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2 years ago

If you begin investing at age 25 instead of age 20, how much more do you need to invest per month to have $1M at retirement?

1 answer:

8 0

The logic behind saving for retirement is that the earlier one begins saving for retirement, the lesser amount they will have to save monthly. From the graph given, the answer to how much more you need to invest per month to have $1M at retirement is;

$140

Assuming a 6% investment on return, the individual will have to save $360 monthly to have $1,000,000 at the retirement age of 67.

If he, however, waits till the age of 25 to begin saving, he will have to save $500 which is $140 more than he would have saved from the age of 20.

So, to save less per month, you need to start at an early age.

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Consider an identical basket of goods in both the U.S. and Taiwan. For a given nominal exchange rate, in which case is it certai

Temka [501]

Answer: The price of the basket of goods falls in the U.S. and rises in Taiwan.

Explanation: Exchange rate is the price of a given currency when bought with another another,it is also known as the value of a currency when compared with others such as the United States Dollar. Various factors have been understood to be the cause of the rise and fall of Currency. This will include the value of a country's export and its balance of trade etc

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3 years ago

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An asset used in a four-year project falls in the five-year MACRS class for tax purposes The asset has an acquisition cost of $5

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Answer:

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Book value on purchase $5,100,000

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Book value on sales $881,280

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After tax cash flow = $1,449,068.80

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3 years ago

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3 years ago

The price of cigars is $10, with a quantity demanded of 1,000 per day. If the price increases to $12, the quantity demanded decl

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Answer:

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3 years ago

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Answer:

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