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
NemiM [27]
2 years ago
13

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?

Business
1 answer:
DanielleElmas [232]2 years ago
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.

Learn more here:

brainly.com/question/5837034

You might be interested in
Arabian Beauty Cosmetics borrowed BD 152.300 from the National Bank of Bahrain (NBB) for three years. If the quoted rate (APR) i
Tju [1.3M]

Answer: 12.47%

Explanation:

First convert the APR to the relevant periodic rate.

The compounding is done daily so the periodic rate is:

= 11.75%/365

Effective Annual rate is calculated by the formula:

= ( 1 + periodic rate)  ^ compounding period per year - 1

= ( 1 + 11.75%/365)³⁶⁵ - 1

= 12.47%

5 0
3 years ago
Oliver works at Tate Corp., an apparel manufacturing company. He primarily focuses on the tastes and needs of the firm's custome
aleksandrvk [35]

Answer:

Explanation:

B

8 0
3 years ago
Describe the 5 office layout.​
Morgarella [4.7K]

Answer:

The five most popular would be the...

Cubicle Office layout. This is the most popular and is basically a box with an opening.

Open Office layout. This is several rows of large desks. By definition, it is not very enclosed.

Co-Working Office layout. Less common, these are offices rented out to employees by third parties.

Team-Cluster Office layout. For teams working on something, this is a good way to go. One table where you can easily work together on things with each other as you go.

Hybrid Office layout. This one is a mix of a few others and customizable to a workplace's specific needs. Some of these don't even feel like offices!

5 0
2 years ago
A purely competitive industry has a very ______ number of sellers, whereas the other three market structures reflect a progressi
andrezito [222]

A purely competitive industry has a very <u>large </u>number of sellers, whereas the other three market structures reflect a progressively <u>smaller </u>or <u>decreasing </u>number of sellers.

What are three examples of a market that is only competitive?

Agrarian goods like corn, wheat, and soybeans are excellent examples of a market that is purely competitive. Monopolistic competition is similar to pure competition in that it has few barriers to entry and many suppliers.

What exactly is a product whose market is only competitive?

The characteristics of a market with pure competition the products that are sold are identical. Every seller is the same. It is simple for new businesses to enter the market. Products are priced according to what customers are willing to pay.

Learn more about market structures here:

brainly.com/question/8650428

#SPJ4

7 0
1 year ago
Who is the president's chief adviser on intelligence matters across the executive branch?
Novosadov [1.4K]

The Director of National Intelligence is known as the President's chief adviser on intelligence matters across the executive branch.

<h3>What is the role of Director of National Intelligence?</h3>

The director's role is to serves as the head of the Intelligence Community, directing the implementation of the National Intelligence Program budget and serving as the principal advisor to the President.

Hence, the Director of National Intelligence is known as the President's chief adviser on intelligence matters across the executive branch.

Read more about DNL

<em>brainly.com/question/558426</em>

#SPJ12

4 0
2 years ago
Other questions:
  • The hidden-cost fallacy occurs when a. ​A firm considers irrelevant costs b. ​A firm ignores relevant costs c. ​A firm considers
    8·1 answer
  • How many pounds of garbage does the average american produce each day
    6·2 answers
  • Which type of account is typically the MOST liquid? Checking account Savings account Certificate of Deposit Exchange Traded Fund
    12·1 answer
  • A new accountant at Windsor, Inc. is trying to identify which of the following amounts should be reported as the current asset "
    15·1 answer
  • Why do corporations, companies, and government agencies use formal application forms?
    5·1 answer
  • Do you agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year? What about t
    12·1 answer
  • The cost of equity is ________. the interest associated with debt the rate of return required by investors to incentivize them t
    6·1 answer
  • When a manager speaks to an employee, the employee pays the most attention to: Nonverbal communication Verbal communication
    12·1 answer
  • How are time tickets and materials requisition slips similar?
    8·1 answer
  • In a(n) __________ marketing channel, several independent members each attempt to satisfy their own objectives and maximize thei
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!