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
ICE Princess25 [194]
3 years ago
5

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% per year, how much should Mr. Hopper put into his retirement fund at the end of each year in order to achieve this goal
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
3 0

Answer:

Annual deposit = $4100

Explanation:

Annual deposit = $4100

Number of years for retirement = 30 years

Future value of money = $1000000

Interest rate = 12%

Now use the below formula to find the annuity amount.

Annual deposit = Future value (A/F, r, n)

Annual deposit = 1000000 (A/F, 12%, 30)

Annual deposit = 1000000(0.0041)

Annual deposit = $4100

You might be interested in
Economies that arise from performing a value creation activity in the optimal place for that activity are referred to as: produc
Genrish500 [490]

Answer: location economies

Explanation:

location economies are economies which are birthed through performing a value creation activity in an optimal location for that activity wherever in the world it may be. It is used by firms to determine the competition in an environment when locating to do business

4 0
3 years ago
A learning organization is an organization that actively creates, acquires, and transfers knowledge within itself and is able to
Kipish [7]

Answer:

As it is said in the text, Learning Organizations are organization that enables people to build their knowledge and capacity.

Explanation:

A learning organization creates in people more value around their skills and motivates them. They are essential and the key to success. In order to build them there’s a huge need of having a training plan so people in it keep on studying and challenging theirselves. To track these trainings there must be an evaluation and monitoring plan so that we can be aware of the changes needed.

7 0
3 years ago
Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years af
Sergio [31]

$2,095.30 interest will she pay by the time the loan is repaid

Solution:

The $5,500 guaranteed Stafford loan is taken from Gertrude.

The loan has a monthly compounding interest rate of 6.8 percent.

Price current= $5,500.

Present Value = $5,500

Time period = 10 years

So , N = 10 x 12 = 120 months.

Interest rate, R = 6.8/1200 = 0.005666667

PV = Pmt * [1 - (1+R)^(-N)]/(R)

5500 = Pmt * [1 - (1+0.005666667)^(-120)]/(0.005666667)

Pmt = $63.29418157

She got full refund. = 63.29418157 x 120 = $7,595.30

Interest paid = Total repayment - Loan Principal

                      = $7,595.30 - $5,500

                      = $2,095.30

7 0
3 years ago
Pink Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for t
Kruka [31]

Answer:

$21,000

Explanation:

Preparation of income statement

Income statement of Pink Arrangements for the year ended December 31, 2018.

REVENUE:

Service Revenue 84,000

Less EXPENSE:

Insurance Expense (2,500)

Utilities Expense (1,500)

Rent Expense (12,000)

Salaries Expense (47,000)

NET INCOME 21,000

Therefore the Income statement of Pink Arrangements for the year ended December 31, 2018 will be shows the amount of $21,000

4 0
3 years ago
Who is responsible for responding to workflow(s) for equipment dispatch requests through the business workplace require An appro
Roman55 [17]

Answer:

Commander

Explanation:

GCSS-Army is short for Global Combat Support System-Army. The GCSS is a section of the United States Army that is fielded under the 11th Armored Cavalry Regiment. There are the GCSS Wave 1 and GCSS Wave 2. These two groups have different roles.

The role of the Commander falls under the Wave 2 functions where he is required to perform the roles of maintenance, dispatch, unit supply, and property book functions. The Wave 1 function is mostly about allowing access to support supply activity functions. The commanders in any organization they work with can screen several transactions and give approval for equipment dispatch.

7 0
3 years ago
Other questions:
  • The potential loss for a writer of a naked call option on a stock is Multiple Choice increasing when the stock price is decreasi
    14·1 answer
  • The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta
    6·1 answer
  • Suppose that a 1-year zero-coupon bond with face value $100 currently sells at $89.75, while a 2-year zero sells at $79.88. You
    15·1 answer
  • Problem 10-3 eastman publishing company is considering publishing an electronic textbook about spreadsheet applications for busi
    6·1 answer
  • Some nations have traditionally been in poverty from one generation to the next, relying on tradition rather than experimenting
    12·1 answer
  • A financial asset is liquid: Group of answer choices if it can be readily exchanged for another asset or good. if it is held by
    10·1 answer
  • What are two ways to begin setting up a recurring transaction in quick books online
    15·1 answer
  • Suppose the government decides that every family should own its own home. To bring this about, the government decides to subsidi
    15·1 answer
  • A shift in a ppc/ppf to the______________ illustrates growth which may be generated by better utilizing existing resources (impr
    13·1 answer
  • cash equivalents: multiple choice are readily convertible to a known cash amount. include investments due in twenty months. incl
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!