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3 years ago

what tax software program do you feel would be your best choice today and why do you think it is the best?

Business

1 answer:

Fynjy0 [20]3 years ago

6 0

Answer:

Turbotax

Explanation:

it's easy to use especially for first timers.

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ou are planning to save for retirement over the next 30 years. To do this, you will invest $890 per month in a stock account and

Romashka [77]

Answer:

Monthly withdraw= $23,294.99

Explanation:

Giving the following information:

Stock:

Monthly deposit= $890

Number of periods= 30*12= 360

Interest rate= 0.109 / 12= 0.0091

Bond:

Monthly deposit= $490

Number of periods= 30*12= 360

Interest rate= 0.069 / 12= 0.00575

First, we need to calculate the amount of money collected at the moment of retirement. We need to use the following formula on each investment:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Stock:

FV= {890*[(1.0091^360) - 1]} / 0.0091

FV= $2,452,918.1

Bond:

FV= {490*[(1.00575^360) - 1]} / 0.00575

FV= $586,123.47

Total FV= 2,452,918.1 + 586,123.47

Total FV= $3,039,041.57

Now, the monthly withdrawal for 25 years:

Number of periods= 25*12= 300

Interest rate= 0.079 / 12= 0.0066

Monthly withdraw= (FV*i) / [1 - (1+i)^(-n)]

Monthly withdraw= (3,039,041.57*0.0066) / [1 - (1.0066^-300)]

Monthly withdraw= $23,294.99

7 0

3 years ago

A perfectly inelastic supply curve means that … a) a shift in demand will cause the quantity supplied to increase to infinity. b

Jet001 [13]

Answer: A perfectly inelastic supply curve means that the quantity supplied is completely fixed.

Perfectly inelastic supply states that supply is completely fixed. Therefore it is not affected by the change in price level.

Therefore, the correct option in this case is (e)

5 0

3 years ago

What can be done when parties are faced with moral differences that seem to be intolerable?

nirvana33 [79]

They can go to a well known reputable counsellor and both present their points of view and their reasoning and discuss it with the counsellor who should be able to delve into the reasoning for their moral positions and perhaps find common ground for the two positions or point out inconsistencies in the arguments of one to increase understanding of the other parties's position and arrive at a mutually beneficial result.

4 0

3 years ago

Suppose the interest on a foreign government bonds is 7.5%, and the current exchange rate is 28 foreign currencies per dollar. I

alexandr1967 [171]

Answer:

implied credit spread = 1.13 %

Explanation:

given data

interest on foreign government bonds = 7.5%

current exchange rate = 28

forward exchange rate = 28.5

risk-free rate = 4.5%

solution

we get here risk free rate by the forward exchange rate that is

F = spot exchange rate × \frac{1+Rr}{1+Rs} ....................1

put here value

28.5 = 28 × \frac{1+Rr}{1+0.045}

solve it we get

Rr = 0.0637

Rr = 6.37%

implied credit spread = interest on foreign government bonds - risk free rate

implied credit spread = 7.5% - 6.37%

implied credit spread = 1.13 %

4 0

3 years ago

The epa is planning to stiffen the requirements for cleaning pollutants from the stacks of? coal-fired electricity generating? p

IgorLugansk [536]

With respect to organizational change, this would also represent a change in the type of waste machines that are used in the Industry. Since the EPA is targeting a 30% reduction of waste generated by coal-fired powerplants, the manufacturing industries are now required to adapt the new method that is establish to minimize carbon footprint.

8 0

3 years ago

what tax software program do you feel would be your best choice today and why do you think it is the best? ​

what tax software program do you feel would be your best choice today and why do you think it is the best?