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natali 33 [55]
2 years ago
11

You have decided that you want to be a millionaire when you retire in 45 years. a. If you can earn an annual return of 11.4 perc

ent, how much do you have to invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if you can earn 5.7 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Ahat [919]2 years ago
5 0

The amount I should invest today if I earn an annual return of 11.4% is  $7,765.45.

The amount I should invest today if I earn an annual return of 5.7% is  $82,532.61.

<h3>What is the amount I should invest today?</h3>

The formula that can be used to determine the amount I should invest today is:

PV = FV / (1 +r)^t

Where:

  • PV = present value
  • FV = future value = $1,000,000
  • t = 45 years
  • r = interest rate = 11.4%, 5.7%

$1,000,000 / (1.114)^45 = $7,765.45

$1,000,000 / (1.057)^45 = $82,532.61

To learn more about present value, please check: brainly.com/question/25748668

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during its first year of operations, silverman company paid $11,440 for direct materials and $9,900 for production workers' wage
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The amount of finished goods inventory on the balance sheet at year-end is $11,880

What is the cost of producing 5,600 units?

The cost of producing the finished goods of 5,600 units is the sum of direct materials, workers' wages and lease payments and utilities on the production facilities

total production costs=direct materials+ production workers' wages+ lease payments and utilities on the production facilities

total production costs=$11,440+$9,900+$8,900

total production costs=$30,240

cost per unit=$30,240/5,600

The finished goods inventory is units produced minus the units sold

finished goods inventory=5600-3400

finished goods inventory=2,200

finished goods inventory on the balance sheet=2200*$30,240/5,600

finished goods inventory on the balance sheet=$11,880

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1 year ago
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Suppose you have the following information about a fictitious economy. Assume there are no taxes in this economy. Disposable Inc
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Given this condition, we can conclude in economics that consumption is at its level of equilibrium.

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