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REY [17]
4 years ago
7

You plan to retire at age​ 65, and you want to have enough money in your savings account to withdraw​ $54,000 every year for 20

years after that. Your account earns​ 9% interest per year. If​ you're currently​ 30, how much money do you need to put in the account each year until​ you're 65​ (35 years) to make that​ happen? ​ (Note: You put in the last deposit in one year and make the first withdrawal in the next. There is no​ gap.)

Business
1 answer:
leonid [27]4 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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The answer will be A
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At a local manufacturing plant, about 20 percent of the engineers work full-time as independent contractors for a maximum of thr
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HR experts would designate these professionals as <u>contingent employees.</u>

<h3><u>A Contingent Worker: What Is One?</u></h3>

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4 0
2 years ago
Suppose that the risk-free rates in the United States and in Canada are 5% and 3%, respectively. The spot exchange rate between
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Answer:

The futures price of the C$ should be 0.82/C$.

Explanation:

Let:

rUS = Risk-free rates in the United States = 5%

rC = Risk-free rates in Canada = 3%

S = Spot exchange rate = $0.80/C$

Since the rUS is greater than rC, we have:

Future price of C$ = S + ((rUS -rC) * S) = 0.80 + ((5% - 3%) * 0.80) = 0.80 + (2% * 0.80) = 0.80 + 0.016 = 0.816, or 0.82

Therefore, the futures price of the C$ should be 0.82/C$.

4 0
3 years ago
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Top down

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Top down marketing involves situation anaysis, marketing objectives, marketing strategy ans marketing tactics.

Cheers.

3 0
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