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Sloan [31]
2 years ago
11

a. You wish to have $1,500,000 by the age of 60 (30 years from now). If you can earn 8% interest on your investments, how much d

o you need to save per month, in order to achieve your goal?b. You decide you can afford house payments (principle and interest) of $900 per month. Given an annual rate of 5.5% for a 30 year loan, how much will you be able to borrow?c. You have $100,000 invested today. If you add $300 per month to your investments, after 35 years, assuming 8% annual interest, how much do you have total?d. You believe you could live on $6,000 per month today. What is the equivalent amount of money to the $6,000 (in terms of cost of living), 30 years from today, if it is adjusted for 2.5% annual inflation?
Business
1 answer:
lakkis [162]2 years ago
4 0

Answer:

A) We need to save $1,005 per month in order to have 1,500,000 in 30 years.

B) We will be able to borrow 158,579

C) We will have 2,259,361 in 35 years

D) The equivalent amount of money is 12,585

Explanation:

A) We are given a future value that we need to have in 30 years. So our future value is 1,500,000. Our present value is 0, our interest rate is 8/12=0.667. We divide 8 by 12 because we need to save money per month. The number of compounding periods are (30*12)=360. We multiply by 12 because monthly payments. Now we will enter this information in a financial calculator to find future value.

Pv= 0

FV = 1,500,000

I=0.66

N=360

Compute PMT= 1,005

B) PMT= 900

   I=5.5/12=0.458

   N= 30*12=360

   FV=0

Compute PV

PV=158,579

C) PV= 100,000

    PMT= 300

     N= 35*12= 420

     I=8/12=0.66

Compute FV=2,259,361

D) We need to know how much money will we need 30 years from now if we want to buy goods and services which are worth 6,000 today considering an inflation rate of 2.5%

We will multiply 6000 by (1+Inflation)^number of years

6000*(1.025)^30

=12,585

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Answer:

1. Authorized

2. Purpose

3. Commonly

4. Interest

5. Private

6. Furnished

7. Perform

8. Serious

Explanation:

In determining whether a particular act occurred within the scope of employment, courts will evaluate whether the employee’s act was authorized by the employer, the time, place, and purpose of the act, whether the act was one commonly performed by the employees on behalf of their employers, the extent to which the employer’s interest was advanced by the act, the extent to which the private interests of the employee were involved, whether the employer furnished the means by which an injury was inflicted, whether the employer had reason to know that the employee would perform the act in question and whether the employee had done it before, and whether the act involved the commission of a serious crime.

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2 years ago
How can technological innovation help a company become globalised​
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Explanation:

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3 years ago
Invoro is a market leader in consumer electronics. If Finolo and Ethver, companies that manufacture televisions, develop the sam
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Answer:

Invoro will have a resource that is valuable but no longer rare.

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Sara shouppe has invested $100,000 in an account at her local bank. the bank will pay her a constant amount each year for 6 year
katovenus [111]
We can compute this using the Annual depreciation charge
Use the formula:
depreciationcharge= (Co-Cn)i/[(1+i)^n-1)]
where
Co= initial amount= $100,000
Cn- value after n years= $0
n= life of account= 6
i= interest rate=10%
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3 years ago
During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were so
photoshop1234 [79]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Units manufactured= 2,400

Units sold= 2,000

Sales= $2,150,000

Manufacturing costs:

Direct materials= $960,000

Direct labor= $420,000

Variable manufacturing cost= $156,000

Fixed manufacturing cost= $288,000

Total= $1,824,000

Selling and administrative expenses:

Variable= $204,000

Fixed= $96,000

Total= $300,000

<u>Under the absorption costing, the cost of goods sold is calculated using the direct materials, direct labor, and total unitary manufacturing overhead.</u>

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Gross profit= 630,000

Total Selling and administrative expenses= (300,000)

Net operating income= 330,000

3 0
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