suppose you want to have $400,000 for retirement in 20 years. your account earns 5% interest. a) how much would you need to deposit in the account each month Your account earns 7.9% interest" How often is it compounded? Daily? Monthly? Annually? Since we are going to find out how much you have to save per month I will assume that the interest is compounded monthly
<h3>What is
retirement ?</h3>
Retirement is the cessation of one's employment, occupation, or active working life. Another way to semi-retire is to work fewer hours or with less job.
When they are old or unable to work due to health issues, many people decide to retire. People may also retire when they are eligible for private or public pension benefits, while others are compelled to do so due to legislation governing their jobs or because their physical conditions make it impossible for them to continue working (due to disease or accidents). The concept of retiring was first popularized in the late nineteenth and early twentieth centuries in the majority of nations.
To learn more about retirement from the given link:
brainly.com/question/3605610
#SPJ4
Answer:
The term is stakeholder.
Explanation:
Stakeholders are the people or groups who have an interest in the business. They either affect or are affected by the business. Generally, employees, consumers, creditors, investors, and suppliers are stakeholders of a business.
Stakeholders are categorized into two types.
- External Stakeholders
- Internal Stakeholders
External stakeholders are those people or groups who are not directly related to the business, for instance, creditors and investors, suppliers.
Internal stakeholders are those group and people who are directly related to the business, for instance, employees, owners, etc.
This is a demographic profile of the target market. Marketers use this profile to segment the entire market into target markets. They use things like demographics (age, race, income, education) to identify which markets are more likely to buy their products.
This whole process is called market segmentation.