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MrRissso [65]
3 years ago
10

I can only put away $2,000 a year toward retirement. I am 25 and plan on retiring at 65 and earning 5%. How much will I have at

retirement?
Business
1 answer:
Scorpion4ik [409]3 years ago
3 0

Answer: $241,600

Explanation:

As this amount is a constant amount, it is an annuity. To find out the total amount after a certain period of time, use the future value of annuity formula.

Future value of annuity = Amount * [ {( 1 + rate) ^number of periods - 1} / rate]

Number of periods = 65 - 25 = 40

Future value of annuity = 2,000 * [ {(1 + 5%)⁴⁰ - 1} / 5%]

= 241,599.54

= $241,600

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To supplement her income, Jeanne Lester decided to start her own bookkeeping business while still working as an office assistant
Triss [41]

Answer:

Yes  

Explanation:

Misappropriation of assets includes actions like stealing a company's assets or borrowing them for personal use. In this case, Jeanne didn't steal any of the company's assets and even paid for her office supplies, but she is borrowing the company's phone, computer and printer. In a strict manner, we can say that she misappropriated the assets even though they were not harmed and remain completely operational.  

7 0
3 years ago
So you them the answer you submit must be the d operators; they are pald $8. 10 an hour each and work 40 hours a week and 52 wee
Crank

The net present value for all favor keeping the canon copiers $6580

<h3>What is net present value?</h3>

The net present value, also known as net present worth, is applied to a series of cash flows that occur at different dates. The present value of a cash flow is determined by the time elapsed between now and the cash flow. It is also affected by the discount rate. The temporal value of money is accounted for by NPV.

The term net present value (NPV) refers to the current total value of a future stream of payments. If the net present value (NPV) of a project or investment is positive, it signifies that the discounted present value of all future cash flows associated to that project or investment will be positive, and hence appealing.

To know more about net present value follow the link:

brainly.com/question/17185385

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3 0
1 year ago
Bree's Tennis Supply's market-to-book ratio is currently 9.4 times and PE ratio is 20 times. If Bree's Tennis Supply's common st
Marina86 [1]

Answer:

The book value per share and earnings per share is $2.1809 and $1.025 respectively.

Explanation:

For computing the book value per share, we have to used the market to book ratio formula which is shown below:

Market to book ratio = Market price per share ÷ book value per share

9.4 times = $20.50 ÷ book value per share

So, book value per share = $20.50 ÷ 9.4 times

                                          = $2.1809

Now, the earning per share is calculated by using a PE ratio which is displayed below:

PE ratio = Share price ÷ Earning per share

20 times = $20.50 ÷ Earning per share

So, earning per share = $20.50 ÷ 20 times

                                     = $1.025

Hence, the book value per share and earnings per share is $2.1809 and $1.025 respectively.

6 0
3 years ago
David purchases a yacht solely for the purpose of entertaining real estate clients. He wishes to position himself as a high-end
inysia [295]

Answer:

The tax deductions for the year are as follows:

Depreciation                             $28000

Catering expenses (50%)          $4500

Total deductions                        $32500

Explanation:

Depreciation is deductible in full as it is an operating expense for the year 2018.

Catering expenses deduction is limited to 50% maximum ,while the remaining 50% is not an allowable deduction for tax purposes.

6 0
3 years ago
Suppose the marginal product of labor is 8 and the marginal product of capital is 2. if the wage rate is $4 and the price of cap
Savatey [412]
If the product is $8 dollors and the capital is $2 then wage rate should be $3 dollars.
 
3 0
3 years ago
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