Answer:
the amount that should be invested now is $476,654
Explanation:
The computation of the amount that should be invested now is shown below:
= Payment made each year × (1 - (1 + rate of interest)^-number of years) ÷ rate of interest
= $100,000 × [1 - (1 + 7%)^-6] ÷ 7%
= $476,654
hence, the amount that should be invested now is $476,654
Answer:
Dividend
First year = $2.544
Second year = $3.053
Third year = $3.48
Fourth year = $3.97
Fifth year = $4.53
Sixth year =$5.16
Explanation:
As dividend is the share of earning distributed to the stockholders. The stockholders expects a good return from the company against their interst in the company. Company make a dividend policy and calculates the growth of dividend accordingly.
Dividend Paid = $2.12
Company expected 20% growth in next two years so,
Dividend First year = $2.12 x 120% = $2.544
Dividend Second year = $2.544 x 120% = $3.053
Dividend of following three years will grow at 14%
Dividend Third year = $3.053 x 114% = $3.48
Dividend Fourth year = $3.48 x 114% = $3.97
Dividend Fifth year = $3.97 x 114% = $4.53
After this it will grow 8% indefinitely
Dividend Sixth year = $4.53 x 114% = $5.16
The logic behind saving for retirement is that the earlier one begins saving for retirement, the lesser amount they will have to save monthly. From the graph given, the answer to how much more you need to invest per month to have $1M at retirement is;
Assuming a 6% investment on return, the individual will have to save $360 monthly to have $1,000,000 at the retirement age of 67.
If he, however, waits till the age of 25 to begin saving, he will have to save $500 which is $140 more than he would have saved from the age of 20.
So, to save less per month, you need to start at an early age.
Learn more here:
brainly.com/question/5837034
Answer:
b.$39,200
Explanation:
Calculation to determine Paul's allowable itemized deductions for 2020
Using this formula
2020 itemized deductions=State income taxes+Real estate taxes+Gambling losses
Let plug in the formula
2020 itemized deductions=$13,500+$18,900+$6,800
2020 itemized deductions=$39,200
Therefore Paul's allowable itemized deductions for 2020 are $39,200
If an organizational manual exists, a description of the division of work and the position shown on the organization chart will be given in the manual or will be located on the company's intranet.
A) True
