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lana66690 [7]
3 years ago
10

Elin wants to retire in 20 years when she turns 60. Elin wants to have enough money to replace 120% of her current income less w

hat she expects to receive from Social Security. She expects to receive $20,000 per year from Social Security in today's dollars. Elin is conservative and wants to assume a 5% annual investment rate of return and assumes that inflation will be 3% per year. Based on her family history, Elin expects that she will live to be 95 years old. If Elin currently earns $100,000 per year and expects her raises to equal the inflation rate, approximately how much does she need at retirement to fulfill her retirement goals
Business
1 answer:
xxMikexx [17]3 years ago
3 0

Answer:

She needs :$4,045,303 for her retirement

Explanation.

Total all expenses and earnings

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Answer:

Please see attachment

Explanation:

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5 0
3 years ago
Both seashells and corn have been used as money in the past. Which do you think is a better choice? Explain your answer by refer
Katarina [22]

Answer:

Seashells  were better than corn.

Explanation:

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It helped in a growing trade. Shells were the part of commodity money.Sea shells were used as a whole or partial. Shells were used either in the shape of beads or artificially shaped.

5 0
3 years ago
The Durham-Mills Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespre
forsale [732]

Answer:

False

Explanation:

The Otis Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespread use in industry.

This test was first developed in 1922 by Arthur Otis. It was first designed to measure students' general school abilities. Otis's first tests were designed for the Army in 1917 and were known as the Alpha tests (for those who could read) and the Beta tests (for those who couldn't read).

7 0
3 years ago
Globalization in the corporate age enables people who do not have health insurance to take advantage of medical tourism, medical
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Suppose that a consumer has a health insurance program with co-payments of $10 per doctor visit. If the consumer purchases 6 doc
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Answer:

$300

Explanation:

Given that s a health insurance program with co-payments of $10 per doctor visit.

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amount paid by insurance in 1 visit = $10

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3 0
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