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3 years ago

8

You want to have $5 million when you retire in 40 years. you believe you can earn 9 percent per year on your investment. how muc

h must you invest each year to achieve your goal when you retire? (ignore all taxes.)

1 answer:

elena-14-01-66 [18.8K]3 years ago

5 0

You sure invest 150.00 every two weeks out of your pay check

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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

For the past few years, your company has sold 50,000 units of goods each year at a selling price of $25/unit. Fixed production costs were $300,000 and variable costs were $8 per unit. The Marketing Department advises you they believe sales will increase to 68,000 units next year.

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Answer:

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Explanation:

Data provided in the question:

Required payment = $24,800,000

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Now,

Required payment = A × [( ( 1+ r )ⁿ - 1) ÷ r ]

Here,

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Therefore,

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