answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pashok25 [27]
2 years ago
13

Imagine that your goal is to retire 34 years from today with \$1,000,000$1,000,000 in savings. Assuming that you currently (i.e.

, today) have \$5,000$5,000 in savings, what rate of return must you earn on that savings to hit your goal? (Hint: Solve your future value formula for the discount rate, RR) *Make sure to input all percentage answers as numeric values without symbols, and use four decimal places of precision. For example, if the answer is 6%, then enter 0.0600.
Business
1 answer:
RoseWind [281]2 years ago
6 0

Answer:

Present value after 34years = 1000000

Cash flow at present= 5000

Using

PV= CF(1+R)^t

1000000=5000(1+R)^34

R=1.169-1

R=0.168(16.8%)

You might be interested in
JJ was recently promoted to manager. Although he used to take advice from his peers, he seems no longer willing to listen to any
stich3 [128]

Answer:

B. An oversized ego.

Explanation:

An oversized ego basically depicts that JJ inability to listen to his peers, and he is no longer willing listen to his boss, and that proves he is too full of himself.

8 0
2 years ago
Read 2 more answers
Lesson 6 problem-solving practice sales tax, tips, and markup 1. skateboards inez wants to buy a skateboard but she does not kno
notsponge [240]

After you multiply 7% to 80 you will be left with 5.60, then you add 5.60 to 80 to get $85.60. So if she has any more than $85.60 then she will be able to buy the skateboard

6 0
2 years ago
Read 2 more answers
Who creates the demand for coffee shops? Who creates the demand for coffee shop employees?
katen-ka-za [31]
Us people create the demand for the shops if there are no coffee shops around we create demand for it but also if there are too many shops and not enough people the shops create a demand for new employees
3 0
2 years ago
Read 2 more answers
Lana owns a house worth $325,000 and has a mortgage of $245,000. She owns a guitar worth $750. She also owns a car worth $15,000
diamong [38]

Answer:

$96,850

Explanation:

The net worth refers to the value of all the assets owned by a person or entity minus the value of all the liabilities. In Lana's case the assets are:

House $325,000

Guitar $750

Car $15,000

Stock investments $8,000

Savings Account $2,100

Total value of assets: $350,850

Lana's Liabilities:

Mortgage $245,000

Car loans $9,000

Total value of liabilities: $254,000

So, Lana's net worth would be:

$350,850-$254,000= $96,850

8 0
2 years ago
Read 2 more answers
A college math department consisting of 9 faculty members must choose a department head, an assistant department head, and a fac
loris [4]
<span>The department consists of 9 members but they must select a department head, an assistant department head, and a faculty senate representative. So they are 3 positions to be occupied by 9 people. It can be done in nPr = n! / (n - r)! ways.
   So 9C3 ways. 9! / (9-3)! = 9! / 6! = 504 ways</span>
4 0
2 years ago
Other questions:
  • True or false: the market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.
    13·2 answers
  • Industrialization gave workers shorter working hours and time off on weekends, which allowed formore jobs per person.lower salar
    15·2 answers
  • What is the value today of $4,400 per year, at a discount rate of 8.3 percent, if the first payment is received 6 years from tod
    15·1 answer
  • Use the PACED decision-making process to make the decision for Brent. Show your work.
    13·1 answer
  • One form of online vandalism is __________, in which individuals interfere with or disrupt systems to protest the operations, po
    8·1 answer
  • ) Offensive strategic moves involve all of the following except 38) A) pursuing continuous product innovation to draw sales and
    7·1 answer
  • 2. The managerial grid only provides a framework for conceptualizing leadership
    14·1 answer
  • QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans
    10·1 answer
  • Barbara, a product manager at an organic soap manufacturing company, is supposed to interview a candidate for a new job opening
    8·1 answer
  • Helix reported the following information in its financial statements. Write-offs of accounts receivable were $200 in the current
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!