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zheka24 [161]
3 years ago
8

Assume that you are 30 years old today, and that you are planning on retirement at age 65. You expect your salary to be $42,000

one year from now and you also expect your salary to increase at a rate of 5% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 31st birthday and will be 8% of this year's salary. Likewise, you expect to deposit 8% of your salary each year until you reach age 65. Assume that the rate of interest is 9%. The present value (PV) (at age 30) of your retirement savings is closest to
Business
1 answer:
Anastasy [175]3 years ago
3 0

Answer:

$50,855.62

Explanation:

I prepared an excel spreadsheet to determine the yearly contributions to the plan and their future value.

once you reach 65 years, your retirement account should have $1,038,165. Now we need to determine the present value = $1,038,165 / (1 + 9%)³⁵ = $50,855.62

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Plssss help
Stolb23 [73]

India's comparative advantage in the global competition will be "Low-cost labor".

  • Over the past couple of years, India however has preserved significant competitive advantages throughout the production of medicines as well as a variety of tradeable commodity manufactured goods.
  • Despite the reality that the requirements for becoming a distribution center continuously improving, certain manufacturing investments are expected to somehow be untouched by technology.

Thus the above answer i.e., "option a" is the right answer.

Learn more about the global competition here:

brainly.com/question/15637941

3 0
2 years ago
The quality of the report Jamie turned in was lower than expected. Here was
Mashcka [7]

Answer:

he was not doing his job right? im sorry if this is wrong

Explanation:

6 0
3 years ago
+
Tanzania [10]

Answer: National Clubs

Explanation:

There are national clubs where students with common interests can meet via an online school such as the K12 online national clubs. Enrolling for the club is not a difficult process and the schedule can then be accessed from the Class Connect schedule.

These clubs offer a diverse range of interests and subjects such as engineering, sketching and others and they are led by teachers from a school which is K-12 registered and powered.

8 0
3 years ago
Bailliere Company recorded cash sales of $300,000 and cost of goods sold relating to those sales of $120,000 on its Excel spread
dezoksy [38]

Answer:

Option B

Cost of goods reported =$ 125,000

Explanation:

<em>Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level. </em>

As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.

<em>The under applied overhead implies that the applied overhead is less than the actual overhead. </em>

This implies that the cost of the goods are under valued. Hence, to accurately valued them, the under applied overhead would be added to the cost of the goods.

Cost of goods reported = cost of goods + under applied overhead

                                       = 120,000 + 5,000 = 125,000

Cost of goods reported =$ 125,000

6 0
3 years ago
After submitting a résumé electronically, how long should you wait before following up with an employer?
nikdorinn [45]
Maybe it depends on when their interviews ends
3 0
3 years ago
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