In 2017, $26,000 was the maximum amount of money most employees throughout the united states could invest in either a 401(k) or 403(b).
401(k) plans may exclude workers who work less than 1,000 hours per year. This equates to approximately 19 hours per week for one year of employment. GAO found that 20 of the 80 plans it surveyed required an employee to work certain hours to participate in her 401(k) plan.
A defined contribution (DC) plan is a retirement plan, usually tax-advantaged, like his 401(k) or his 403(b), in which an employee contributes a fixed amount or percentage of salary. Pay into an account intended for funding purposes—their retirement benefits.
Learn more about employees at
brainly.com/question/1190099
#SPJ4
Since the problem assumes annual compounding, then the
relationship of forward rate and spot rates is given in the equation:
f1,2 = ((s2^2 / s1) - 1)
Therefore,
f1,2 = ((1.069^2 / 1.063) - 1)
f1,2 = 0.075 = 7.5%
Forward rate is 7.5%.
Answer:
The correct answer is: more than.
Explanation:
Economic profits calculation includes both implict and explicit costs. While implicit costs is not included in calculating accounting profits.
Since calculating accounting profits, the opportunity cost of capital is not included as a cost, that is why accounting profits is often higher than economic profits.
Accounting profits overstate profits.
Answer: 17.5%
Explanation:
The equilibrium will occur where the money demanded equals to the money supplied i.e Ms = Md
From the question, the supply of currency by the Central Bank = 40
Money Supply (Ms) = m × B
where m = Money multiplier = 2.5
Note that the money multiplier can also be equal to 1/rr in situations wherebt the consumers do not hold any currency.
rr = reserve ratio, = 0.4
B = monetary base = 40
Note that the monetary base here is 40.
Since reserve ratio = 0.4, therefore
m = 1/0.4 = 2.5
Therefore, Ms = m × B
= 2.5 × 40
= 100
Thus Money supply Ms = 100.
Money demand(Md) = Y(0.3 - i),
Y = income = 800
i = interest rate
Since (Md) = Y(0.3 - i),
Md = 800(0.3 - i)
Equate the equation for the money demand and money supply together.
Ms = Md
100 = 800(0.3 - i)
100 = 240 - 800i
800i = 240 - 100
800i = 140
i = 140/800
i= 0.175
= 17.5%
Therefore, the interest rate is 17.5%
Answer:
$750
Explanation:
Since we are not given any interest rate, we have to assume that Maryanne will not earn any interest from her savings.
She expects to retire in 30 years and after that expects to live 10 more years. Then she is going to earn money for the 75% of her remaining life. For every $1,000 earned, she needs to save?
$1,000 x 30 = 40X
$30,000 = 40X
X = $30,000 / 40 = 750
