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aleksandrvk [35]
3 years ago
11

You want to save for retirement. Assuming you are now 30 years old and you want to retire at age 55, you have 25 years to watch

your investment grow. You decide to invest in the stock market, which has earned about 11% per year over the past 80 years and is expected to continue at this rate. You decide to invest $1,000 today.Required: How much do you expect to have in 25 years?
Business
1 answer:
34kurt3 years ago
6 0

Answer:

Final Value= $13,585.46

Explanation:

Giving the following information:

You decide to invest in the stock market, which has earned about 11% per year over the past 80 years and is expected to continue at this rate. You decide to invest $1,000 today for 25 years.

We need to use the following formula:

FV= PV*(1+i)^n

FV= 1000*(1.11)^25= $13,585.46

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Explanation:

3 0
3 years ago
Value Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The c
sertanlavr [38]

Answer:

$3,504

Explanation:

Catering supplies = $500 + $76 x j + $14 x m

where,

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m = number of meals in a month

therefore,

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June Catering supplies = $500 + $76 x 13+ $14 x 144

                                       =  $3,504

Conclusion

The catering supplies in the planning budget for June would be closest to $3,504.

6 0
3 years ago
Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received
Olegator [25]

Answer:

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Explanation:

For computing the after-tax cost, first we have to compute the present value which is shown below:

Present value = Bill payment × marginal tax rate

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So, after tax value would equal to

= Bill payment or Pre tax value - Present value

= $38,000 - $14,060

= $23,940

8 0
3 years ago
Select the correct answer. Which actions should a company take if its product/brand falls under the BCG Matrix category of “dog”
andriy [413]

Answer:

A

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7 0
4 years ago
All quality social media creation for a business has some cost attached to it, therefore business managers have many factors the
BartSMP [9]

Answer: media share site

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