1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aalyn [17]
3 years ago
7

Suppose you want to have $400,000 for g retirement in 25 years. Your account earns 8% interest. How much would you need to depos

it in the account each month?
Business
1 answer:
MA_775_DIABLO [31]3 years ago
3 0

Answer:

$418

Explanation:

FV = $400,000. This is the amount you want to have in your retirement account 25 years from now

i/r = 8%/year = 0.67%/month. The interest that the account pays

n = 25 years = 25 x 12 = 300 months

PV = 0

PMT (The amount of monthly deposit required to achieve the target above. This is the missing value we need to calculate)

By using financial calculator, we obtain:

PMT = $418

You might be interested in
Balance of trade summarizes
babunello [35]

Answer:

C. The flow of goods and services.

Explanation:

Balance of trade: In Economics, the balance of trade accounts for the inflow and outflow of the goods and services in in a country for a given period, it is also called the <em>balance of payment.</em>

8 0
3 years ago
Read 2 more answers
A worker sets up to begin a painting job. He lays down a drop cloth and makes sure that the floor is even so that the ladder is
rodikova [14]

Answer:

You should never use the top of a ladder as a step. The employer should correct the worker’s behavior and ensure he knows the proper way to use a ladder.

Explanation:

He is standing at the top. He is not suppose to and OSHA does not approve this.

7 0
4 years ago
Amy is shopping for a dress to wear to a formal dance. She tried on several dresses, not even noticing the price of each. After
fredd [130]

Answer: It is called affective choice

Explanation:

Affective decision-making (ADM) is a debatable and predictive theory of individual choice under risk and uncertainty. It generalizes expected utility theory by positing the existence of two cognitive processes – the “rational” and the “emotional".

5 0
3 years ago
Isaac is looking for ways to offer new goods and services to his existing customers. he is pursuing a market development strateg
I am Lyosha [343]

False, this is a product development strategy.

A marketing development strategy finds <em>new </em>markets for <em>existing </em>products, which is the opposite of what Issac is doing.

7 0
3 years ago
bounded rationality is an idea in behavioral economics in which individuals are limited in their ability to make decisions. this
gayaneshka [121]

Bounded rationality simply means an idea that has to do with the fact that people are limited in their ability to make decisions.

You didn't provide the options. Therefore, an overview of the topic will be given. Bounded rationality means the way individuals make decisions that is different from perfect economic rationality.

An example of bounded rationality is when ordering at a restaurant and the customer makes suboptimal decisions because the customer was rushed by the waiter.

Learn more about rationality on:

brainly.com/question/2992155

7 0
3 years ago
Other questions:
  • In practice, economists: agree about what the level of potential output is but disagree about what policies are appropriate. dis
    12·1 answer
  • Gerald’s manufacturing firm sold goods worth $6,000 to some customers on credit in the month of January. His customers plan to p
    14·1 answer
  • Consider an economy that produces only two goods: fresh apricots and dried apricots. In this economy, the technology of producin
    12·1 answer
  • It’s important to note that sometimes private solutions to externalities do not work. For example, this occurs when an excessive
    14·1 answer
  • What is an appropriate budgeting question
    8·1 answer
  • Which provision of the purchase and sale agreement describes the circumstances under which the closing agent must withhold or no
    14·1 answer
  • 378+1024=1024+.......
    6·2 answers
  • In which of the following scenarios would enforcement of specific performance be appropriate? Multiple Choice Your bookstore agr
    10·1 answer
  • When a manufacturer seeks a market for by-products and accepts a price that covers more than the cost of storing and delivering
    12·1 answer
  • According to the chart, the three fastest growing career areas include
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!