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DerKrebs [107]
2 years ago
11

Todd has accumulated assets of $550,000 that he wishes to dedicate to his retirement. Inflation is anticipated to average 2% ove

r the next 20 years. He plans on retiring in 15 years. What would be the value of his fund at retirement if Todd can average a 5% after-tax rate of return on his accumulated assets? (Round to the nearest dollar)
Business
1 answer:
Mama L [17]2 years ago
8 0

Answer:

Explanation:

Present Value (P) =550,000

Future Value (S) = ?

Interest rate (i)=5%

Period (n)=15years

S=P(1+i)^n

S=550,000(1+.05)^15

S=1,143,410

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Maksim231197 [3]

Answer:

A

Explanation:

Leasing a house is the other name for renting a house which is preferably far more better for a person or a family who is planning to live there for a short period of time. A lessor is a person who gives his property on rent to the lessee.  It is a way through which the person taking the house on rent is relieved from incurring cost on the repairs if required as the responsibility solely belongs to the owner of the house that is the lessor. People prefering leasing over buying a property is always ready to bear the increase in the costs of rent which is far more lesser than spending money or saving money for the down payment for buying a house. Moreover the person leasing the house only gets the ownership of the house under a contractual basis where they dont have the right to sell the property taken on lease.

8 0
3 years ago
You decide to incorporate your bracelet business and get your mother and brother involved in the corporation. Your executive com
Alex_Xolod [135]

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3 years ago
The employment process is carried out by which department?
Studentka2010 [4]

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5 0
2 years ago
The following cost data pertain to the operations of Montgomery Department Stores, Inc., for the month of July. Corporate legal
deff fn [24]

Answer:

1.$134,000

2.$183,800

3.$124,050

Explanation:

1. Computation for the total amount of the costs that are direct costs of the Apparel Department

Apparel Department cost of sales - Evendale store $116,100

Apparel Department sales commission-Evendale store $7,950

Apparel Department manager's salary-Evendale store $9,950

Total direct costs for the Apparel Department

$134,000

2. Computation for the total amount of the costs that are direct costs of the Evendale Store

Apparel Department cost of sales - Evendale store $116,100

Store managers salary - Evendale store $18,300

Apparel Department sales commission-Evendale store $7,950

Store utilities - Evendale store $17,800

Janitorial costs - Evendale store $13,700

Apparel Department manager's salary-Evendale store $9,950

Total direct cost for the Evendale store $183,800

3. Computation for the total amount of the Apparel Department's direct costs that are variable costs with respect to total departmental sales

Apparel Department cost of sales - Evendale store $116,100

Apparel Department sales commission-Evendale store $7,950

Total variable cost-Apparel department $124,050

6 0
2 years ago
Ben bought a desk for $249.99. the sales tax rate was 6.25%. how much did ben pay for the desk? round your answer to the nearest
Lemur [1.5K]
Ben paid the value of the item + sales tax 
Sales tax = 6.25% of worth of item.  
Sales tax = (6.25/100) * 249.99 = $15.62. 
Hence Ben paid $249.99 + $15.62 = $265.61 
To the nearest cent he paid $265.60
3 0
3 years ago
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