Answer:
It will need $ 107,120.321 dolalr per year to achieve his retirement goal
Explanation:
We first must calcualte the prsent value of the 25 payments with equal worth of 60,000 dollar of today.
First we move the 60,000 forward 10 years
Principal 60,000.00
time 10.00
rate 0.05000
Amount 97,733.68
Now, we calculate the present value of an annuity considering this 5% inflation
g 0.05
r 0.08
C 97,734
n 25
$ 1,778,492.341
Then, decrease this by the amounnt already saved by our father:
Principal 105,000.00
time 10.00
rate 0.08000
Amount 226,687.12
Additional saving needed:
1,778.492-34 - 226,687.12 = 1.551.805,22
Now, we solve the annual saving to achieve this future value:
PV 1,551,805.22
time 10
rate 0.08
C $ 107,120.321
Answer:
Economists use gross national product to measure <em>total production and total </em><em>income</em><em>.</em><em> </em>
<em>hope</em><em> </em><em>it</em><em> </em><em>helps</em><em>!</em><em> </em>
Answer:
The region of space surrounding a body in which another body experiences a force of gravitational attraction.
Please mark as brainlist.
Answer:
introduction stage
Explanation:
it's making me have 20 characters so it's just introduction stage to introduce a new product
Answer: Managerial Accounting or Management Accounting.
Managerial Accounting helps managers to use the data in the financial statements in order to take decisions. These decisions help them in managing the company's operations and aid in keeping control of matters under their purview.
Managerial Accounting includes any topics from cost accounting. It helps managers to make internal plans, execute them and also see if the plans have been accurate.
