suppose you want to have $600,000 for retirement in 30 years. your account earns 10% interest. a) how much would you need to deposit in the account each month?

Answers

Answer 1

Based on the abovementioned statement, we would need to deposit $498.29 each month into the account.

What do you mean by deposit?

We make a deposit when you add money into your checking account. To build savings and generate interest, you should put money in a bank. For money you can withdraw at any time, an demand deposit is made. The time deposit is an investment for the long term. Whenever you take out a loan, you could also pay a deposit as collateral.

Briefing:

Final amount 'A'= $600,000

Time 't' = 30years

Rate of interest 'r'= 6%

Month =12

Let 'P' represent the monthly deposit into the account.

A=\(\frac{P(1+x/m^{mt-1} )}{x/m}\)

600,000=P\(\frac{P(1+6/12*100^{12*30-1} )}{6/12*100}\)

600,000=\(\frac{1}{200}\)

3000+1=P(1.005³⁶⁰)

P=\(\frac{3001}{6.02558}\)

P=$498.29

Therefore, we must contribute $498.29 per month to the account in order to just have $600,000 for retiring in 30 years at 6% interest.

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Related Questions

The amount of output produced per unit of input is referred to as ______.

Answers

Answer:

productivity

Explanation:

Hope this helped!!!

The amount of output produced per unit of input is referred to as productivity.

What is productivity?

Productivity is a measure of the efficiency with which commodities or services are produced. Productivity is frequently represented as a ratio of an aggregate output to a single or aggregate input employed in a manufacturing process, i.e. output per unit of input, generally over a specified time period.

Managers utilize objectives, incentives, development, and communication tactics to improve staff performance and productivity.

In economics, productivity quantifies output per unit of input, such as labor, capital, or any other resource. For the economy, it is frequently computed as a ratio of GDP to hours worked.

Therefore, it can be concluded, that Productivity is defined as the quantity of output generated per unit of input.

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what is the difference in allocation between two activity cost pools and three activity cost pools? is the difference in allocation worth using the third activity cost pool

Answers

The main difference between two activity cost pools and three activity cost pools is the level of detail in the allocation of overhead costs.

In a two activity cost pool system, overhead costs are allocated to two categories of activities: typically, a "machine-related" activity pool and a "labor-related" activity pool. The costs are allocated to products based on the relative usage of these two activities.

In contrast, a three activity cost pool system uses an additional activity category, typically "setup-related" activities, to allocate overhead costs. This allows for a more detailed and accurate allocation of overhead costs to products based on the specific activities that drive the costs.

The decision to use a three activity cost pool system would depend on whether the additional level of detail in the allocation of overhead costs is worth the additional complexity and cost of implementing the system.

For some businesses with relatively simple operations, a two activity cost pool system may provide sufficient accuracy in the allocation of overhead costs.

However, for businesses with more complex operations or significant variation in the activities that drive overhead costs, a three activity cost pool system may provide a more accurate allocation of overhead costs, allowing for better decision-making about product pricing, production processes, and resource allocation.

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For Tesla, the Model S represents a
(BCG) market growth/market share matrix.
on the Boston Consulting Group

Answers

The answer is "star" and its further explanation can be defined as follows:

The Tesla Model S is pleasant during the day, but fitness and finish are something to want. When heading for just a quick ring all-around city or heading off to the other side, Model S 2020 is full of space and luxury. It is a quality rating of 7 out of 10.The Tesla Model S is the top U.S. car with an overall score of 70 in the ultra-luxury car category. The top-range model S is 373 miles long and has one of today's largest ranges. For Tesla, Model S is a star in the growth/market share matrix of the Boston Consulting Group. The hunting for a high-quality premium car, Tesla Model S.Its overall design is maybe 10-years old, but the type S still sets a baseline for all EVs, and it has an unmatched driving range. The Model S is rather costly at $80,000 on the other hand.

That's why the correct answer is "star".

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i will give brainiest if right please answer, Parker wants to develop new food sources for less-developed countries. He was raised on a farm, but doesn't plan to be a farmer. What kinds of careers should he consider?

Answers

Agricultural Research

Cover pages should include
a. The name of your class
b. The date you turn in the paper
c. Your teacher's name
d. All of these
Please select the best answer from the choices provided
O A
B
Ос

Answers

The answer it’s letter D

Answer:

the answer is D

Explanation:

What do you think are the most important components of budgeting? Why?

Answers

Answer:

I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings

Explanation:

impressions, clicks, click-through rate, cost per click are all examples of: group of answer choices conversion-related metrics roi-related metrics traffic-related metrics

Answers

Impressions, clicks, click-through rate, and cost per click are all examples of traffic-related metrics. Traffic-related metrics are web analytics metrics that measure the amount of traffic that a website receives.

This may be useful information for website owners and marketers seeking to improve their website's visibility and optimize their advertising efforts. These metrics can include the number of page views, unique visitors, sessions, and bounce rate. The different examples of traffic-related metrics are Impressions: This refers to the number of times an ad is displayed on a web page.

Clicks: This refers to the number of times an ad is clicked on by a user. Cost per click (CPC): This is the average cost for each click on an ad. It is calculated by dividing the total cost of clicks by the total number of clicks. Click-through rate (CTR): This is the percentage of users who click on an ad after viewing it. It is calculated by dividing the number of clicks by the number of impressions.

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Select the correct answer. which feature is characteristic of a market economy? a. government provides basic goods. b. self-interest motivates buyers. c. people have less economic freedom. d. people have no property rights.

Answers

Characteristic of a market economy is a. government provides basic goods.

A marketplace financial system is a financial device in which forces, known as supply and demand, direct the manufacturing of products and offerings. market economies are not controlled by a central authority (like a government) and are as an alternative based on voluntary change.

A marketplace financial system is an economic system in which the decisions concerning funding, manufacturing, and distribution to the customers are guided by means of the fee indicators created through the forces of delivering and call for, in which all providers and clients are unimpeded by charge controls or restrictions on settlement freedom.

The hobby in a marketplace economic system is unplanned. It isn't prepared through any significant authority but is as a substitute decided by way of the supply and call for of products and offerings. The united states, England, and Japan are all examples of market economies.

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The Agriculture, Food, and Natural Resources career cluster is a group of careers focused on plants, animals, natural resources, food production, and food processing. providing people with a place to stay, food, assistance, and fun activities. providing care, support, and natural resources to people in need. scientific study, research, and experiments for medical and other purposes.

Answers

Answer:

The correct answer to this question is A.

Explanation:

The Agriculture, Food, and Natural Resources career cluster is a group of careers focused on plants, animals, natural resources, food production, and food processing.

Hopefully, this helps! :D

Ask your question below!

Providing care, support, and natural resources to people in need is generally associated with the Agriculture, Food, and Natural Resources career cluster is a group of careers focused on plants, animals, natural resources, food production, and food processing.

What is the meaning of natural resources?

Natural resources are those that are derived from nature and used largely unaltered. This encompasses the origins of desirable traits like those used for business and industry, aesthetic appeal, scientific curiosity, and cultural significance.

These are resources that are created naturally from materials found in the environment. Natural resources include things like air, water, sunlight, soil, rock, plants, animals, and fossil fuels.

In essence, we refer to these resources as "natural" resources because they are items that human society consumes that were produced (or, in the case of fossil fuels, were produced) without human involvement.

Human welfare depends heavily on natural resources. We cannot survive without the freshwater we drink, the plants we consume, or the pure air we breathe. To build roofs over our heads and also heat our homes, we require natural resources. For us to live and prosper, they are essential.

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Can someone answer this question please please I don’t know how to do it and it’s to tonight please
And please show the work please

Can someone answer this question please please I dont know how to do it and its to tonight please And

Answers

Answer:

1) 5

2) 2

3) 3

4) 3

5) 4

6) 18

7) 8

8) 16

9) 10

10) 33

Explanation:

1) 10/2 = 5

2) 4/2 = 2

3) 6/2 = 3

4) 9/3 = 3

5) 12/2 = 6, 24/6 = 4

6) 6/2 = 3, 6*3 = 18

7) 16/4 = 4, 32/4 = 8

8) 32/8 = 4, 4*4 = 16

9) 20/2 = 10, 1*10 = 10

10) 22/2 = 11, 11*3 = 33

HOPE THIS HELPS! CAN I GET BRAINLIEST PLEASE? THANKS!

A process for making financial decisions is called _____.

Answers

Answer:

ouybouybo

Explanation:

The restaurant sector continues to grow despite the hurting economy.

true or false

Answers

Answer:

True

Explanation: do my monkey dance

A graphical representation of how much a seller would be willing and able to bring to the market at various prices is known as the:

Answers

A graphical representation of how much a seller would be willing and able to bring to the market at various prices is known as the supply curve. The supply curve is one of the most important tools used by economists to study markets.

It is a visual representation of the relationship between the price of a good or service and the quantity that producers are willing and able to supply at that price. The supply curve slopes upward from left to right, indicating that as the price of a good or service increases, producers are willing to supply more of it.

The reason for this is simple as the price of a good or service increases, producers are more likely to invest in the resources necessary to produce it, and they are also more likely to allocate their resources towards producing it.

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According to the unit, what percentage of shoppers used a coupon in 2012?

A. 78%

B. 85%

C. 93%

D. 100%

Answers

today's world, 96% of consumers have used a coupon in the past 90 days. JC Penney tried to break consumers of the coupon habit in 2012 and quickly saw a 23% drop in sales for the first three quarters of 2012. If JC Penney couldn't change people's shopping behavior, you probably can't either.n: so i guess its c

Answer:

78%

Explanation:

I take nutrition and wellness, and this was the correct answer for me. Just took the test as well :P

What does the concept of scarcity explain?choose three answers

Answers

The concept of scarcity explains:

why consumers are willing to pay high prices for items.why decisions must be made on how to use resourceswhy a single resource has more value than another resource.

Scarcity as an economic idea "refers back to the basic reality of lifestyles that there exists most effective a finite quantity of human and nonhuman resources which the first-rate technical expertise is capable of the usage of to provide most effective restricted most amounts of each economic appropriate. shortage in economics refers to whilst the call for for a resource is greater than the deliver of that aid, as assets are limited. shortage consequences in purchasers having to make selections on how high-quality to allocate assets a good way to satisfy all simple needs and as many desires as feasible. shortage refers back to the confined availability of a useful resource in contrast to the infinite desires. shortage may be with appreciate to any natural assets or with admire to any scarce commodity. scarcity can also be called paucity of sources.

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Answer:

why consumers are willing to pay high prices for items.

why decisions must be made on how to use resources

why a single resource has more value than another resource.

Explanation:

why a product could lose significant value over time.

why people continue to purchase different products.

why consumers are willing to pay high prices for items.

why decisions must be made on how to use resources

why resources can be both renewable and nonrenewable.

why a single resource has more value than another resource.

(i took the test)

Hey y'all !! Can some body help me out!!

1.What is the role of engineer in development of nation.

2. Elucidate the importance of an animal doctor.

3.Finance sector is a very sensitive feild. Do you agree? Give reasons.

Thank you!!♡​

Answers

Answer:

1.) Engineer play very important role in the development of society and nation. Engineer plan and build new bridges, huse building, roads, railways, dams, canals, etc. that helps agricultural, living, transportation and commuting. Appliance and gadgets at home are degined by engineers. They built the infrastructure and the tools necessary for progress.

2. A veterinary (Animal doctor) treat disease, disorders, and injuries in animlas. Most veterinary physician workbin clinical setting, treating animal directly.

3. Yeah, I do agree because finance sector is essential for day to day operation. It is the task of examining and controlling ecnomic transaction on the regular basic fir the financial sucess, based on law

jackson reminded his management team that while their home headquarters had knowledge about the facilities in thailand, they should also communicate with the subsidiary in thailand to gain their knowledge. this demonstrates the concept of

Answers

'Jackson reminded his management team that while their home headquarters had knowledge about the facilities in Thailand, they should also communicate with the subsidiary in Thailand to gain their knowledge. this demonstrates the concept of global learning.

Global learning is a critical analysis and analysis of the complex and interdependent global systems and heritage (natural, physical, social, cultural, economic, political, etc.) and their impact on human life and the sustainability of the planet. It's about taking action.

Local Global Learning equips diverse learners with 'glocal' citizenship through service learning and field placement experiences in local or international cross-cultural settings.

Global learning helps students become knowledgeable, open-minded, responsible, responsive to diverse perspectives, and capable of addressing the world's most pressing issues impartially and sustainably. increase.

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The criteria that parties to a contract must be in agreement is also known as

A: Consideration
B: Legality
C: Mutual Assent
D: Capacity

Answers

Answer:

C: Mutual Assent.

Explanation:

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.

In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

On average, for every $1.00 that is collected by the credit card companies in principal, how much is collected in interest and fees?

Answers

Answer:

On average for every $1.00, the credit companies collectection in total is 1.50.

Explanation:

On average for every $1.00, the credit companies collectection in total is 1.50.

Telling customers that they only have until midnight to get sale prices is an appeal to

A. ethos.

B. logos.

C. pathos.

D. kairos.

Answers

Answer:

D. kairos.

Explanation:

Telling customers that they only have until midnight to get sale prices is an appeal to kairos.

Answer:

It's d

Explanation:

Explain five importance of transport to a business man​

Answers

Movement of goods, easy movement of labor, price hike control, profit maximization, and assistance in mass production are the five important of transport to a businessman​.

What exactly is transportation?

The movement of humans, animals, and goods from one location to another is known as transportation (in British English) or transportation (in American English). In other words, transport is defined as a specific movement of an organism or thing from point A (a location in space) to point B.

Air, land (rail and road), water, cable, pipeline, and space are all modes of transportation. The field is divided into three sections: infrastructure, vehicles, and operations. Transport allows people to trade with one another, which is necessary for civilizations to develop.

Fixed infrastructure includes roads, railways, airways, waterways, canals, and pipelines, as well as terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals can be used for both passenger and cargo interchange and maintenance.

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According to the reading, what might support a premium pricing strategy? a) Forming your business as a corporation b) Fresh ingredients c) 24 hour operation d) None of the above

Answers

Answer: Fresh ingredients

Explanation:

When determining the amount of cash payments for manufacturing overhead, which costs are removed from the budgeted manufacturing overhead?

Answers

When determining the number of cash payments for manufacturing overhead, Depreciation is removed from the budgeted manufacturing overhead.

What is depreciation in accounting?

Depreciation is allocated across the asset's estimated useful life in order to charge a reasonable portion of the depreciable amount for each accounting period. Depreciation includes the amortization of assets with predetermined useful lifetimes.

How to calculate manufacturing overhead?

You must total up all indirect costs associated with the manufacturing of a product to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance of machines, indirect materials and labor, and more.

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As a manager, your decisions must always improve the function of an organization and contribute toward _____.

increased revenue
meeting the vision
meeting the goals
increased staff

Answers

Answer:

It's C.

Explanation:

It's definitely not meeting the vision(s) or increased staff so I narrowed it down to A and C, increased revenue and meeting the goals, saying them both in the sentence for the blank it flows and makes sense so you have to go by common-sense or knowledge so I have a good guess that it would be meeting the goals. Managers do sell stuff but rarely, and selling stuff is how you increase revenue. Trying to meet the goals is more of managers isle and from what I know of managers it wouldn't be meeting the vision in any postion.

Answer:

B. Meeting The Vision

Explanation:

I took the Instruction/Assignment and got it wrong, It's Meeting The Vision

As a manager, your decisions must always improve the function of an organization and contribute toward

A stock has an expected return of 12 percent and a standard deviation of 20 percent. Long term Treasury bonds have an expected return of 9 percent and a standard deviation of 15 percent. Given this data which of the following statements is correct?

A. Both investments have the same diversifiable risk.
B. The stock investment has a better risk-return trade-off.
C. The bond investment has a better risk-return trade-off.
D. The two assets have the same coefficient of variation.

Answers

Answer:

D. The two assets have the same coefficient of variation.

Explanation:

the coefficient of variation = standard deviation / mean

the coefficient of variation of the stock = 20% / 12% = 1.67the coefficient of variation of the treasury bonds = 15% / 9% = 1.67

As a general, the lower the coefficient of variation, the more exact is the estimated return.

Prompt
What is debt?

Answers

Answer:

debt is when you spent more money than you had

Is when u owe on something cause u did not have enough money to cover the original cost

If a sales promotion increases an organization's profits, it means it has fixed any problems with the marketing plan.

Answers

The correct answer to this open question is the following.

Although there are no options attached or further context, we can say the following.

If a sales promotion increases an organization's profits, it means it has fixed any problems with the marketing plan.

Not really, it only means that the sales promotion was effective up to the degree of the goals established in the plan. But this doesn't mean that it has solved all the problems with a marketing plan

The marketing plan is a more large and complete document that includes many different strategies, tactics, and action programs. The sales promotion is only one aspect or program of the marketing mix included in the plan.

Using the same quiz format, steps required to answer questions, and submission deadlines for both pars and kcs are examples of which of the eight golden rules for hci design?.

Answers

Examples of the eight golden standards for hci design's Strive for consistency include using the same quiz structure, procedures needed to answer questions, and submission dates for both pars and kcs.

In interface design, every component, theme, animation, and action should stay consistent throughout the experience. The user will probably be perplexed, for instance, if the interface alters the button's color and Strive for consistency font while the user is using it. The concept of consistency extends beyond a single application. For instance, websites frequently share basic elements like the corporate logo in the upper left corner and the top menu. These patterns have emerged through time, been described by usability professionals, and incorporated by designers into common practice.

Between pages of one application or between still-related applications, Strive for consistency is required. The key is that authorized users, including the majority of inexperienced users, can still view sites that are seen as still being in dialogue or as still having a connection to the program in use. Users won't be afraid to switch applications as a result of feeling at ease with the application.

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The question was incomplete. Check below the full question.

Using the same quiz format, steps required to answer questions, and submission deadlines are examples of which of the Eight Golden Rules for HCI Design?

a. Supporting internal locus of control

b. Offering informative feedback

c. Strive for consistency

d. Reducing short-term memory load

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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NGPF Activity Bank Paying for College
5.4 COMPARING the types of student loans
PLEASE HELP ME WITH THIS I HAVE TO TURN IN TODAY I NEED A ANSWER ASAP

NGPF Activity Bank Paying for College 5.4 COMPARING the types of student loans PLEASE HELP ME WITH THIS
NGPF Activity Bank Paying for College 5.4 COMPARING the types of student loans PLEASE HELP ME WITH THIS
NGPF Activity Bank Paying for College 5.4 COMPARING the types of student loans PLEASE HELP ME WITH THIS

Answers

There are generally two types of student loans: federal student loans and private student loans. The federal student loan is given below.

How much can a student get a student loan?

Education loans are intended to pay for living expenses while the borrower is pursuing a degree, as well as tuition, books, and supplies.

As there is no cap on the largest debt that may be approved under the student loan program. The maximum amount for NRI students is Rs. 20 lakhs, and for elite institutions, Rs. 30 lakhs.

Federal student loans: These loans are provided by the government and provide a number of advantages, including reduced interest rates, repayment schedules based on income, and loan forgiveness opportunities. Federal student loans come in a variety of forms, including Direct Subsidized Loans: Undergraduate students who can prove they have a need for the money can apply for these loans. When the student is enrolled in school, the government covers the interest on these loans. Direct Unsubsidized Loans: These loans can be obtained by graduate and undergraduate students alike and don't need proof of need. While the student is enrolled in school, interest is accruing on these loans. Graduate students and parents of dependent undergraduate students may apply for Direct PLUS loans. They have higher interest rates and demand a credit check than other loan plans.

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Max had 1 litre of syrup. He used 1/5 litre of the syrup on Saturday and 5/6 of the remaining syrup on Sunday. How many litres of syrup did Max have left? How, if at all, did the early twentieth-century Dada movement influence the creation of art using alternative media and/or processes?> It challenged traditional notions of art.> It focused on the message over the medium.> It brought objects from the real world into a fine art context. what is the difference between magnification and resolution? which parts of the microscope are essential for magnification? for resolution? The maintenance of the distribution of ions across cell membranes is an example of _____ work. Help please like I mentioned before I suck at physics in the american system of federalism, which level of government is solely responsible for the administration of criminal justice? A punch recipe calls for 7 parts water to 2 parts powder. You make 108 fluid ounces of punch. How many fluid ounces of each ingredient do you need? philosophy: The sub-discipline in philosophy that is concerned with values, like "right" or "wrong", or aesthetic values is called.... Axiology Logic Epistemology Metaphysics issued shares of stock are: group of answer choices the maximum number of shares the corporation charter allows a corporation to issue shares of stock that have been sold but may or may not be held by the stockholders shares of stock that have been sold and are being held by the stockholders (not the corporation) the stockholders who are authorized to bind the corporation in a contrac factorise 6b+3b+8b+5 Find x to the nearest tenth Please I have my final now can someone help me with this fast where the reference cutting velocity is 0 =75 /min and reference feed per tooth is 0 = 0.1 /tooth . how might prairie dog biomass affect the carrying capacity of ferrets on a given reintroduction site? Which compound inequality is represented by the graph?(A.) -2 (B.) -2_(C.) x4(D.) x_4 if bonus is 4% , Vat is 13% and paid amount is rs 199,784 then find mp. 5000mm a dm ocupo la pregunta porfa!! Humans have ______ senses.Answer: What did Wilson think was the most important part of the Treaty of Versailles? A circle labeled Internal Medicine Doctors. It is connected to 4 other circles. Circle 1 is labeled Veterinarians. Circle 2 is labeled Epidemiologists. Circle 3 is labeled Virologists. Circle 4 is labeled Food Investigators. This web diagram presents different types of internal medicine doctors. Why is a web diagram a good choice for illustrating this information? A web diagram allows pictures to help with understanding. A web diagram shows what connects these different types of doctors. A web diagram compares and contrasts the doctors best. A web diagram looks best on the page.