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dexar [7]
2 years ago
14

Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she will need to have $3,00

0,000 in her retirement savings account in order to live comfortably. Mary currently has no retirement savings, and her investments will earn 4% annually.
a. How much must she deposit into her account at the end of each of the next 40 years to meet her retirement savings goal?
Business
1 answer:
Marina86 [1]2 years ago
6 0

Answer:

Annual deposit= $31,570.47

Explanation:

Giving the following information:

She has determined that she will need to have $3,000,000 in her retirement savings account.

Her investments will earn 4% annually.

To calculate the annual deposit we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (3,000,000*0.04)/[(1.04^40)-1]= $31,570.47

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Answer:

Considering the allocate fixed cost, it would not be a good option.

It will generate a financial disadvantage of 22,950

Explanation:

\left[\begin{array}{cccc}&produce&buy&Differential\\Purchase&&282,600&-282,600\\Variable Cost&270,000&&270,000\\Fixed Cost&68,400&32,850&-35,550\\Total Cost&338,400&315,450&-22,950\\\end{array}\right]

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But 32,850 would not.

Considering this, it would not be a good option to stop the assembly line and purchase the component

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2 years ago
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Answer: $184.34 

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$184.34 is the best answer because it is the last he wrote and the discrepancy of 0.17 may be due to some bank charges Bess had not recorded.

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Answer:

Individual rewards for contributions to the team

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A team should share rewards among themselves not to individuals, because effective teams are made of collaborators not competitors. By giving individual rewards for contributions to the team it reduces how effective the team behavior is.

For example, if a particular team is giving certain rights over others, there may begin to exist a competitive spirit amongst the team.

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