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ololo11 [35]
2 years ago
15

Daryl wishes to save money to provide for his retirement. He is now 30 years old and will be

Business
1 answer:
katovenus [111]2 years ago
4 0

Answer:

The answer is $138.92

Explanation:

Solution

Given that:

Daryl today's Age = 30

The Retirement Age = 64

The Total Monthly Deposits = ( 64 - 30 ) * 12 = 408

Now,

In case of 12% Compounded Monthly , Interest Rate per month = ( 12% / 12 ) = 1%

Then,

The Effective Interest Rate per year = ( 1 + 0.12/12 )12 - 1 = 1.1268 - 1 = 0.1268 = 12.68%

So,

The Present value of Annual 25 Years withdrawal of $100,000 at time of Retirement = $100,000 * PVAF ( 12.68% , 25 )

= $100,000 * 7.4864

= $748,642.20

The Present Value of Money for nephew at time of Retirement = $1,000,000 * PVF ( 12.68% , 25 )

= $1,000,000 * 0.050535

= $50,534.52

Now

The Present Value of total Amount Required at time of Retirement = $748,642.20 + $50,534.52

= $799,176.70

Now

The monthly deposit be X

Which is,

= X * FVAF ( 408 , 1% ) = $799,176.70

= X * 5752.85 = $799,176.70

X = $138.918

Therefore, Monthly Deposit  for his retirement plan is = $138.92

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Andru [333]

Answer:

North Park $13,000 $16,000 N

Upper River Beach 6,000 8,000  Y

South Shore 29,000 30,000  Y

Green Creek 900 1,300 N

Explanation:

The cleanup will happen in the area where the marginal benefit is more than the marginal cost. the North park will not be cleaned up. River beach will be cleaned Up. South shore will be cleaned up. Green creak will not be cleaned up.

3 0
2 years ago
Annie invested in a set of stocks and made $4,000 in profit. She has learned that she will have to pay taxes on the profit she h
Temka [501]
State tax is 5%, so 0,05
0,05•4000=200$

Federal tax is 25% so 0,25
0,25•4000=1000$

Total of taxes to pay =1000+200=1200$

So the real profit will be
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The real value of Annie's profit is 3800$



8 0
2 years ago
Read 2 more answers
In the case of dormant cracks wider than about 1m, it is more economical to use ____________
Bad White [126]

Answer:

B. Grouting

Explanation:

These are the options for the question;

A. Epoxy resin

B. Grouting

C. Tensioning

D. Ranging

In the case of dormant cracks wider than about 1m, it is more economical to use grouting method.

Grouting techniques is a techniques that is achieved by removal of dirt or unwanted substance from the crack of the the faulty part and then grouting of the crack after which the surface is sealed by sealants. It should be noted that grouting is economical than other methods such as surface treatment.

8 0
2 years ago
Spiros is a member of the production design team on a science fiction film called The Future Begins Yesterday. It is a big budge
LiRa [457]

Answer:

A. make Spiros responsible for sourcing wall hangings and window treatments only

Explanation:

Process loss can be said to be an action or deficiency in performance by an individual that prevents a team or group from reaching its potential or achieving its goal within a stipulated time.

The two main factors that contribute to process loss are:

i) Coordination loss: Here, there is too much wait time among all members of the group. Members must coordinate their individual tasks and that of other group members. Too much time is lost here because individuals efficiency differs.

ii) Motivational loss: This happens when individuals of a grouo fail to work as hard as they should. Some individuals may tend to put lesser efforts than their team members, and this leads to loss of team effectiveness in the given task and it affects the results of the group.

Here, Spiro's problem is related to motivational loss, as his efforts do not match that of his teammates'.

There are steps used in addressing process loss.

The best way for Marsha to address spiros' behavior is to make Spiros's task more discrete and identifiable, this involves making Spiro solo responsible for sourcing wall hangings and window treatments only. This will ensure Spiro does not depend on other teammates and he has a solo responsibility which he must fulfill.

8 0
2 years ago
Lassen Corporation sold a machine to a machine dealer for $24,000. Lassen bought the machine for $52,000 and has claimed $20,500
tangare [24]

Answer:

Gain/loss= $7,500 loss

Explanation:

Giving the following information:

Selling price= $24,000.

Lassen bought the machine for $52,000 and has claimed $20,500 of depreciation expense on the machine

First, we need to calculate the book value:

Book value= original price - accumulated depreciation

Book value= 52,000 - 20,500= $31,500

If the selling price is higher than the book value, the company gain from the sale.

Gain/loss= 24,000 - 31,500= $7,500 loss

8 0
2 years ago
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