1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DedPeter [7]
3 years ago
14

You just won the lottery and after taxes you have $32,000. You want to have $1,000,000 by the time you are 65, which is 45 years

from now. Assuming that you can earn 9 percent each year on your money, how much (in dollars) of the $32,000 must you invest today
Business
1 answer:
kogti [31]3 years ago
5 0

Answer:

$20.692.24 must be invested

Explanation:

The amount to be invested today is the present value of $1,000,000 discounted at 9%.

PV  = FV× (1+r)^-n

<em>PV - present value , FV- Future value , r- rate of return, n- number of years</em>

FV =1,000,000, r- 9%, n- 45

PV = 1,000,000 × 1.09^(-45)

PV = 20,692.24

Present Value = $20.692.24

$20.692.24 must be invested out of the $32,000

You might be interested in
When Canada Dry first introduced Wink soda in the 1960s, it used the slogan, "Join the cola dropouts." The purpose of this adver
algol [13]

Answer:

The purpose of this advertising campaign was most likely to <u>get customers to try the new product</u><u>.</u>

Explanation:

Since Wink soda was a new product of Canada Dry, <u>it needed a catchy slogan to create awareness and invite customers to try out the product.</u>

The slogan "Join the cola dropouts", was one that told customers that <u>Wink soda was something different from cola, and should be given a try.</u>

5 0
3 years ago
A bank loan has been given to a customer at a bank with a FIXED nominal interest rate of 13%. The real
dmitriy555 [2]

Answer:

The new real interest rate is 15%

and the lender was hurt.

O 15%; lender

Explanation:

a) Data and Calculations:

Fixed nominal interest rate = 13%

Real interest rate for the bank's profit margin = 10%

Inflation rate = 3% (13% - 10%)

Unanticipated inflation rate = 7%

Nominal interest rate = 17% (10% + 7%)

But the bank could not increase its fixed nominal interest rate to match the nominal interest rate.

6 0
3 years ago
The main output of the ______ process is the stakeholder register.
liq [111]
Hello!
.
The answer to your questions is "identifying stakeholders".
.
The main output of the identifying stakeholders process is the stakeholder register.
:)
7 0
3 years ago
EAPs are designed to affirm all of the following except
Anton [14]

Answer:

c. monitored employees are better employees

Explanation:

EAP stands for employee assistance program. It basically creates a help for employees which are facing any kind of personal or professional problems in their life.

It is a self initiated program to help the employees, by providing guidance, solving grievances or by any other means.

It nowhere assures that the employees shall be continuously monitored, while they perform and that the employees shall be set free to work in the manner they desire, as long as the company is achieving the targets.

6 0
3 years ago
has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment $ 36,5
solmaris [256]

Answer:

16.89%

Explanation:

As per the given question the solution of simple rate of return for the investment is provided below:-

we need to first find out the accounting profit and depreciation

where

Accounting Profit = Annual Cash Inflow - Depreciation

and

Depreciation =  Investment required in equipment ÷ Life of investment

= $36,500 ÷ 15

= $2,433.33

now we will put the value by using the accounting profit formula.

= $8,600 - $2,433.33

= $6,166.67

So,

Simple Rate of Return = Accounting Profit ÷ Initial Investment

= $6,166.67 ÷ $36,500

= 16.89%

4 0
3 years ago
Other questions:
  • Clyde is a cash-method taxpayer who reports on a calendar-year basis. This year Paylate Corporation has decided to pay Clyde a y
    7·1 answer
  • Joe is a pizza delivery worker. the pizza shop he works for has a 30 minutes or less delivery guarantee or else the customer doe
    11·1 answer
  • The only difference between variable and absorption costing is the expensing of ________.A) direct manufacturing costs B) variab
    12·1 answer
  • You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a lo
    10·1 answer
  • A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do
    12·1 answer
  • The following information is available from the land account: Opening balance $270,000 Sold for $200,000 cash 170,000 credit ent
    14·1 answer
  • Insurance can help you: A.minimize monthly expenses B.financially protect against unexpected accidents C.reduce the chances of g
    10·2 answers
  • What does an exchange rate tell you?
    12·2 answers
  • Peter Metcalf founded Black Diamond which creates, produces, and sells outdoor equipment. This is an example of
    13·1 answer
  • What is the meaning of derecognition?​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!