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Serhud [2]
3 years ago
12

27. You want to have $1 million in your savings account when you retire. You plan on investing a single lump sum today to fund t

his goal. You are planning on investing in an account which will pay 7.5 percent annual interest. Which of the following will reduce the amount that you must deposit today if you are to have your desired $1 million on the day you retire (there could be more than one answer)? A. Invest in a different account paying a higher rate of interest. B. Invest in a different account paying a lower rate of interest. C. Retire later. D. Retire sooner.
Business
1 answer:
Serjik [45]3 years ago
5 0

Answer:A and C

Explanation:

Interest is compounded in savings accounts and me to reduce the amount that I must deposit today and still have my desired $1 million on the day I retire then I should either, invest in a different account paying a higher rate of interest meaning the invested amount will be compounded at a higher rate thus my initial investment amount requirement reduced. Or, since compounded interest is a function of time, if I retire later, that would mean a longer time for my initial investment to compound to $1 million, thus reducing my initial investment amount requirement.

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A monopolist maximizes profits by:
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Answer:

c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q)

Explanation:

Profit is maximised at MR= MC and price is greater than MC for monopoly.

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If company A has higher TEI than company B, then company A has than company B
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Explain why peccarelli returned to guatemala and describe the goals his team are trying to accomplish.
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3 years ago
Question 1
mr Goodwill [35]

Answer:

This is an absolutely  great idea. The only problem is where are you planning to hold your Business? Where are you selling these candies? How will you spread the word? What can you do to make sure people come back and want more of your product?

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7 0
3 years ago
The lower a firm's inventory turnover, the longer it takes the firm to collect payment on its sales. a. faster the firm collects
Doss [256]

Answer:

The answer is C. longer inventory sits on the firm's shelves

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The formula is:

cost of goods sold/average inventory.

A lower inventory turnover means weak sales(declining sales) and excess inventory remaining in the warehouse while a higher inventory turnover means it is taking a firm short time to sell its goods(inventory)

4 0
3 years ago
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