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
lozanna [386]
2 years ago
9

A worker wants to set aside some money for retirement, hoping to live off the interest income. If the interest rate is 10% and t

he worker wishes to draw interest of $50,000 per year, how much should the worker save before retirement? a) 50,000,000 b) 1,000,000 c) 10,000,000 d) 500,000
Business
1 answer:
Shkiper50 [21]2 years ago
5 0

Answer:

d) 500,000

Explanation:

The amount that the worker is expected to save before retirement is the present value of the expected annual withdrawal using the interest rate of 10% as the discount rate:

savings balance at retirement=yearly cash withdrawal/interest rate

yearly cash withdrawal=$50,000

interest rate=10%

savings balance at retirement=$50,000/10%

savings balance at retirement$500,000  

You might be interested in
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Aneli [31]

Answer:

The letter A is the right one.

Explanation:

By promoting deserving employees, Jeffrey will create an environment where employees who act correctly, integrate and present high levels of professionals receive good promotions and will raise their status in the company. This shows that acting in a moral, responsible and ethical manner is rewarding and that is why everyone should follow this level of work that encourages morality and good work.

4 0
2 years ago
A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is a:
Salsk061 [2.6K]

A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is known as a:

  • <u>Cartel</u>

According to the given question, we are asked to show the term which can be best used to <em>describe </em>a group of sellers who make an agreement to <em>reduce their collective output</em> so that price of goods would increase above their marginal costs.

As a result of this, we can see that this group of people in the business world are known as cartel because they behave unethically so that they could have increased profit on sales.

Read more here:

brainly.com/question/15294015

3 0
2 years ago
You decide to buy a new car. You talk to friends about it, research mechanical specifications in Consumer Reports, test drive di
Montano1993 [528]
I’ll say it’s A
But I think it’s C
It’s gonna be either A or C
8 0
2 years ago
Name the parties involved in insurance?
sdas [7]

Answer:

Insured.

Policy Owner.

Beneficiary.

Insurance Company.

Agent/Broker.

Underwriter.

Medical Examiner. » Compare: Term life insurance quotes.

4 0
3 years ago
U.S. businesspeople are often accused of ethnocentricity. This means that
Andru [333]

Answer:

brainllest if right

This means that they are very superior or in a higher rank than others.

Explanation:

3 0
3 years ago
Other questions:
  • As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 30% of Nursery Supplies Inc
    5·1 answer
  • 15. Chef A insists that roux is the traditional thickener for bisque. Chef B insists that it's rice. Which chef is correct?
    9·2 answers
  • During a certain six-year period, the consumer price index (CPI) increased by 50%, but during the next sis-year period, it incre
    9·1 answer
  • For its new Jeep Compass, Daimler Chrysler launched a campaign targeting young, hip consumers. To reach its target, Jeep’s adver
    7·1 answer
  • Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 IThe following information applies to the
    14·1 answer
  • Brittany Callihan sold stock (basis of $184,000) to her son, Ridge, for $160,000, the fair market value. a. What are the tax con
    13·1 answer
  • Biometrics (retinal scans, fingerprints, and the like) are mainly used for ____ by large security-minded entities such as bankin
    12·1 answer
  • Suppose that Canada can produce 15units of timber or 3 units of grain. Suppose that Mexico can produce 6 units of timber or 2 un
    5·1 answer
  • Black Horse deposits $2,000 in cash in his checking account at Bank for the People of West Dakota. The reserve requirement is 25
    12·1 answer
  • Parker Corp., which operates on a calendar year, expects to sell 3,000 units in October, and expects sales to increase 10% each
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!