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
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

You might be interested in
Charlie was standing outside his classroom talking on the phone when a friend heard him say, "Thank you for taking my call so qu
Anettt [7]

Answer:

d. purchase decision

Explanation:

Purchase decision -

It is the fourth step of the  consumer purchase decision process , in this very step , the final purchase is made  .

It is one of the very critical stage of the decision - making process  .

As the consumer was well determined about the product , whether he or she need to buy the product in the very previous step , even in this any external factor can alter the decision of buying the product of not , like any negative feedback .

Hence, from the given scenario of the question,

The correct option is d. purchase decision .

3 0
2 years ago
Find the partial derivative of f(x, y) =x2y+sin x+cos y
Viefleur [7K]

Answer:

<h2 /><h2><em>#</em><em>C</em><em>a</em><em>r</em><em>r</em><em>y</em><em>O</em><em>n</em><em>L</em><em>e</em><em>a</em><em>r</em><em>n</em><em>i</em><em>n</em><em>g</em></h2>

<em>H</em><em>o</em><em>p</em><em>e</em><em> </em><em>i</em><em>t</em><em> </em><em>h</em><em>e</em><em>l</em><em>p</em><em>s</em>

3 0
2 years ago
A law firm received $2,500 cash from a client for legal services to be rendered in the future. The full amount was credited to t
Savatey [412]

Answer:

D.

Revenues to be understated

Explanation:

Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.

5 0
3 years ago
Prior to setting pricing options for its products to maximize profit, a company must: a. determine whether it should use horizon
Free_Kalibri [48]

Answer: b. select appropriate corporate-level strategies

Explanation:

Prior to setting pricing options for its products to maximize profit, a company must select appropriate corporate-level strategies.

This is necessary in order to ensure that the strategies aligns with what the organization is willing to do in order to achieve its profit maximization goal.

7 0
3 years ago
Garcia Wholesale Plumbing has seen its sales in the Southeast triple in the past two years. Materials handling director Barb Pet
jok3333 [9.3K]
I would say option D
5 0
2 years ago
Other questions:
  • A walking path at a local park is modeled on the grid below where the length of each grid square is 10 feet. The town needs to s
    8·1 answer
  • A shocking fact: 66% of all teenagers have a tv set in their room. if an opinion poll chooses an srs of 1000 teens and asks if t
    5·1 answer
  • Jones Company applies overhead based on direct labor hours. At beginning of the year, Jones estimates overhead to be $480,000, m
    7·2 answers
  • Which of the following can be classified as organizations:
    5·2 answers
  • Exercise 14-08 On January 1, 2020, Sandhill Corporation had retained earnings of $539,000. During the year, Sandhill had the fol
    8·1 answer
  • Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:
    13·1 answer
  • choose a well-known company that you are familiar with, and write a customer profile survey that company could give its customer
    14·1 answer
  • Last year the Perfection Logistics Company delivered a total of 3.1 million packages, during which they damaged 45,000 deliverie
    14·1 answer
  • . Who can ride as a passenger if a personal vehicle driven to conduct Southwest Key business?
    10·1 answer
  • a home that was purchased for $440,000 with a $320,000 loan is now worth $530,000. the current loan balance is $280,000. what is
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!