when you retire, you want to have a million dollars saved. if you plan to retire in 40 years, and you can receive 5% interest annually on a savings account, what is the fixed amount you have to save each year?
Answers
You want to have $1,000,000 saved up for retirement. If you anticipate retiring in 40 years and are able to earn 5% interest per year on a savings account, the fixed amount is $8,278.
How do you calculate fixed rate?Total Cost of Production - Variable Cost Per Unit * Number of Units Produced equals Fixed Cost.Add up your variable costs and divide by the quantity of units you generated to get your total cost of production.
Regardless of the number of hours worked or an employee's performance, the fixed pay remains the same. Any sum equal to the set amount that the Issuer will pay the Swap Counterparty for that Payment Date under the terms of the Interest Rate Swap is referred to as a "Fixed Amount" for that Payment Date.
Even though it is grammatically valid to state a number of people, the amount of people is more frequently heard in everyday speech. Although it is often used, the number of persons is incorrect.
The complete question is
When you retire, you want to have a million dollars saved. If you plan to retire in 40 years, and you can receive 5% interest annually on a savings account, what is the fixed amount you have to save each year?
$8,278
$23,026
$14,836
$3,860
None of these answers
Therefore the correct answer is $8,278 .
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Related Questions
1. Workplaces that grow plants, such as farms, nurseries, greenhouses,
gardens, and parks are part of
Plant Systems
Animal Systems
Food Products & Processing Systems
Environmental Service Systems
Answers
Answer:
Plant Systems
Explanation:
The plant system entails the science of how plants grow. It is the study of the different types of plants and how they impact our world. Gardens, farms, nurseries, greenhouses, and parks also form part of the plant's system.
Plant Systems specialists help feed the nation by monitoring our plant food quality and safety. They provide information that aids consumers in making sensible nutritional decisions.
What are the 3 significant types of insurance that are involved in Marine
insurance
Answers
Answer:
Liability Insurance.
Hull Insurance.
Freight Insurance.
Freight Insurance
Ship‘ owners liability
You are an oat farmer who decides to sell a
call with a strike price of $4.90 for a premium of
$0.25.
If the futures price ends up at $4.85 (and your cash price is
$4.50), find your net price.
Answers
To calculate the net price as an oat farmer who sold a call option, we need to consider the premium received and the difference between the strike price and the futures price.
In this scenario, the strike price of the call option is $4.90, and the premium received is $0.25. The futures price ended up at $4.85, which is lower than the strike price. However, the cash price at $4.50 is even lower than the futures price.Since the futures price is below the strike price, the call option is out of the money and will not be exercised by the buyer. Therefore, as the seller, you get to keep the premium received.The net price, in this case, would be the cash price ($4.50) plus the premium received ($0.25):Therefore, the net price as an oat farmer in this situation would be $4.75.
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Which protections exist under the servicemembers civil relief act? check all that apply.
Answers
Under the SCRA, three main areas are covered: (1) defense against the entry of defaults judgments; (2) suspension of proceedings in cases when the servicemember has been given notice of the process.
The SCRA safeguards what?By providing protections pertaining to things like tenancy contracts, security deposits, payment method rent, evictions, payment contracts, monthly interest rates, auto repossessions, and mortgage interest rates, the SCRA facilitates servicemembers to dedicate their attention and time to the defense needs of the country.
Whose person is the SCRA protecting?All full-time active duty members of all branches of the armed forces, as well as commissioned officers of the National Oceanic and Atmospheric or Public Health Service, are protected under the SCRA while serving in their respective capacities.
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Which situation best illustrates how global trade promotes specialization?
A. A country sets strict limits on the amount of goods it can import
from other countries in a single year.
B. A country tries to export as many goods as possible by making a
huge variety of different products.
C. A country imports food and medicine from its neighbors so that
its workers can focus on making cars.
D. A country ensures that it will not become too reliant on trade by
producing all of its own food and clothing,
Answers
Answer:
C. A country imports food and medicine from its neighbors so that
its workers can focus on making cars.
Explanation:
Just got it right on my quiz!
The situation that best illustrates how global trade promotes specialization is that a country imports food and medicine from its neighbors so that its workers can focus on making cars.
Specialization by nations or individuals makes them to produce at the lowest cost and then trade with others,International trade often promotes specialization and division of labor and increases output and consumption. When an economy specializes in production, it brings about gains from international trade.
An example, a country can produce rice at a lower cost than beans, it can choose to specialize and dedicate all its resources to the production of rice, using some of them to trade for beans.
Conclusively, by specialization, countries specialize in certain products which they trade for other goods.
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the workplace soft skills that equip you to accept and meet the challenges of change include
A understanding and flexibility
B tolerance and kindness
C flexibility and adaptability
D rigidity and truthfulness
Answers
Answer:
Flexibility and adaptability
Explanation:
Flexibility and adaptability are workplace soft skills that equip you to accept and meet the challenges of change.
a tax imposed on the sellers of a good will raise the
Answers
A tax imposed on the sellers of a good will raise the price buyers pay and lower the effective price sellers receive.
What is tax?The term tax is referring as, A tax is a mandatory commercial as the undertaking charge or some other type of levy bring down on the taxpayer (an individual or legal entity) by a polity social group.
As, when the tax imposed on the sellers of a good will raise the overall cost of production that of the good will increase, as this quantity was supplied at the every price level.
Therefore, As a result, the demand of the supply analysis, the curves will shift in the left as responses in the tax.
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here are data on two stocks, both of which have discount rates of 10%: Stock A Stock B
Return on equity 10% 8%
Earnings per share $2.50 $1.50
Dividens per share $ 1.00 $ 1.00
a. What are the dividens payout ratio for each firm
b. What are the expected dividend growth rates for each stock?
c. What is the proper stock price for each firm?
Answers
Based on the given stocks: a. The dividend payout ratio is 40%. b. The expected dividend growth rates for each stock: 0.92%. c. The proper stock price Stock A: $1.015, Stock B: $17.33.
a. The dividend payout ratio for both firms is 40% ($1.00/$2.50 for Stock A and $1.00/$1.50 for Stock B).
b. The expected dividend growth rate for Stock A can be calculated as (earnings per share × retention ratio) / current stock price. Assuming a retention ratio of 60% (100% - 40% dividend payout ratio), the expected dividend growth rate for Stock A is (2.50 × 0.60) / P = 1.50 / P, where P is the current stock price.
For Stock B, the expected dividend growth rate is simply the retention ratio times the return on equity, which is 0.92% (0.08 × 0.60).
c. To calculate the proper stock price for each firm, we can use the dividend discount model (DDM), which assumes that the stock price is equal to the present value of all future dividends.
The formula for the DDM is P = D1 / (r - g), where P is the stock price, D1 is the expected dividend per share one year from now, r is the discount rate, and g is the expected dividend growth rate.
For Stock A, the expected dividend per share one year from now is $1.00 × (1 + 0.015) = $1.015 (assuming a 1.5% dividend growth rate), so the proper stock price is $1.015 / (0.10 - 0.015) = $11.28. For Stock B, the expected dividend per share one year from now is $1.50 × (1 + 0.0092) = $1.514, so the proper stock price is $1.514 / (0.10 - 0.0092) = $17.33.
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How do savers benefit from capital markets?
Answers
Answer:
It also helping our country to become stable and giving a good position in economic compare to other country because if savers give more capital to the financial market the can used as a capital for borrowers to do their business to gain more profit to all of them,
Explanation:
Opinion
Why it it not working the app?
Answers
1,2,3,6
this is what i would choose of course
not sure how to explain it though
Match each law with its correct description.
Answers
Answer:
Not too sure but I think it goes 1.Fair credit billing act 2.Credit CARD act 3.Uniform commercial code 4.Truth in lending act.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.
Through the meaningful disclosure of loan conditions, which enables customers to evaluate standardized credit terms more easily and intelligently, the Truth in Lending Act (TILA) aims to safeguard consumer protection and promote competition among financial institutions.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.Fair Credit Billing Act: allows consumers to exercise their rights regarding disputes and billing errors.Uniform Commercial Code: a set of laws that govern US commercial transactions.Credit CARD Act: prohibits unfair and abusive credit practices and ensures the transparency of fees.As a result, the significance of the law terms and definition are the aforementioned.
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as sales volume increases, an operation's mixed-expense percentage decreases while the total dollar amount of the mixed expense increases.
Answers
The statement "As sales volume increases, an operation's mixed-expense percentage decreases while the total dollar amount of the mixed expense increases" is true because when sales volume increases, the mixed-expense percentage decreases due to the fixed component's diminishing proportion, while the total dollar amount of the mixed expense increases due to the rising variable component.
The reasons are as follows:
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11. a bond fund had the following yearly returns: year 1 year 2 year 3 year 4 year 5 14% 7% -3% 18% 9% what is the standard deviation of the returns?
Answers
A measure of volatility or risk is the standard deviation of returns. You might anticipate more variability in returns the higher the return standard deviation. The returns' standard deviation is 7.968.
What does risk and return standard deviation mean?The dispersion of asset prices from their average price, or market volatility, can be calculated with the use of standard deviation. A large standard deviation indicates a dangerous investment when prices move erratically. Low standard deviation indicates stable prices, which lowers the risk associated with investments.
How is the standard rate of return determined?The initial investment value is subtracted from the investment's current value, and the result is divided by the original investment value to determine a simple rate of return. The result is multiplied by 100 to be reported as a percentage.
In the given question, we use formula of standard deviation,
standard deviation= √\((\frac{(R-A)^{2} }{N-1})\)
W= returns
A= Average return
Average return= 45/5= 9
Return (R-A) \((R-A)^{2}\)
14% 5 25
7% -2 4
-3% -12 144
18% 9 81
9% 0 0
45 254 total
Standard Deviation= √\({\frac{(R-A)^{2} }{N-1} }\)
= \(\sqrt{\frac{254}{4} }\)
= 7.968
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What are the three major types of equity accounts?
The three major types of equity accounts are investments, _________
and retained earnings.
Answers
The three major types of equity accounts are:
Common Stock: Common stock is a type of equity that represents ownership in a company. When a company issues common stock, it is essentially selling ownership shares in the company to investors. Common stockholders have voting rights and may receive dividends, which are a portion of the company's profits distributed to shareholders.
Retained Earnings: Retained earnings are the portion of a company's profits that are not distributed to shareholders as dividends but are instead retained by the company for reinvestment in the business. Retained earnings are reported as a component of shareholders' equity on the balance sheet.
Preferred Stock: Preferred stock is a type of equity that gives shareholders preferential treatment over common stockholders. Preferred stockholders typically receive a fixed dividend, which is paid out before common stock dividends, and they may have other rights such as priority in the event of liquidation. Preferred stock is often seen as a hybrid security because it has features of both equity and debt.
Note that the classification and naming of equity accounts may vary depending on the accounting standards used and the nature of the business.
if foodservice expenses for one semester of 101 days amount to $695,000 for an operation with 1100 students eating, the daily rate would be
Answers
The daily rate of foodservice expenses is $6,318.18
Foodservice expenses for one semester of 101 days = $695,000
Students eating = 1100
To find:
The daily rate of foodservice expenses
Formula used:
Daily Rate = Total expenses / Number of days
Total number of days = 101 days Total expenses = $695,000
Number of students eating = 1100
Therefore, Daily rate = $695,000 / 101 = $6,871.28
But the question asks for foodservice expenses per student eating,So, the daily rate of foodservice expenses per student eating would be:
Daily rate per student eating = Daily rate / Number of students eating= $6,318.18.
Hence, the answer is $6,318.18.
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Ofac requires depository institutions that hold blocked property to file annual reports by.
Answers
Ofac requires depository institutions that hold blocked property to file annual reports by September 30th.
What is annual report?It should be noted that annual report is a document which describes the financial condition of a company for the previous year.
In this case, Ofac requires depository institutions that hold blocked property to file annual reports by September 30th.
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data processing includes all of the following except group of answer choices verifying subsidiary ledger balances. changing customer addresses. removing inventory items no longer offered. adding the name of a new vendor.
Answers
Data processing includes all of the following except verifying subsidiary ledger balances. Option A is correct.
Data processing is the act of gathering and modifying digital data to create useful information. Information processing, which is the alteration of information in any way that can be observed by a third party, includes data processing.What are the four steps in the processing of data?
An organization's team of data scientists and data engineers often performs it in a step-by-step manner. The unprocessed data is gathered, sorted, processed, examined, and stored before being provided in a legible way.To learn more about data processing, click the links
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Why do the media sensationalize issues?
A.
to generate interest in a story, attracting readers or viewers
B.
to ensure that both sides of a story are explored
C.
to remove bias from a story
D.
to make sure that only the most important issues get news coverage
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
A. to generate interest in a story to attract viewers and readers
Which action by the government would be used in expansionary monetary policy?
a. decreasing the reserve requirement
b. raising the federal funds rate target
c. selling more bonds to the general public
d. increasing the discount rate
Answers
The most important equipment that central banks use to expand monetary coverage encompass lowering the bargain rate, growing the buy of government securities, and reducing the reserve requirement.
What happens if the government of a u . s . a . uses expansionary financial policy?a. reducing the reserve requirement b. elevating the federal funds rate target c. selling more bonds to the conventional public d. increasing the cut price rate
Expansionary economic policy is when a central bank makes use of its equipment to stimulate the economy. That will increase the cash supply, lowers activity rates, and will increase demand. It boosts financial growth. It lowers the price of the currency, thereby decreasing the alternate rate.
What is the policy action in an expansionary economic policy to promote financial growth?Expansionary economic coverage goals to spur monetary growth via expanded liquidity. Increased money provide promotes monetary growth. It takes place because companies and people seem to be to capitalize upon the without difficulty accessible dollars by means of task increased investments, expanding operations, and growing consumption.
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What is a postage book please
Answers
A book in which expenditure on postage is recorded is called a Postage Book.
Hope it helps...when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answers
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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3. Which aspect of professionalism do you feel that you are weakest at? Explain why you think so. Describe at least one thing you could do to improve at it. (1-3 sentences. 2.0 points)
Answers
There are several aspects of professionalism that an individual is able to hone, such as communication skills for example.
How to develop communication skills?Communication can be improved through self-confidence and listening skills. It is essential to establish the plan when communicating an important message, with attention to the effectiveness of the channel and the clarity and objectivity of the communication.
Therefore, communication is an essential skill of professionalism that must be developed through openness to experience and dedication.
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Explain what a business impact analysis is for a system and how it is applied to an organization
Answers
A business impact analysis (BIA) predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies.
It helps to identify potential loss scenarios during a risk assessment.
A business impact analysis can be conducted in a business in the following steps.
Scope the Business Impact Analysis.Schedule Business Impact Analysis Interviews.Execute Business Impact Analysis (BIA) and Risk Assessment Interviews.Document and Approve Each Department-Level BIA Report.Complete a BIA and Risk Assessment Summary.https://brainly.com/question/28564181
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On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000. The following additional information is also available:Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215,000.Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000.Plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)Plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end.Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:_____________A. $194,000B. $209,000C. $200,000D. $171,000E. $156,000
Answers
The amount that Plunkett should report in ending inventory on December 31 is: E. $156,000.
Ending inventoryUsing this formula
Ending inventory= Ending inventory balance - FOB destination goods purchased - Goods being held on consignment
Let plug in the formula
Ending inventory= $215,000 - $44,000 - $15,000
Ending inventory= $156,000
Therefore the correct option is E.
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f carissa has a $141,000 home insured for $105,000, based on the 80 percent coinsurance provision, how much would the insurance company pay on a $7,600 claim?
Answers
The insurance company would pay $7,066.92 on a $7,600 claim.
To calculate how much the insurance company would pay on a $7,600 claim, we need to first determine if Carissa's home meets the coinsurance requirement.
The coinsurance requirement means that Carissa must insure her home for at least 80% of its replacement value, which in this case is $141,000 x 80% = $112,800.
Since Carissa's insurance coverage is $105,000, which is less than the required amount of $112,800, she is underinsured. As a result, any claim payment she receives will be subject to a coinsurance penalty.
To calculate the penalty, we need to determine Carissa's coinsurance percentage, which is the ratio of her insurance coverage to the required amount:
Coinsurance percentage = (Insurance coverage / Required amount) x 100%
= ($105,000 / $112,800) x 100%
= 93.07%
This means that Carissa's insurance coverage is only 93.07% of the required amount, so her claim payment will be reduced by the same percentage.
To calculate the amount the insurance company will pay on a $7,600 claim, we need to multiply the claim amount by Carissa's coinsurance percentage:
Insurance company payment = Claim amount x Coinsurance percentage
= $7,600 x 93.07%
= $7,066.92.
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The insurance company would pay $7,056.74 on a $7,600 claim for Carissa's underinsured home. The remaining $543.26 would be Carissa's responsibility to cover.
To calculate the amount that the insurance company would pay on a $7,600 claim for Carissa's home, we first need to determine if the current insurance coverage meets the 80 percent coinsurance provision requirement.
The 80 percent coinsurance provision means that Carissa must insure her home for at least 80 percent of its replacement cost value. In this case, Carissa's home is insured for $105,000, which is less than 80 percent of its replacement cost value of $141,000. As a result, Carissa's home is considered to be underinsured.
To determine the amount that the insurance company would pay on a $7,600 claim for Carissa's underinsured home, we need to use the following formula:
Amount of insurance carried / Amount of insurance required x Amount of loss = Payment amount
In this case, the amount of insurance carried is $105,000, the amount of insurance required is $141,000 x 0.8 = $112,800, and the amount of loss is $7,600.
Plugging in these values to the formula, we get:
$105,000 / $112,800 x $7,600 = $7,056.74
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hi i need help plz its
Answers
16-1 CASE STUDY pp. 537-540UNITED STATES FREIGHT GROUP:When does childish behavior become a harassment issue? At what pointdoes one's practical jokes or intimidating actions toward one employeeimpact all employees?Visit the Occupational Safety andHealth Administration's website and review the agency's "Fact Sheet"onworkplaceviolence(http://www.osha.gov/OshDoc/data_General_Facts/factsheetwork-place-violence.pdf (Links to an external site.))What kind of policy statement and/or plan should the company include in itsoverall policy and procedures manual to avoid violence in theworkplace? What type of training should the company provideallemployees on this issue?
Answers
In order to address the issue of workplace harassment and prevent violence, the company should include a comprehensive policy statement and plan in its overall policy and procedures manual. The policy should clearly define unacceptable behavior, including both childish behavior and intimidating actions, and explicitly state that such behavior will not be tolerated. It should outline the consequences for violating the policy, which may include disciplinary actions up to and including termination.
To avoid violence in the workplace, the company should implement preventive measures such as establishing a reporting mechanism for employees to report incidents of harassment or potential violence, conducting regular risk assessments, and promoting a culture of respect and inclusivity. The policy should also outline the steps the company will take to investigate and address reported incidents promptly and confidentially.
As for training, the company should provide all employees with comprehensive training on workplace harassment, recognizing the signs of potential violence, and understanding the consequences of engaging in such behavior. This training should be mandatory for all employees and conducted regularly to ensure continued awareness and compliance. Additionally, supervisors and managers should receive specialized training on how to handle and address complaints, as well as how to create a safe and respectful work environment.
By incorporating these policies and providing the necessary training, the company can foster a culture of respect, prevent workplace violence, and create a safe and inclusive environment for all employees.
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How does financial planning help individuals?
Financial planning helps individuals to make smart
A. investments
B. insurance
C. Infrastructure
and save taxes.
A competent financial advisor will always advise their clients to
A. quantify
B. combine
C. diversify
their portfolio to reduce risks.
Answers
You are told that if you invest $11,000 per year for 23 years( all payments made at the end of each year) you will have accumulated $366,000 at the end of the period What annual rate of return is the investment offering.
Answers
Answer:
3.2%
Explanation:
this is an ordinary annuity:
future value of an ordinary annuity = annual payment x future value annuity factor
$366,000 = $11,000 x future value annuity factor
future value annuity factor = $366,000 / $11,000 = 33.2727
you can solve this in two ways:
the first is with a lot of math work in order to solve the following equation
33.2727 = [(1 + i)²³ - 1] / i
or
you can use an annuity calculator (available online) which will yield 3.2%
30 points please help!
Which of the following are NOT considered employment taxes?
a. real estate taxes
b. social security taxes
c. self-employment taxes
Answers
Answer:
B.
Explanation:
Social Security is Payroll Tax.