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Molodets [167]
3 years ago
11

Mr. Hopper expects to retire in 30 years, and he wishes to accumulate $1,000,000 in his retirement fund by that time. If the int

erest rate is 12 percent per year, how much should Mr. Hopper put into his retirement fund at the end of each year in order to achieve this goal? a) $8,287.32 b) $12,483.17 c) $4,143.66 d) $4,000.00
Business
1 answer:
larisa86 [58]3 years ago
7 0

Answer:

Annual payment = $4,143.66 (Approx)

Explanation:

Given:

P = $1,000,000

r = 12% = 0.12

n = 30

Find:

Annual payment

Computation:

Annual\ payment=P[\frac{(1+r)^n-1}{r} ] \\\\Annual\ payment=1,000,000[\frac{(1+0.12)^{30}-1}{0.12} ] \\\\ Annual\ payment=4143.66

Annual payment = $4,143.66 (Approx)

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Which of the following core societal values dimensions captures distinctions existing in societies based on mannerisms typically
irga5000 [103]

Answer:

<em>OPTION(B) is correct.</em>

Explanation:

In a society CSV dimensions captures distinctions, <em>based on characteristics </em>that pursue<em> to control and handle a community, organization or a small group of people</em> is generally known as "Power distance."

This is a type of distance which is been differentiated into two types of power distances, the <em>first one</em> is high power distance and the <em>second one</em> is low power distance.

5 0
3 years ago
What is the present value of a perpetual stream of cash flows that pays ​$8 comma 0008,000 at the end of year one and the annual
andre [41]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Cash flows= $8,000

Grow at a rate of 4​% per year​ indefinitely.

We need to find the present value using the following formula:

Present Value= periodic payment/ (i - g)

i= interest rate

g= growth rate

A) Interest rate= 15%

PV= 8,000/ (0.15 - 0.04)= $72,727.27

B) i= 13%

PV= 8,000/ (0.13 - 0.04)= $88,889

8 0
3 years ago
Tool Makers, Inc. make garden rakes extremely well and of the best quality in the industry. Their rakes are difficult to copy, a
Naddik [55]

Answer:

competitive advantage.

Explanation:

Competitive advantage -

It refers to the strategy , by which a company is capable to generate the same or similar goods and services , in avery lower price or in a manner , which can not be copied by anyone , is referred to as a competitive advantage .

The strategy makes the company profitable and better than other companies , and have a upper hand over other companies .

And these companies give a tough competition to the other companies , by their goods and services .

Hence , from the given scenario of the question ,

The correct term is competitive advantage .

5 0
4 years ago
Hot dog vendors on the beach fail to cooperate with one another on the quantity of hot dogs they should sell to earn monopoly pr
Verizon [17]

Answer: A consequence of their failure is that, relative to the outcome the vendors would like,

<em><u>(i) the quantity of hot dogs supplied is closer to the socially optimal level.  </u></em>

<em><u>(ii) the price of hot dogs is closer to marginal cost. </u></em>

In this case the hot vendor are relatively creating externalities. i.e. Hot dog vendors on the beach fail to cooperate with one another on the quantity of hot dogs they should sell to earn monopoly profits.

3 0
3 years ago
On January 1, 2021, Legion Company sold $290,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December
stira [4]

Answer:

the bond interest expense for the six months ended June 30, 2021, in the amount of $10,8864

Explanation:

The computation of the interest expense is shown below

= Carrying Value of Bond × Effective interest rate

= $217,719 × 10% yield interest × 6 months ÷ 12 months

= $10,886

Hence, the bond interest expense for the six months ended June 30, 2021, in the amount of $10,8864

Therefore the second option is correct

6 0
3 years ago
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