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
List four things a personal essay should not include
Assoli18 [71]

Quotations, Random Lists, Over-used clichés, Limit your use of the word “passion”, And Stilted vocabulary.

5 0
3 years ago
Defend or critique the following statement, using supporting evidence: “Getting to work early on your first day at a new job is
frez [133]

Answer:

Dressing well, being prepared, having a positive attitude, arriving early for work and asking good questions.

Explanation:

5 0
3 years ago
Debbie, a popular wedding photographer, is able to photograph a wedding every Saturday of the year. She charges couples $4,000 f
rosijanka [135]

Answer:

c. $1,800

Explanation:

Economic cost calculates what is gained or lost when a particular activity is chosen over another activity.

It incorporates the opportunity cost of taking a particular activity into its calculation of cost.

The economic cost of Debbie taking the picture of her niece is :

$4000 - $2200 = $1800

I hope my answer helps you

6 0
3 years ago
If the MPC = .80, all taxes are lump-sum taxes, and the equilibrium GDP is $40 billion below the full-employment GDP, the size o
Sav [38]

Answer:

recessionary gap = 8 billion

so correct option is c) $8 billion

Explanation:

given data

MPC = 0.80

GDP = $40 billion

to find out

the size of the recessionary gap

solution

we get here first Multiplier  that is

Multiplier  = \frac{1}{1-MPC}     ..................1

Multiplier  = \frac{1}{1-0.80}

Multiplier  = 5

so recessionary gap will be

recessionary gap = \frac{GDP}{5}     ................2

recessionary gap = \frac{40}{5}

recessionary gap = 8 billion

so correct option is c) $8 billion

5 0
3 years ago
A management dilemma defines the research question. Group startsTrue or FalseTrue, selectedFalse, unselected
OlgaM077 [116]

Answer:

<u>False</u>

Explanation:

It is <em>not </em>always the case that a management dilemma results in the research question. However, a research question might be defined by an identified need for improvement.

5 0
3 years ago
Other questions:
  • For your business to be successful you will need a strategy for beating the competition, that is, a ________.
    12·1 answer
  • Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in th
    12·2 answers
  • You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery
    14·2 answers
  • Assume that the corporate tax rate is 34% and the personal tax rate is 30%. The founders of a newly formed business are debating
    5·1 answer
  • Effective leaders set a direction and develop an organization so that it is committed to excellence and ___________ behavior.
    5·1 answer
  • The accounts that appear on the post-closing trial balance are
    12·1 answer
  • Which of the following caused readership of The Boston Globe to plummet?
    6·1 answer
  • XYZ Company bought real estate properties in Boston 50 years ago for $30,000. In 2020, a real estate appraiser inspects the prop
    14·1 answer
  • Hlo anyone there to talk with me ​
    11·1 answer
  • Your first job is to settle the dispute between the owners. To settle the dispute, you need to ensure that both owners understan
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!