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Fed [463]
3 years ago
9

Your parents will retire in 19 years. They currently have $300,000, and they think they will need $1 million at retirement. What

annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Do not round intermediate calculations. Round your answer to two decimal places.
Business
1 answer:
Svetlanka [38]3 years ago
3 0

Answer:

rate = 6.54%

Explanation:

we need to find the rate at which a capital of 300,000 becomes 1,000,000 in a period of time of 19 years.

<u>So we build the following equation:</u>

300,000 (1+r)^{19} =1,000,000

(1+r)^{19} =1,000,000 \div 300,000

r=\sqrt[19]{1,000,000 \div 300,000}-1

rate = 0.065417765 = 6.54% after rounding

This will be the rate my parent will require to generate 1,000,000 in 19 years with their current savings of 300,000.

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. Which of the following is not a characteristic of the market system?
salantis [7]

Answer:

C. Government ownership of the major industries.

Explanation:

The government owning the major industries is not a characteristics of market system. The government plays a limited role instead. Government role is to ensure that the markets are open and working. It ensures equal access to information by making sure no one manipulates the markets.

Other characteristics of market system not mentioned in the question are

1. System of market and prices

2. Motive of self interest.

3 0
3 years ago
Gibson Valves produces cast bronze valves on an assembly line, currently producing 1600 valves per shift. If the production is i
s344n2d4d5 [400]

Answer:

The correct answer is c. 25%.

Explanation:

If the production is increased to 2000 valves per shift, labor productivity will increase by 25%.

To calculate it we will divide new production level with current production level. Detail calculation is given below.

% increase = (2000/1600) -1 =  25 %

5 0
4 years ago
Successful companies try to maintain a positive relationship in the community in which they do business. In the textbook, Colang
Marizza181 [45]

Answer:

socially responsible: lego

socially irresponsible: volkswagen

mine: a big person in charge.

Explanation:

When talking about socially responsible companies you can mention lego, since they keep gaining loyalty through their efforts to reduce their carbon emissions and help those in need. You have also google and apple as good examples.

A scandal with a socially irresponsible company is what happened to volskwagen, according to forbes magazine, they made huge profits compared to their competitors by poisoning the planet.

In any case, if you have a small or big company, you need a socially responsible ASSET, a person who you can trust to be sure that you are being socially responsible in every part of your business.

Good luck.

6 0
3 years ago
Hannah, a computer engineer at Imagework Inc., observes that a few computers in her office need an upgrade as they seem to have
Dvinal [7]

Answer:

Option A ( Initiator) is correct

Explanation:

Initiator is the purchasing role that Hannah is playing in this case. As she identified the need to buy a particular product i.e computers to solve the problem of the organization.

7 0
4 years ago
The method that calculates the number of years needed for the proposed capital acquisition to repay its original cost out of fut
elixir [45]
I think payback method
5 0
3 years ago
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