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wariber [46]
3 years ago
8

s has decided that he wants to build enough retirement wealth that, if invested at 7 percent per year, will provide him with $3,

000 of monthly income for 30 years. To date, he has saved nothing, but he still has 20 years until he retires. How much money does he need to contribute per month to reach his goal
Business
1 answer:
Crank3 years ago
7 0

Answer:

Annual deposit= $26,344.36

Explanation:

Giving the following information:

The interest rate is 7 percent per year.

He wants to have enough money to provide him with $3,000 of monthly income for 30 years. To date, he has saved nothing, but he still has 20 years until he retires.

First, we need to calculate the total amount of money required:

Final value= 3,000* (30*12)= $1,080,000

Now, we can calculate the annual deposit:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

FV= 1,080,000

i= 0.07

n= 20

A= (1,080,000*0.07) / [(1.07^20) - 1]= $26,344.36

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hammer [34]

The question is incomplete. The complete Question is,

Brushy Mountain Mining Company's coal reserves are being depleted, so its sales are falling. Also, environmental costs increase each year, so its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 4% per year. If D0 = $2 and rs = 17%, what is the estimated value of Brushy Mountain's stock?

Answer:

P0 = $9.1428 rounded off to 9.14

This answer is for the question above. Change the values and use the same formula if the values differ

Explanation:

The constant growth model of dividend discount model (DDM) can be used to calculate the price of the stock today. DDM calculates the price of a stock based on the present value of the expected future dividends from the stock. The formula for price today under constant growth DDM is,

P0 = D0 * (1+g) / (r - g)

Where,

D0 * (1+g) is the dividend expected in Year 1 or next year

g is the constant growth rate in dividends

r is the discount rate or required rate of return

P0 = 2 * (1-0.04)  /  (0.17 + 0.04)

P0 = $9.1428 rounded off to 9.14

6 0
3 years ago
John Deere is a manufacturer of agriculture equipment. Deere supplies replacement parts to dealerships across the globe. John De
Marrrta [24]

Answer: Internet of Things

Explanation:

The above scenario explained in the question shows that John is utilizing the Internet of Things.

Internet of Things (IoT) simply refers to the internet-connected objects which can be used to gather data over a wireless network and also transfer them.

The Internet of things is vital in this case as it helps to to have devices that self report in real-time, and improving efficiency.

5 0
3 years ago
A general decrease in wages will result primarily in the _____ curve shifting to the _____. aggregate demand; left short-run agg
Archy [21]

A general decrease in wages will result primarily in the aggregrate demand curve shifting to the shifting to the right.

<h3>What is the impact in the decrease in wages? </h3>

When there is a decrease in wages, it becomes cheaper to hire labor. As a result, there would be an increase in the demand for labor. This would shift the demand curve for labor to the right.  

The decrease in wages, would shift the long run aggregrate supply curve to the left.

To learn more about the demand curve, please check: brainly.com/question/25140811

5 0
2 years ago
Which of the following is a result of unemployment that is very low? a. The few people who are unemployed stop looking for jobs.
hammer [34]

Answer:

Option "C"  is correct.

Explanation:

Option "c" is correct because companies are facing difficulties in the recruitment of workers which exhibits that few workers are available in the market. That means the company does not have enough options regarding the workers so it finds difficulty in the recruitment. Moreover, the availability of few workers means unemployment is very low.

6 0
3 years ago
Analyze various methods of conducting Internet research.
almond37 [142]

An effective Boolean search strategy that Magda should adopt is the use of Boolean operators and emboldened keywords.

<h3>What is an Internet research?</h3>

An Internet research can be defined as a reearch methodology that involves the use of information that obtained from the World Wide Web (WWW) to investigate, analyze and reach a logical conclusion on a subject matter (topic).

<h3>The various methods of conducting Internet research.</h3>

Generally, there are different methods used by researchers to conduct an Internet research and these include:

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In conclusion, an effective Boolean search strategy that Magda should adopt is the use of Boolean operators such as "Or" and "AND" so as to broaden the search results about flu.

Read more on research report here: brainly.com/question/26177190

#SPJ1

8 0
2 years ago
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