Answer:
The amount that you should have saved in your retirement account to receive this income is:
= $727,995.88.
Explanation:
a) Data and Calculations:
Expected lifespan = 24 years
Expected annual income = $75,000
Interest rate per year = 9%
The amount of savings in the retirement account to receive this income is calculated from an online financial calculator as follows:
N (# of periods)  24
I/Y (Interest per year)  9
PMT (Periodic Payment)  75000
FV (Future Value)  0
  
Results
PV = $727,995.88
Sum of all periodic payments = $1,800,000.00
Total Interest = $1,072,004.12
 
        
             
        
        
        
Answer:
the  value of the short forward contract is -0.49
Explanation:
the computation of the value of the short forward contract is shown below:
= (Delivery price - current forward price)× e^(risk free interest rate × no of months ÷ total number of months)
= ($42.25 - $42.75)× e^(-7.90% × 4÷12)
= -0.49
Hence, the  value of the short forward contract is -0.49
Therefore the same should be considered  
 
        
             
        
        
        
Answer:
8%
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator  
Cash flow in year 0 = $-300
Cash flow each year from year 1 to 4 =  × $300 = $24
 × $300 = $24
Cash flow in year 5 = $300 + 24 = $324
  
IRR = 8%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.  
 
        
             
        
        
        
Answer:
The cash collection on September 9 is records by the entry:
Debit Cash $5,300
Credit Accounts Receivable $5,300
Explanation:
Barnes Books allows for possible bad debts. On May 7, the company writes off a customer account. The journal entry:
Debit Allowance for Doubtful Accounts $5,300
Credit Accounts Receivable $5,300
On September 9, the customer unexpectedly pays the $5,300 balance. The journal entries:
1. Debit Accounts Receivable $5,300
Credit Allowance for Doubtful Accounts $5,300
2. Debit Cash $5,300
Credit Accounts Receivable $5,300
 
        
             
        
        
        
$60 one year ago. The stock is now worth $70. During the year, the stock paid a dividend of $2.25. The total return to George from owning the stock would be 20% (after rounding off the answer to the nearest whole percent). 
- Total return on share is the summation of dividend and price appreciation. 
- Since, the dividend = $2.25
- Then, to ascertain price appreciation we need to subtract the dividend from the total return on the share. 
- Price appreciation = $70 - $60 = $10
- Total return can be calculated hence. 
- Total return = $10 + $2.25 = $12.25
- Therefore, the total return for George was $12.25.
- To round off the answer to the nearest whole percentage:
- Total return percent = $12.25/$60 = 20% approximately
Therefore, the total return to George from owning the stock would be 20%. 
Learn more about total returns here: 
brainly.com/question/13078425
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