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fredd [130]
2 years ago
7

A couple will retire in 50 years; they plan to spend about $22,000 a year in retirement, which should last about 25 years. They

believe that they can earn 8% interest on retirement savings. a. If they make annual payments into a savings plan, how much will they need to save each year
Business
1 answer:
Serga [27]2 years ago
3 0

Answer:

Annual deposit= $2,803.09

Explanation:

<u>First, we need to calculate the monetary value at retirement:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {22,000*[(1.08^25) - 1]} / 0.08

FV= $1,608,330.68

Now, the annual deposit required to reach $1,608,330.68:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,608,330.68*0.08) / [(1.08^50) - 1]

A= $2,803.09

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Net income was $503,000 in 2020, $473,000 in 2021, and $521,000 in 2022. What is the percentage of change from (a) 2020 to 2021,
Butoxors [25]

Answer and Explanation:

The computation of the percentage of change is as follows;

a. For 2020 to 2021

= (Net income in 2021 - net income is 2020) ÷ (net income in 2020)

= ($473,000 - $503,000) ÷ ($503,000)

= -5.96% decrease

b .For 2021 to 2022

= (Net income in 2022 - net income is 2021) ÷ (net income in 2021)

= ($521,000 - $473,000) ÷ ($473,000)

= 10.15% increase

In this way it is calculated

6 0
3 years ago
GenBrands, a foreign maker of washing machine tubs and pumps, sells its parts to several washing machine manufacturers in the Un
Leya [2.2K]

This is called private branding (or private labeling)

For better understanding, we have to understand what the term private branding (or private labeling) means

  • Private branding (or private labeling) is simply known as when a company produces a particular product and thereafter sells the product to a retailer who later on resells it after registering or branding it under its own name.
  • An example is when Povlix watch maker make watches for Pinnacle to sell as its Nacles watch.
  • A brand  is often regarded as the name,design etc that set apart an organization or product from other companies (mostly its rivals) in the eyes of the customer.

From the above, we can therefore say that the answer that this is called private branding (or private labeling) is correct

Learn more about private branding (or private labeling) from:

brainly.com/question/17372249

6 0
3 years ago
The Value of a Bond is tied to the Dividend rate.<br><br> True or false
PilotLPTM [1.2K]

<u>Answer:</u> False. The Value of a Bond is not related to the Dividend rate.

<u>Explanation:</u>

Bond rates are inversely related with the interest rates in the market and not dividend rates. Bonds yield interest for the investment and not dividends. Dividends are paid for shares. Dividend rates affects the share price and not Bond value in the market.

The interest rates of the Bonds can be fixed rates or fluctuating rates. It depends on the type of the security issued. As the interest rates are fluctuating then the risk for the investors increase.

7 0
3 years ago
A(n) _____ is something a person wants to get out of a job or that brings them job satisfaction.
Pie
Work value because it is part of a job
3 0
3 years ago
Read 2 more answers
The focus groupis meeting on Tuesday.The policy is too old; itneeds to be revised.The management teamwants to hire new warehouse
erastovalidia [21]

Answer:

The verbs in these sentences are:

1. is

2. needs

3. wants

4. buys

5. feel

6. recommend

7. has

8. makes

9. uses

10. shows

Explanation:

Verb is a word in a sentence which describes an action of a person. It is the word which gives understanding about the task performance in a sentence. The verb can be single or multiple in a single sentence. The choice of verb is dependent on the noun. There are 4 forms of verb which are used in a sentence.

4 0
3 years ago
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