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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

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Eastern electric currently pays a dividend of about $1.64 per share and sells for $27 a share.
EastWind [94]

Answer:

The investors should expect to 9.26% of Return.

Explanation:

The Dividend Discount Model for Constant Growth should be used here.

DDM = Current Price = Dividend of Year 1 / (Required Return - Growth Rate)

Dividend of Year 1 = 1.64 (1.03) = 1.6892.

Re-arrange the above model for Required Return and put values:

Required Return = (1.6892 / 27) + .03 = .0926 OR 9.26%.

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In the context of a job advertisement, what does 'self-starting' mean?​
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A self-starter is a person who is motivated to set and achieve goals and takes initiative within the workplace. Self-starters are especially important in the workplace and highly sought after by employers because they can get their job done with supervision and work through issues and perform tasks on their own.

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What role does organizing play as a function of management?
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3 years ago
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What is a discretionary meaning?.
Fantom [35]

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8 0
1 year ago
uses the weighted-average method in its process costing system. In their first processing department, the company worked on 1,05
zzz [600]

Answer:

The % of completion of the ending inventory in work-in-process with respect to conversion cost is: 40%.

Explanation:

<em>First Calculate the Physical units in Ending Work in Process Inventory.</em>

Physical units in Ending Work in Process Inventory = Beginning Work in Process inventory + Started Units - Units Completed and transferred out

Thus, Ending Work in Process Inventory = 230 +  1,345 - 700

                                                                   = 875

<em>Then, Calculate the Equivalent Units of Ending Work in Process Inventory.</em>

Total equivalent units of production - conversion costs 1,050

Less Units Completed and transferred out                       (700)

Equivalent Units of Ending Work in Process Inventory     350

<em>Finally Calculate the % of completion of the ending inventory in work-in-process with respect to conversion cost</em>

The % of completion = Equivalent units of Ending Work in Process Inventory/ Physical units in Ending Work in Process Inventory × 100

                                  = 350 / 875 × 100

                                  = 40%

3 0
3 years ago
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