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garri49 [273]
3 years ago
14

Lena has just become eligible to participate in her​ company's retirement plan. Her company does not match​ contributions, but t

he plan does average an annual return of ​%. Lena is 40 and plans to work to age 65. If she contributes ​$ per​ month, how much will she have in her plan at​ retirement?
Business
1 answer:
navik [9.2K]3 years ago
8 0

Answer:

Throughout her retirement plan, Lena will still have $206,673.13.

Explanation:

The given values are:

Annual Interest Rate

= 12.00%

Monthly Deposit

= $110

Period

= 25 years i.e., 300 months

Monthly Interest Rate

= 1.00%

Now,

The Accumulated Deposits will be:

⇒  110\times 1.01^{299} + 110\times 1.01^{298}+....+ $110\times 1.01 + $110

⇒  \frac{110\times  (1.01^{300} - 1)}{0.01}

⇒  110\times 1,878.846626

⇒  206,673.13  ($)

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Which role within a company is responsible for overseeing all uses of information technology and ensuring that MIS strategic ali
Sunny_sXe [5.5K]

Answer:

C. Chief information officer (CIO)

Explanation:

Based on the information provided within the question it can be said that the role within a company that is responsible for this is the Chief Information Officer (CIO). This is an executive job title, in which the individual in this position is in charge of the IT strategies being implemented as well as the unique objectives and goals of the management information system.

4 0
3 years ago
The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity o
cricket20 [7]

Answer:

a. $840

b. $140

Explanation:

a. The calculation of the average price per season ticket is shown below:-

Average price per season ticket = Total price of season tickets ÷ Sitting capacity

= $93,660,000 ÷ 111,500

= $840

b. The calculation of average price per individual game ticket sold is shown below:-

Average price per individual game ticket sold = Average price per season ticket ÷ Six home games

= $840 ÷ 6

= $140

Therefore we simply applied the above formula for computing the average price per season ticket and average price per individual game ticket sold.

8 0
3 years ago
Portraits. Belinda, a famous portrait painter, agreed to paint Harry's portrait for $5,000. She also agreed to paint the portrai
nasty-shy [4]

The most likely result if Fred sues Harry for the $12,000 payment is D. Fred will win because the right to receive payment could be validly assigned.

It should be noted that every contract creates its own rights and duties. Based on the information given, the obligee is Belinda.

The obligee in this case transfers the right to receive payments to a third-party who is Fred. Also, from the information, Belinda gave Fred the right to receive the payment from Harry.

Therefore, based on the above information, Fred has the right to receive payment. Therefore, if Fred sues Harry for the $12,000<em> payment</em>, he'll win.

Read related link on:

brainly.com/question/24978955

7 0
2 years ago
What research topic can you recommend for ABM students? pls answer properly.
Mumz [18]

Answer:

marketing strategies

Explanation:

yeah

6 0
3 years ago
Kenyon Co. uses the perpetual inventory method. Kenyon purchased 400 units of inventory that cost $6.00 each. At a later date th
olga nikolaevna [1]

Answer:$5600

Explanation:

The FIFO inventory system is an inventory system where the inventory purchased first is the first to be sold.

If 800 units are sold, the inventory sold would be calculated as:

$6 × 400 = $2,400

$8 × 400 = $3200

=$5,600

4 0
3 years ago
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