Answer:
Annual payment= $57,928
Explanation:
Giving the following information:
Allison and Nick anticipate they will require an annual income of $50,000 when they retire 15 years from now.
They expect to receive Social Security benefits of $20,000 per year at that time. In calculating their retirement savings need, the couple is assuming a 3% annual rate of inflation, an 8% return on investments, and a 25-year retirement period.
First, we need to calculate how much money they need on retirement:
25 years * 50000= $1,250,000
i=8%-3%= 5%
To calculate the annual payment we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,250,000*0.05)/[(1.05^15)-1]= $57,928
Answer:As a person engaged in the image business, the impression you project consists of your outward apperance the conduct you exhibt in the workplace is known as
Explanation:j
Answer:
app stores
Explanation:
An App Store refers to the digital storefront designed to enable the check and study of digitally offered software titles or other media for sale. Analytically, the storefront application itself offers a safe, standardized experience that simplifies the acquisition, decoding, and configuration of software packages or any other electronic media.
Usually, app stores arrange the applications they sell on the basis of: the function(s) offered by the app (including gaming, graphics or productivity), the platform the app was built for and the operating system upon which app will be working.
Your credit and how well you manage it is something that will stick with you for life. If you start establishing bad credit by taking out lots of loans or missing payments, you will hurt your credit and have a harder time buying a car or house in the future.
It is also important to shop around for credit to make sure you get a good deal. Some sources of credit have higher rates and tons of fees while some have 0% APR for a short time and no fees, or offer points on purchases.
Whether you are shopping for goods, services, or credit it is important to consider all the factors and make a smart informed decision.