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bija089 [108]
3 years ago
7

You plan to retire in year 21 Your retirement will last 25 years starting in year 21 You want to have $50,000 each year of your

retirement. How much would you have to invest each year, starting in one year, for 15 years , to exactly pay for your retirement ,if your investments earn 6.00% APR (compounded annually)? Calculate your answer to the nearest dollar. Write only the number with no dollar sign or comma (e.g., 3711)

Business
1 answer:
guajiro [1.7K]3 years ago
7 0

Answer:

$20,520

Explanation:

Please see the explanation and solution attached.

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Explanation:

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Explanation:

Hoped this helped :)

5 0
3 years ago
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How would define industry? What is the industry of a store that sells fishing poles
swat32

Answer:

An industry is <u>a group of companies that are related based on their primary business activitie</u><u>s.</u><u> </u>In modern economies, there are dozens of industry classifications. Industry classifications are typically grouped into larger categories called sectors.

fishhook, spinner, cork, gig, fishing pole, bobber, fizgig, landing net, fishing rod, fishgig, bobfloat, harpoon, lance, fishing line, reel, bob, gaff, spear.

Explanation:

<u>Hope </u><u>it </u><u>helps </u><u>you.</u>

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<u>-</u><u> </u><u>GumbbleBe3</u>

6 0
2 years ago
A cost that remains unchanged in total despite variations in volume of activity within a relevant range is a
4vir4ik [10]
A cost that remains unchanged in total despite variations in the volume of activity within a relevant range is a fixed cost. The fixed cost is a type of cost behavior which remains unchanged regardless of the unit or activity changes in a production process<span>. There are four types of cost behavior, which are the fixed cost, the variable cost, the mixed cost, and the step cost.</span>
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3 years ago
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