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
Goshia [24]
2 years ago
5

Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes he will need $500,000 to reti

re comfortably. To date, he has set aside no retirement money. If he gets an interest rate of 6% compounded annually, he will have to invest today (use the tables in the handbook):__________
Business
1 answer:
Rudik [331]2 years ago
8 0

Answer:

$116,499.15

Explanation:

To find the amount he will have to invest today, we have to find the present value of $500,000 at the 6% interest rate

PV = FV (1+r)^-n

PV = Present value

FV = Future value = $500,000

R = interest rate = 6%

N = number of years = 25

$500,000 ( 1 + 0.06) ^-25 = $116,499.15

I hope my answer helps you

You might be interested in
You are a consulting firm intern and your job is to help a client choose investment projects. Your client, RealEstate, is a youn
vredina [299]

Answer:

Project 1, 2 and 3 should be rejected.

Explanation:

This problem required us to tell which project we should not accept. To solve this we have to apply this rule that is accept the project with positive NPV.

The detail calculation are given below.

The discount factors to be used for CFO, CF1, CF2 and CF3 is 1, 0.74, 0.55 and 0.41 respectively. It is calculated by using following formula.

               DF= (1 + i)^-n (n is period and i is 35%)

So now calculating NPV of each project by multiplying cashflow with discount factor.

Project 1 = -100+ (50*0.74 ) + (50*0.55) + (50*0.41) = -15 M dollars

Project 2 = -80 + (40*0.74) + (45*0.55) + (50*0.41) = -5.15 M dollars

Project 3 = -70 + (30 *0.74) + (40*0.55) + (50*0.41) = -5.3 M dollars

Project 4 = -60 + (30 *0.74) + (40*0.55) + (60*0.41) = 8.8 M dollars

Project 5 = -50 + (25 *0.74) + (30*0.55) + (70*0.41) =  13.7 M dollars

4 0
2 years ago
Anna opened a 100-share short position in DEF stock at the bid-ask prices of 41.10-41.20. She later added another 100 shares of
melomori [17]

Answer:

Give me a quick second. Imma solve it out for you

Explanation:

Let me solve it out and help you real quick

8 0
2 years ago
Luke is going to school to get a degree in Veterinary Medicine. He wants to work in an animal hospital after he graduates. Which
Mice21 [21]

Answer:

D. Work an entry level position at a veterinary clinic

Explanation:

To become a veterinarian, get into vet school, get a job as a veterinarian, etc. You need experience. In this case, if he works a position at a veterinary clinic, he would be getting experience of what its like. He could be doing a job such as simply taking the dogs for a walk, and that would still be considered experience! So the answer would be D.

I also relate to this question a bit since I plan on going to vet school after I graduate. Hope this helps :)

4 0
1 year ago
Decide which account is best for each person. Becky wants an account that will let her spend her money as much and as often as s
Kobotan [32]

Becky wants an account that will let her spend her money as much and as often as she needs. <u>Checking Account</u>

A checking account allows a person to make as many withdrawals as may be necessary. They may or may not earn some interest on the balance.

Sanjay wants an account that will earn interest but still let him make withdrawals. <u>Interest (Dividend) Checking Accounts.</u>

Interest (Dividend) Checking Accounts offer combined features of a checking account and a savings account. The interest rate on the balance is higher than a regular checking accounts, but an individual can withdraw money without any penalties. This account requires that an individual maintain a higher minimum balance.

Neveah has some money she wants to save until she goes to college in two years. She wants an account that will earn a little more interest. <u>Savings Accounts.</u>

Savings Accounts are interest bearing accounts and designed to encourage savings. Hence, withdrawals from such accounts may not be possible until a certain pre-agreed withdrawal date. Withdrawals before the pre-agreed date attract a large amount of penalty. Such accounts are usually used to build wealth.

8 0
2 years ago
Read 2 more answers
Standard of living includes _____, which can be bought and sold.
const2013 [10]
Standard of living includes GROSS DOMESTIC PRODUCTS, which can be bought and sold.

GDP is one of the factors of standard living. However, it is not a strong indicator of the quality of life an individual is living.
7 0
2 years ago
Other questions:
  • A club sold 80 boxes of candy, some at $1.75 and some at $3.25. total revenue was $160. an appropriate equation to determine the
    6·1 answer
  • Delta diamonds uses a periodic inventory system. the company had five one-carat diamonds available for sale this year: one was p
    6·1 answer
  • The two broad categories of buying behavior are ____ and ____. a. psychological; social b. government; industrial c. consumer; p
    6·1 answer
  • Which of these technologies helps to improve employee efficiency? A. Augmented reality B. Personal information management C. Rea
    6·2 answers
  • Pharoah Company just began business and made the following four inventory purchases in June: June 1 186 units $1290 June 10 248
    7·2 answers
  • Two companies, Rothko, LLC, and Calder &amp; Co., are racing each other to be the first to apply new deep-water drilling technol
    12·1 answer
  • For 2012, Everyday Electronics reported $22.5 million on sales and $18 million of operating costs (including depreciation). The
    10·1 answer
  • 8. Hayward Industries manufactures dining chairs and tables. The following information is available: Dining ChairsTablesTotal Co
    7·1 answer
  • Dexter Mills issued 20-year bonds one year ago at a coupon rate of 10.2 percent. The bonds make semiannual payments and have a p
    10·1 answer
  • Résumé search programs often search for _____. a. nouns b. verbs c. adjectives d. participles
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!