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rosijanka [135]
3 years ago
14

Suppose you start saving for retirement when you are 45 years old. You invest $5,000 the first year and increase this amount by

3% each year to match inflation for a total of 20 years. The interest rate is 10% per year. How much money will you have saved when you are 65 years old
Business
1 answer:
Lady bird [3.3K]3 years ago
7 0

Answer:

FV= $404,734.15

Explanation:

Giving the following information:

Annual investment (A)= $5,000

Increase rate= 3%

Interest rate= 10%

Number of periods= 20 years

To simplify calculations, we will sum up the increased rate to the interest rate. <u>The effect on the investment of both rates is the same.</u>

Real interest rate= 0.03 + 0.1= 0.13

<u>Now, to determine the nominal value of the account in 20 years, we need to use the following formula:</u>

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

A= annual deposit

FV= {5,000*[(1.13^20) - 1]} / 0.13

FV= $404,734.15

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In a relatively new neighborhood with 524 homes, 72 houses were sold. The turnover index in this neighborhood is
Makovka662 [10]

Answer:

Turnover index = 13.74

Explanation:

Given that,

Total no. of homes = 524

Sold homes = 72

We need to find the turnover index in this neighborhood. It is defined as the ratio total number of leavers in a month by your average number of employees in a month multiplied by 100.

In this situation,

\text{turnover index}=\dfrac{\text{sold homes}}{\text{Total no. of homes}}\times 100\\\\=\dfrac{72}{524}\times 100\\\\=13.74

Hence, the turnover index rate is 13.74.

6 0
3 years ago
A high school uses vlan15 for the laboratory network and vlan30 for the faculty network. what is required to enable communicatio
Temka [501]
Given that a<span> high school uses vlan15 for the laboratory network and vlan30 for the faculty network.

What is required to enable communication between these two vlans while using the router-on-a-stick approach is </span><span>a switch with a port that is configured as a trunk.</span>
7 0
3 years ago
PLEASE HELP WILL MARK AS BRAINLIEST
Anuta_ua [19.1K]

Answer:

true

Explanation:

3 0
3 years ago
nineteen airlines have partnered, including air france, delta, czech airlines, air europa, china eastern, and kenya airways, to
iren [92.7K]

This partnership is most likely to an Strategic Alliance.

Strategic alliance is an agreement between two companies to work on the mutually beneficial project while each of the company work independently.

It is done for expanding business in the new market, new product line or to compete with the competitor.

This allows companies to work collectively and share the profit earned. It helps in sharing knowledge, skills, saving the resources.

It may be for short period or long period depending upon the task to be accomplished.

Under this agreement, the responsibility of the each member is clearly defined.

To know more abut strategic alliance:

brainly.com/question/17250330

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4 0
2 years ago
A company's marginal revenue function is MR=150−8x1/3, where x is the number of units. Find the revenue function. (Evaluate C so
N76 [4]

Answer:

R(x) = 150x - 6x^{4/3}

Explanation:

Marginal Revenue function = 150 - 12x^{1/3}

Revenue function = \int\limits^a_b {150 - 8x^1/3} \, dx

R(x) = 150x - 8*(x^1/3+1) / (1/3 + 1) + c

R(x) = 150x - 8*3/4x^4/3 + c

R(x) = 150x - 6x^4/3 + c

Given R(o) = 0

R(o) = 0 = O + C --- C = O

R(x) = 150x - 6x^{4/3}

6 0
4 years ago
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