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lora16 [44]
4 years ago
10

Lena has just become eligible to participate in her​ company's retirement plan. Her company does not match​ contributions, but t

he plan does average an annual return of 12%. Lena is 40 and plans to work to age 65. If she contributes ​$200 per​ MONTH compounded ANNUALLY, how much will she have in her plan at​ retirement?
Business
1 answer:
Darya [45]4 years ago
3 0

Answer:

$375,769.33

Explanation:

Premium amount(PMT) = $200

rate of return(r) = 12% annual = 12/12 = 1% monthly = 0.01

Number of payment(n) = (65-40) = 25 Annual = 25 x 12 = 300 monthly

Future value = ?

Computation:

Future\ Value = PMT [\frac{(1+i)^{n}-1}{i}] \\ = 200 [\frac{(1+0.01)^{300}-1}{0.01}]\\= 200 [\frac{(1+.01)^{300}-1}{0.01}]\\\\= 200 [\frac{19.7884663-1}{0.01}]\\\\= 200 [\frac{18.7884663}{0.01}]\\\\=200(1878.84663)\\=375,769.326

Future value is $375,769.33

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Blababa [14]

Answer:

the increase in additional paid in capital is $13,000

Explanation:

The computation of the increase in additional paid in capital is shown below:

= (Average price per share - par value of shares) × number of shares

= ($21 - $8) × 1,000

= $13 × 1,000

= $13,000

hence, the increase in additional paid in capital is $13,000

8 0
3 years ago
Match each of the global business practices with an example of its use.
Mrrafil [7]

Answer:

The answer is

A. A U.S. auto organization starts making certain auto parts in Bangladesh.  

B. A U.S. auto organization contracts a South Korean organization to make its tires.  

C.  A Japanese auto organization opens a processing plant in the United States.  

Explanation:

South Korea is popular for its economy blasting, with Samsung, LG, Hyundai, and Olympic amusements in 1988. In 2000's, with the exception of the colossal brands, South Korea is likewise renowned for her media outlet . Manga style is a miracle.North Korea, formally the Democratic People's Republic of Korea, keeps on being a Touche communist state under the lead of the Workers Party of Korea. In South Korea, socialism stays unlawful through the National Security Law.

3 0
3 years ago
Suppose that the duration of unemployment can be accurately modeled by an exponential distribution. What is the probability that
Phantasy [73]

Answer:

The answer is "0.7275".

Explanation:

6 months =26 weeks.

Since we can write pdf in a medium 20 weeks since the distribution is exponential

P(X

                 = \frac{1}{20} \frac{e^{\frac{-x}{20}}}{\frac{-1}{20}}|_{0}^{26} \\\\\\ = -(e^{ \frac{-26}{20}} - e^{0})\\\\\\ = 0.7275

4 0
3 years ago
Quickly research alternatives to mandatory public tax. From this research, what is one way we could pay for things like roads, s
oksian1 [2.3K]
One way would be to get donors


Hope this helped
3 0
3 years ago
Renee operates a proprietorship selling collectibles over the web, and last year she purchased a building for $24 million for he
Nuetrik [128]

Answer:

$30.1

Explanation:

Adjusted basis refers to the net value of an asset after considering depreciation and capital investments. It is the net value of an asset.

Adjusted taxable income is the income after adjusting for depreciation and interest.

For a sole proprietorship, the income of the business is the same as owners' income.  

For Renee, adjusted taxable income will be,

Total revenue= $85M

Net expenses equal to total revenue minus depreciation minus interest paid

=$78.1, - $10.1 - $12.7

=$54.9

Adjusted taxable income= Total revenue - net expenses

= $85 - $54.9

=$30.1

5 0
3 years ago
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