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barxatty [35]
3 years ago
13

Gordon and lisa estimate that they will need $1,875,000 in 40 years for their retirement fund. if they can earn 8 percent annual

ly on their funds, how much do they need to save annually
Business
1 answer:
inysia [295]3 years ago
5 0
I believe the answer would be $9,234
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Advocard [28]

Answer:

$0.37

Explanation:

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tigry1 [53]

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8 0
3 years ago
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ANEK [815]

Answer:

The Bid Price you should submit is $15.45

Explanation:

NPV = -795000 + 143000*(1-21%)/1.09^5-70000 + 70000/1.09^5 + ((120000*(P-10.15) - 435000 - 795000/5)*(1-21%) + 795000/5)/0.09*(1-1/1.09^5)

        => -795000 + 143000*(1-21%)/1.09^5 - 70000 + 70000/1.09^5 +((120000*(P-10.15) - 435000 - 795000/5)*(1-21%) + 795000/5)/0.09*(1-1/1.09^5) >=0

      =>P = 15.446118865171

Therefore, The Bid Price you should submit is $15.45

6 0
3 years ago
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3 years ago
Read 2 more answers
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