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
Mkey [24]
3 years ago
10

Your grandparents are talking about their retirement in a year. They told you that they should have enough in their retirement f

unds to pull $50,000 a year for 20 years, starting one year from today. If the discount rate is 5 percent, how much should they have in their retirement account now?

Business
1 answer:
Fittoniya [83]3 years ago
7 0

Answer:

$623,110.52

Explanation:

We use the present value function to calculate the amount available now that is shown in the attached spreadsheet. Kindly find it below:

Future value = $0

Rate of interest = 5%

NPER = 20 years

PMT = $50,000

The formula is shown below:

= PV(Rate;NPER;-PMT;FV;type)

So, after solving this, the present value is $623,110.52

You might be interested in
Think of a successful business and research the founding of that business. What successes could you learn about from that busine
34kurt

Answer:

Explanation:

There are many successful businesses that have risen from nothing. One business that stands out was the website X which is now known as Paypal. Looking at this business and many other successful ones I have learned that making a business successful relies on two main factors. Whether or not your product/service solves a real-life problem, and if you have your correct target audience. Getting both of these two factors correct almost guarantees that your business will be a success assuming you put in the effort.

3 0
3 years ago
Whatever the quality improvement approach, what key concept(s) is/are common between each approach?
Ber [7]

The common key concepts that are common to the quality improvement approach are the following;

-          Usage of QI tools, this is used for mapping, analyzing and collecting data.

-          Outcomes and measuring are also used.

-          Lastly, application of statistical process control

5 0
4 years ago
Students should consider ________________________ when choosing a career, and this includes reflecting on personal interests, ta
Oliga [24]

According to research studies, Students should consider <u>self-efficacy</u> when choosing a career, including reflecting on personal interests, talents, needs, and values.

<h3>What is Self-Efficacy?</h3>

Self-Efficacy is a psychological term used to describe individuals' ability to perform essential activities to achieve success in their given tasks or endeavor.

Before choosing a career, a student should also consider his capability to perform well in that choosing career. Otherwise, he might not enjoy the career or fail.

Hence, in this case, it is concluded that the correct answer is option A. Self-Efficacy

Learn more about choosing a career here: brainly.com/question/18432815

6 0
2 years ago
Joe Smith borrowed $46,000 to pay for a startup business. Joe must repay the loan at the end of 8 months in one payment with a 5
stepladder [879]

Answer:

The correct answer is $47,596.2.

Explanation:

According to the scenario, the given data are as follows:

Total amount (P)= $46,000

Rate of interest = 5.2%

Time period = 8 months

So, rate of interest for 8 months (r) = 5.2% × 8 ÷ 12 = 3.47%

Time period (t)= 1

So, we can calculate the Joe loan repayment value by using following formula:

Loan repayment value = P × ( 1 + r)^t

= $46,000 × ( 1 + 3.47%)^1

= $46,000 × ( 1.0347)^1

= $47,596.2

8 0
4 years ago
When tariffs are imposed, the losers include domestic consumers and the domestic government. foreign consumers and domestic prod
Maslowich
<span>When tariffs are imposed, the losers include domestic consumers and foreign producers. A tariff is a tax that is imposed on different imports or exports. When these taxes are added the consumers wanting to purchase the item are going to pay more for it because of the added tax. This also hurts foreign producers because their products cost more for those in the country they are being imported into making some people want to stay away from purchasing the item. </span>
6 0
3 years ago
Other questions:
  • What is labour turnover
    11·1 answer
  • Zdghnsrgbdntybhdbgssssss
    13·2 answers
  • For a consumer with a given level of income, the combinations of goods for the budget constraint will be _______ than for the bu
    13·1 answer
  • Discuss the importance of managerial accounting as "decision-making tool" in your organization.
    5·1 answer
  • If sales are $1,081,000 in 2019 and this represents a 15% increase over sales in 2018, what were sales in 2018?
    12·1 answer
  • Choose the BEST paraphrase of this sentence: Tashkent, the capital of Uzbekistan, has been an important market and trading place
    11·1 answer
  • Chapter 13 is often prefer to chapter 7 by debtors because
    9·1 answer
  • In king's view, what three qualities must a movement have in order to achieve the goal of integration?
    15·1 answer
  • _____ is a broad set of communication activities used to create and maintain favorable relations between the organization and it
    7·1 answer
  • A period during which aggregate output rises is known as a(n)
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!