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irga5000 [103]
3 years ago
13

You estimate that by the time you retire in 35 years, you will have accumulated savings of $2.9 million. a. If the interest rate

is 8.0% and you live 15 years after retirement, what annual level of expenditure will those savings support
Business
1 answer:
ivann1987 [24]3 years ago
3 0

Answer:

$338,805.68

Explanation:

The computation of the amount of annual level of expenditure is shown below

Here we use the PMT formula

Given that

NPER = 15

RATE = 8%

FV = $0

PV = $2,900,000

The formula is shown below:

= PMT(RATE, NPER,-PV,FV,TYPE)

The present value comes in negative

After applying the above formula, the amount of annual level of expenditure is $338,805.68

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The person who takes the risk of starting and managing a business to make a profit is called a(n):____.
Lelu [443]

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The four types of entrepreneurs:

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Conservative (very moderate use of resources, defending current resources)

Aggressive (proactive, all-in, actively seeks opportunity)

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An entrepreneur runs their very own company. They have whole freedom and duty -- for better or for worse. An entrapreneur is accountable for innovating within an current organization (usually a large one).

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3 0
2 years ago
When an expatriate came to work with Samuel's department, Samuel created a comfort zone for the expatriate by adopting the expat
AVprozaik [17]

Answer:

C) respecting cultural differences.

Explanation:

When an expatriate came to work with Samuel's department, Samuel created a comfort zone for the expatriate by adopting the expatriate's general posture and communication style without resorting to mockery. Samuel is respecting the cultural differences. Yes, it is very much true that Samuel is an effective and efficient manager and he knows how to treat employees well that's why instead of mockery and passing bad views on the expatriate's postures and communication style, he gave him respect by creating a comfort zone for him so he or she can feel comfortable and adjust in the new atmosphere quickly. Besides cultural differences, Samuel also understood workforce diversity and has acted quite well.

4 0
3 years ago
Read 2 more answers
Assuming a​ 1-year, money market account investment at 4.83 percent​ (APY), a 3.55​% inflation​ rate, a 25 percent marginal tax​
Anton [14]

Answer:

Explanation:

Rate of return = 4.83%

inflation rate =3.55 %

marginal tax bracket = 25 %

after tax rate of return = 4.83 ( 1 - .25 ) = 3.6225 %

after tax inflation rate = 3.55 (m 1 - .25 ) = 2.6625 %

real rate of return =  [ (1+3.6225% /1+ 2.6625%)  - 1 ] x 100

= .0093 x 100 = .93 %

Total monetary return =  30000 x 3.625 %

= 1087.5

Rate of return is more than rate of inflation , for short term perspective staying invested in money market investment is good option . Real rate of return is not negative at least .

4 0
4 years ago
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Klio2033 [76]

Answer:

b) the amount she paid to buy new parts

Explanation:

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The second hand car purchased by Sally has already been recognized in the GDP in the period it was first sold. To include the purchase cost again will amount to double counting.  Therefore, the expenses that will be included in GDP is the value that has been added, that is, the amount she paid to buy new parts. We do not recognize the value of self service in GDP,  therefore the 120 hours she spent refurbishing the car is not to be included.

7 0
4 years ago
What type of a goal is graduating from college in four years? (I forgot the attachment from last question)
Novosadov [1.4K]

Answer:

Long-term

Explanation:

8 0
3 years ago
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