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Flura [38]
4 years ago
14

You have just made your first $4,500 contribution to your individual retirement account. Assume you earn an annual return of 11.

45 percent and make no additional contributions.
a. What will your account be worth when you retire in 43 years?
b. What if you wait 10 years before contributing?
Business
1 answer:
shusha [124]4 years ago
5 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Investment= $4,500

Interest rate= 11.45%

For both options, we will use the following formula:

FV= PV*(1+i)^n

a. Number of years= 43

FV= 4,500*(1.1145^43)

FV= $476,053.37

b. Number of years= 33

FV= 4,500*(1.1145^33)

FV= $161,010.77

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Kipish [7]

Answer:

$145,000

Explanation:

Given that,

Operating Expenses = $ 45,000

Sales Returns and Allowances = 9,000

Sales Discounts = 6,000

Sales Revenue = 160,000

Cost of Goods Sold = 87,000

Net sales:

= Sales revenue - Sales Returns and Allowances - Sales Discounts

= $160,000 - $ 9,000 - $6,000

= $145,000

Therefore, the amount of net sales on the income statement would be $145,000.

6 0
3 years ago
You deposit $10,000 annually into a life insurance fund for the next 10 years, at which time you plan to retire. Instead of a lu
Oksi-84 [34.3K]

Answer:

The annuity is $ 7243,28

Explanation:

To calculate the following we can use a financial calculator.

We are making deposits of $10000 for 10 years. The interest rate is 8%

We need to work out the future value of the lumpsum in 10 years time.

n = 10 i = 8% pmt = 10000 COMP FV

FV = $ 144865,62

Now to calculate the annual annuity receivable we divide this amount by 20.

144865,62 / 20 = $ 7243,28

Thus the annual annuity you will receive over the 20 year period is $7243,28

8 0
4 years ago
a local partnership was in the process of liquidating and reported the following capital account balances: justice, capital (40%
bogdanovich [222]

Based on the capital account balances and the amount in the cash account, the amount that Zobart will receive is $15,467.

<h3>What will Zobart receive?</h3>

The amount that Zobart will receive can be found by the formula:

= (Deficit x percentage in partnership/ 75%) + Capital account balance

Solving for the amount going to Zobart gives:

= (14,000 x 35%/75%) + 22,000

= $15,467

In conclusion, the amount to Zobart is $15,467.

Find out more on capital distributions at brainly.com/question/22693552

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8 0
2 years ago
HELP ASAP!!!
sdas [7]

intrinsic value, because it is used to show the moral goodness in a person.

5 0
3 years ago
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A team's attempt to list, on individual sticky notes, all of the possible threats and opportunities that could occur to an upcom
lukranit [14]

Answer:

The correct answer is letter "A": plan risk responses.

Explanation:

Plan risk responses refer to the process in which a team is facing a problematic situation and to reduce threats reacts immediately identifying the opportunities available they have that could lead to a solution. To achieve that, risk management and register will be necessary.

6 0
4 years ago
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