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
Ivahew [28]
3 years ago
7

Your parents will retire in 14 years. They currently have $290,000, and they think they will need $1 million at retirement. What

annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Do not round intermediate calculations. Round your answer to two decimal places.
Business
1 answer:
SVETLANKA909090 [29]3 years ago
4 0

Answer:

<h2><em>9.24%</em></h2>

Explanation:

This problem is easily solved through a financial calculator.

Just plug into your calculator N=14 PV=290,000 FV= -1,000,000 i=??

You're welcome!  Give me brainliest homie!!

#JmackTheInstructor

You might be interested in
bryan's company wanted to gain a greater market share on its bicycle products so it built in greater functionality to the bikes
Anarel [89]

Option (b) is the best choice. The part of value creation that Bryan's business is focused on is value.

<h3>What exactly does value creation entail?</h3>

Value creation is the process of transforming effort and resources into something that satisfies the needs of others. That includes things like people constructing something in a factory, farmers cultivating crops, and other intangible assets like computer code and original ideas.

<h3>What is the secret of value creation?</h3>

Without a grasp of the potential consumer and their business, value creation is impossible. Before engaging in prolonged conversation with a lead, salespeople should spend a significant amount of time investigating the lead.

Learn more about value creation: brainly.com/question/20741982

#SPJ4

5 0
1 year ago
the factor which determines whether or not goods should be included in a physical count of inventory is
quester [9]
Answer is : legal title


The factor which determines whether or not goods should be included in a physical count of inventory is:

a. legal title.
b. whether or not the purchase price has been paid.
c. management's judgment.
d. physical possession.


a. legal title
7 0
2 years ago
Public saving is negative when:A. there is a government budget surplus.B. there is a government budget deficit.C. the government
m_a_m_a [10]

Answer: Option (B) is correct.

Explanation:

Public saving refers to the tax revenue amount that a government left with after paying for its expenditure or spending.

Public saving = Tax revenue - Spending

Private saving refers to the after tax income of the individuals after paying for their consumption and taxes.

Suppose there is a government budget deficit, in this situation government's expenditure is greater than government's receipts. This means that tax revenue is not enough to pay out its expenditure.

Therefore, this will lead to negative public savings.

3 0
3 years ago
In 2019, Joshua gave $13,400 worth of Microsoft stock to his son. In 2020, the Microsoft shares were worth $27,000. What was the
baherus [9]

Based on the information given the gift tax in 2019 is $0.

Gift tax are tax that is imposed by the federal government on taxpayer for giving out gift.

The gift tax for 2019 is $15,000 annually which means that any taxpayer that gift someone else gift either as cash or property that is not above $15,000 will not be taxed or will not incurred any gift tax.

On the other hand any taxpayer that give out gift that is above $15,000 will  be taxed which means that the giver will have to file a tax return reason being that the gift is above the recommend yearly gift tax exclusion amount of $15,000.

Based on the given scenario the amount Joshua gave his son which is $13,400 is not above the yearly gift tax of $15,000 which means that Joshua will not  file a gift tax return.

Inconclusion the gift tax in 2019 is $0.

Learn more about gift tax here:brainly.com/question/7215286

7 0
3 years ago
A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 7 percent. Thi
Mrrafil [7]

Answer:

a. 9%

b. Yes, the firm earning an economic profit of 2%

c. Yes, Industry will see entry or exits

d. Rate of return of economy = 7%

Explanation:

a. Percentage rate of return = Earning ÷ Investment by founders × 100

= $18 ÷ $200 × 100

= 9%

b. Company rate of profit - Rate of profit of economy

= 9% - 7%

= 2% > 0

Yes, the firm earning an economic profit of 2%

c. Yes, Industry will see entry or exits because industry is competitive in nature and would to like to compete to others by satisfying the consumers . In perfect competitive markets there will be no entry or exits and critical characteristics reason companies are free for entry and exit for marginal profits.

d. Industry is competitive , there will be supplier to serve the market and its hard to decide the price of the product.

Hence, the rate of return long run equilibrium earned by firm = Rate of return of economy = 7%

4 0
3 years ago
Other questions:
  • The video mentions the loss of U.S. manufacturing jobs to overseas locations. What is this called? What is the opposite trend th
    14·1 answer
  • Plush Corporation purchased 100 percent of Common Corporation’s common stock on January 1, 20X3, and paid $450,000. The fair val
    11·1 answer
  • Both Phoebe and Connor are trying to maximize their lifetime income. Each has a different plan on how to do it best.
    7·2 answers
  • Denise is planning to open a new gym, and she wants to be sure that her employees can move to any open position and do well. Wha
    8·1 answer
  • Companywide objectives set by the strategic-planning group are more likely to be achieved than those set just by the ceo. (point
    15·1 answer
  • Select the correct answer.
    12·1 answer
  • Assume that Luxland and Leanderland specialize and trade in a way that is advantageous for bothof them. Explain what will happen
    7·1 answer
  • Real and nominal income is calculated respectively at----
    14·1 answer
  • Who is European's best skilled <br> attendants
    8·1 answer
  • For a branded house strategy, the following is often essential: A. Increased shelf presence in retail store B. One product that
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!