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Varvara68 [4.7K]
3 years ago
14

Ian would like to save $2,000,000 by the time he retires in 30 years. if he believes that he can achieve a 6% rate of return, ho

w much does he need to deposit each year, starting one year from now, to achieve his goal? $12,065 $5,790 $37,500 $25,298
Business
1 answer:
klio [65]3 years ago
7 0
The future worth of the periodic payment, in this case, annual, can be calculated through the equation,

    FV = P x ((1 + r)^n - 1)/ r))

where FV is the future value, P is the periodic payment, r is the interest rate, and n is the number of years. Substituting the known values,

   2,000,000 = P x ((1 + 0.06)^30 - 1)/ 0.06))

The value of P from the equation is $25,297.82

Hence, the answer to this item is the fourth choice. 
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Find using distributive property​
Lina20 [59]
Expand the equation.
Multiply (distribute) the first numbers of each set, outer numbers of each set, inner numbers of each set, and the last numbers of each set.
Combine like terms.
Solve the equation and simplify, if needed.
6 0
3 years ago
The __________ component deals with the management and control of the ways entities are granted access to resources.
Mars2501 [29]

Answer:

Access management

Explanation:

The "access management" component deals with the management and control of the ways entities are granted access to resources.

Access management regulates the ways and methods entities are granted access to resources. It determines which user is able to access the resources.

6 0
3 years ago
Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of even
OlgaM077 [116]

This amount would have to be recorded as not accrued in the circumstance that he is defending against a lawsuit.

<h3>What is a lawsuit?</h3>

A lawsuit is an action brought by one or more parties in a civil court of law against another party. Only a limited number of laws from long ago that are still in force include the phrase "suit in law."

The most frequent reasons to "sue" an employer are discrimination, harassment, wrongful termination, and workplace injuries, whether accusations are made or a lawsuit is filed directly. More information about each sort of claim is provided below.

Read more on lawsuits here:brainly.com/question/25389760

#SPJ1

required: Indicate the amount Erismus would record as an asset, liability, or not accrued in the following circumstances

Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000.

4 0
1 year ago
In a five paragraph essay compare and contrast your state's constitution with the United States Constitution, and determine the
mart [117]

Answer:

hi

Explanation:

6 0
3 years ago
During 2013, Stein Corporation reported net sales of $3,500,000 and net income of$2,100,000. Stein also reported beginning total
lana66690 [7]

Answer:

b.2.8 times.

Explanation:

Asset turnover =  net sales/average total assets

From Stein Corporation report,

Net sales = $3,500,000

Beginning total assets = $1,000,000

Ending total assets = $1,500,000

Average total asset = ($1,000,000 + $1,500,000)/2

                                 = $1,250,000

Asset turnover = $3,500,000/$1,250,000

                         = 2.8 times

Option b is right.

5 0
4 years ago
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