Estimated attendance without expansion * percent increase as a result of expansion * admission fee - additional operating costs per year.

Year 1

= 31,000 * 30% * 35 - 100,000

= $225,500

Year 2

= 35,000 * 30% * 35 - 100,000

= $267,500

Year 3

= 36,750 * 30% * 40 - 100,000

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Year 4

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= $362,000

Year 5

= 42,000 * 30% * 40 - 100,000

= $404,000

6 0
2 years ago
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