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
slavikrds [6]
3 years ago
6

Future Value of Multiple Annuities Assume that you contribute $150 per month to a retirement plan for 20 years. Then you are abl

e to increase the contribution to $350 per month for another 20 years. Given an 8 percent interest rate, what is the value of your retirement plan after 40 years
Business
1 answer:
love history [14]3 years ago
5 0

Answer:

$641,455.26

Explanation:

Calculation to determine the value of your retirement plan after 40 years

First step is to determine FV Using financial calculator

N = 40*12 = 480

I = 8%/12 = .6667

PV = 0,

PMT = $150

CPT FV =$523,651.17

N = 20*12 = 240

I = 8%/12 = .6667

PV = 0

PMT = $200 ($350 - $150)

CPT FV =$117,804.08

Now let determine the value of your retirement plan after 40 years

Sum of FV =$523,651.17+$117,804.08

Sum of FV =$641,455.26

Therefore the value of your retirement plan after 40 years will be $641,455.26

You might be interested in
Under which of the following conditions will the FIFO method produce the same cost of goods manufactured as the weighted-average
joja [24]

Answer: The correct answer is <u>".B. There is no beginning inventory.".</u>

Explanation:  

The weighted average method produces the same cost of manufactured goods as the FIFO method (First in First out) when there is no beginning inventory because there are no units at the beginning that drag the cost.

7 0
4 years ago
Suppose VS's stock price is currently $20. A six-month call option on VS's stock with an exercise price of $15 has a value of $7
lutik1710 [3]

Answer: $1.43

Explanation:

To solve this, we would use the put call parity. We then calculate the value of the out which will be:

= $7.14 + $15/(1 + 5%) - $20

= $7.14 + $15/(1 + .05) - $20

= $7.14 + $15/(1.05) - $20

= $7.14 + $14.29 - $20

= $1.43

The price of an equivalent put option is $1.43

3 0
3 years ago
How are most travel itineraries arranged?
bekas [8.4K]
Event by event so you know the schedule

4 0
3 years ago
Based on the article, As Middle Class Shrinks, P&amp;G Aims High &amp; Low, identify the environmental forces from among the six
Vladimir [108]

Answer:

All the above.

Explanation:

  • Based on the articles the middle-class shrinks P&G high and low are identified by the environmental factors that may impact the development of the firm in the market.

a) Social : The Social factor in the external environment of the form will be related to the firm showing the product whether it's accepted by the society at large.

b) Cultural : This aspect will focus on the moral and ethical principles of the company wants to portray.

c) Demographic : Factors related to the people and their age structures as they are customers users of the products.

d) Economic : In terms of the revenue maximization and profit motive should target with the appropriate amount.

e) Competitive : As the markets are highly competitive the demand for the product and the market values will be dependent on the company position of the product.

f) Technological has a larger and integrated role to play.

5 0
3 years ago
Your friends own a lawn care business. They own their own equipment and trailers to transport it. Eventually they buy out anothe
charle [14.2K]
Horizontal consolidation is the answer
3 0
3 years ago
Read 2 more answers
Other questions:
  • Bob N. Zing, the Director of Human Resources at CAP Co, Inc., has to write an internal message to announce impending layoffs acr
    14·1 answer
  • Colortime bakers wants to make 30 pounds of a berry mix that costs $3 per pound to use in their pancake mix. they are using blue
    15·1 answer
  • Justify the following statement: "Diversity should exist in the workplace."
    11·2 answers
  • Which of the following is one of the first things you should do when preparing to present yourself to employers?
    6·2 answers
  • Website : https://www.yelp.com/biz/park-tudor-school-indianapolis
    13·1 answer
  • Higher fixed costs are associated with:_____.
    14·1 answer
  • Sue invested $5,000 in the ABC Limited Partnership and received a 10 percent interest in the partnership. The partnership had $2
    13·1 answer
  • Inventory by Three Methods The units of an item available for sale during the year were as follows:
    15·1 answer
  • List and explain various needs of a business for which funds are required​
    8·1 answer
  • What is a benefit of getting college credit in high school?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!