Answer:
Monthly deposit= $485.93
Explanation:
Giving the following information:
You want to retire exactly 35 years from today with $2,020,000 in your retirement account.
interest rate= 10.35 percent compounded monthly
First, we need to calculate the monthly interest rate.
Monthly interest rate= 0.1035/12= 0.008625
Now, using the following formula we can calculate the monthly deposit:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
n= 35*12= 420
A= (2,020,000*0.008625) / [(1.008625^420)-1]
A= $485.93
Answer:
Assuming the same rate that Coca Cola's did in Germany between 1939 and 2008 and the same volume distribution of 2011 cases sales, then hypothetically sales in Germany in 2053 would be 226 bilion cases.
Explanation:
Taking the Coca Cola's worldwide growth the same rate that Coca Cola's grew in Germany between 1939 and 2008, that is 10.26% per, then for the 26.7 billion from today up to the 2053 year we would have:
S = 26.7 billion * (1.1026)^42 = 1614 billion cases
If we use volume distribution of the year 2011, then sales in Germany would be:
SG = 1614 billion cases * 14 % = 226 billion cases
Answer:
approximately $6,676,000
Explanation:
the value of the inventory that was destroyed by fire = beginning balance on January 1 + purchases made before the fire + freight costs - cost of goods sold
inventory destroyed by fire = $6,900,000 + $3,032,000 + $342,000 - ($5,140,000 x 70%) = $10,274,000 - $3,598,000 = $6,676,000
Answer:
Because this transaction MEET the control of the corporation requirement, Janice has income of $0 and Thom has income of $
Explanation:
Based on the information we were told that Thom provide service that is worth $40,000 which means that the amount of $40,000 is Thom income but we were not told that Janice has an income, which means that Janice will have an income of $0.
Hence, Because this transaction MEET the control of the corporation requirement, Janice has income of $0 and Thom has income of $
40,000.
Answer: get a lil side job a save until you have enough
Explanation:
