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
vagabundo [1.1K]
3 years ago
11

Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she will need to have $4,00

0,000 in her retirement savings account in order to live comfortably. Mary currently has no retirement savings, and her investments will earn 5% annually. How much must she deposit into her account at the end of each of the next 40 years to meet her retirement savings goal?
Business
1 answer:
inessss [21]3 years ago
4 0

Answer:

Annuity will be $33112.644  

Explanation:

We have given future value ( FV ) = $4000000

Rate of interest r = 5% = 0.05

Number of periods n = 40

We know that future value is given by Futurte\ value(FV)=\frac{A}{r}[(1+r)^n-1]

Here A is annuity

So 4000000=\frac{A}{0.05}[(1+0.05)^{40}-1]

200000=A[(1+0.05)^{40}-1]

200000=A\times 6.0399

A=$33112.644

So annuity will be $33112.644

You might be interested in
______ are the assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectivenes
MA_775_DIABLO [31]
Resources are the assets, capabilities, processes, information, and knowledge that an organization uses to improve it's effectiveness and efficiency, to create and sustain competitive advantage, and to fulfill a need or solve a problem.
4 0
3 years ago
After the elimination period, a totally disabled insured qualified and started receiving benefits from his disability income pol
Andrej [43]
A premium will be waived
7 0
3 years ago
A party to a lawsuit that has an actual stake in the outcome of the case has:
MrMuchimi
I believe the answer is Legal standing.
People who had a legal standing are the one that will recieve either harm or benefit after a decision is made.
The amount of involvement that certain parties had in the case will determine how much involvement the party is allowed to influence the case.
3 0
3 years ago
Read 2 more answers
An undercover police officer is using an informant in order to be introduced to a local drug dealer. Just prior to the operation
Rama09 [41]

Answer:

The correct answer is that: informants are difficult to control and the police can not trust in them always.

Explanation:

To begin with, if the police officer finds out that the informant went behind his back and purchase drug then the officer must understand that the informant is not trustful and moreover<u> he could mean a risk to the whole undercover operation</u> that the police officer is managing, therefore that the scenario is propounding that situations like that exemplify that informants can not be trusted due to the fact that they are ex convicted and that is why the officers have to be carefull when working with them.

8 0
3 years ago
Read 2 more answers
Question 6 of 10 When making an ad, avoid using:
Alexeev081 [22]

Answer:

Its A

Explanation:

Because people dont like wierd ads and sketchy things

3 0
3 years ago
Read 2 more answers
Other questions:
  • Which type of economy provides the least incentive for companies and workers to improve?
    14·2 answers
  • One of the main responsibilities employers have under OSHA is to:
    8·1 answer
  • A natural disaster is an example of what type of risk?
    11·1 answer
  • ​_____ is the industry term for inventory and cash losses from shoplifting damage to​ merchandise, and employee theft.
    11·1 answer
  • San Lorenzo General Store uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost
    12·1 answer
  • Tom tends to be ignorant about technological advancements. He was reluctant to own a smartphone even when they were well establi
    13·1 answer
  • When the company is hosting an event, managers should assign event preparations to a ________. Preparations include trucking in
    15·1 answer
  • See the production possibility tables for Marketopia and Econlandia below. Marketopia Econlandia Cookies Pies Cookies Pies 0 18
    8·1 answer
  • Ranger Inc. would like to issue new 20-year bonds. Initially, the plan was to make the bonds non-callable. If the bonds were mad
    14·1 answer
  • I need serious help here
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!