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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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Garth’s Distributing contracted with Wally Co. to sell it bottled water for $20,000. The contract is silent about assignments. G
soldier1979 [14.2K]

Answer:

D. Zeta prevails, but only if the assignment is signed and in writing

Explanation:

Zeta prevails but only if the assignment is in writing and is signed.

If the assignment is express thereby and is signed by the parties in contract , then zeta can demand the amount from willy. Without any written consent and permission , willy cannot enforce the payment to zeta.

This is the best option in this case .

4 0
3 years ago
Katie’s Cleaning Service has cleaning contracts for 15 apartments, 45 family homes, and 25 office buildings. She estimates that
Tomtit [17]

Answer:

correct option is B: $29,000

Explanation:

given data

apartments = 15

family homes = 45

office buildings = 25

pay for cleaning staff =  $12.50/hour

solution

we get here Total Budgeted hours that is

type                      Number     Hrs/Clean      No of Cleans    Total Hours

Apartments           15                  4                    4                      240

Homes                   45                 6                    4                      1080

Office                     25                10                    4                     1000

Total Budgeted hours need per month                                2320

Budgeted cost per month that is 12.50/hrs so it will           29000

so correct option is B: $29,000

3 0
4 years ago
. Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 4 bars and the price is $4. In year
NikAS [45]

Answer:

Nominal GDP in year 1 = $16

Nominal GDP in year 2 = $25

Nominal GDP in year 3  = $36

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Nominal GDP is GDP calculated using current year prices

Nominal GDP in year 1 = 4 x $4 = $16

Nominal GDP in year 2 = 5 x $5 = $25

Nominal GDP in year 3 = 6 x $6 = $36

5 0
3 years ago
Patterson Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's NPV?
diamong [38]

Answer:

NPV= $60.52

Explanation:

Giving the following information:

Robbins Inc. is considering a project that has the following cash flow: −$950 $500 $400 $300

Cost of capital= 10.00%

To calculate the net present value we need to use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf= cash flow

For example= Year 3: 300/1.10^3= 225.39

NPV= $60.52

8 0
4 years ago
Using information to design a marketing strategy to acquire/retain clientele is known as:_____.A) Behavioral targetingB) Custome
DedPeter [7]

Answer:

Customer relationship management

Explanation:

Customer relationship management is a strategy used in most organisation    in which official make plan to retain their customers. They analyse the data about the customer, their professional history, their gross profit, nature of business etc. These all process help to boost the growth of company to the next level.

7 0
3 years ago
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