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hram777 [196]
3 years ago
15

You have decided that you want to be a millionaire when you retire in 44 years. If you can earn an annual return of 11.38 percen

t, how much do you have to invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Investment $ What if you can earn an annual return of 5.69 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Helen [10]3 years ago
4 0

Answer:

PV = $8,719.322

PV= $87,600.88

Explanation:

Calculation for how much do you have to invest today If you can earn an annual return of 11.38 percent

Using this formula

PV = FV / (1 +r)t

Let plug in the formula

PV = $1,000,000 / (1.1138)^44

PV=$1,000,000/114.7878460565

PV = $8,719.322

Therefore If you can earn an annual return of 11.38 percent the amount you have to invest today will be $8,719.322

Calculation for if you can earn 5.69 percent

PV = $1,000,000 / (1.0569)^44

PV =$1,000,000/11.41540982272

PV= $87,600.88

Therefore If you can earn an annual return of 5.69 percent the amount you have to invest today will be $87,600.88

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2 years ago
Lindsay is Jon's manager and calls him into her office after everyone else has gone home for the day. She closes the door and te
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Explanation:

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3 years ago
A manager with _______ skills has the ability to deal effectively with people inside and outside the organization.
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8 0
3 years ago
Read 2 more answers
Steve is staying at a hotel while on business in Chicago, but he forgot to bring his ties. Who would he most likely turn to for
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5 0
2 years ago
Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch
cricket20 [7]

Answer:

a) Present value of the investment: $198,936

b) if the present worth of the investment which are discounted at MARR rate is positive, the investment is worth investing, while if the present value of the investment is negative, Investor should not invest.

c) As calculated in (a), present value of the investment is $198,936, Bailey should buy the gang punch

Explanation:

Please find detailed of calculation in (a) which is shown as below:

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