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Molodets [167]
2 years ago
11

Mr. Hopper expects to retire in 30 years, and he wishes to accumulate $1,000,000 in his retirement fund by that time. If the int

erest rate is 12 percent per year, how much should Mr. Hopper put into his retirement fund at the end of each year in order to achieve this goal? a) $8,287.32 b) $12,483.17 c) $4,143.66 d) $4,000.00
Business
1 answer:
larisa86 [58]2 years ago
7 0

Answer:

Annual payment = $4,143.66 (Approx)

Explanation:

Given:

P = $1,000,000

r = 12% = 0.12

n = 30

Find:

Annual payment

Computation:

Annual\ payment=P[\frac{(1+r)^n-1}{r} ] \\\\Annual\ payment=1,000,000[\frac{(1+0.12)^{30}-1}{0.12} ] \\\\ Annual\ payment=4143.66

Annual payment = $4,143.66 (Approx)

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Hsung Company accumulates the following data concerning a proposed capital investment: cash cost $175,846, net annual cash flows
Luba_88 [7]

Answer:

11400

the investment should be made because NPV is positive

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV =( Net annual cash flows x present value factor)  - cost

(37300 x 5,02 ) - $175,846 = 11400

5 0
2 years ago
Q: Lisa sells 10 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $70. In
bija089 [108]

Answer:

Accounting Profit = $100

Economic profit = $80

Explanation:

Given that

Sales = 10

Cost = $10

The calculation of accounting profit and economic profit is shown below:-

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For calculating accounting profit we simply multiply sales with costs.

Economic profit = Accounting profit - Opportunity cost

= $100 - 2 × $10

= $80

For calculating the economic profit we simply deduct the opportunity cost from accounting profit.

5 0
1 year ago
True or False: Using specific position titles in ICS helps to describe the responsibilities of the position.
Mila [183]

Answer:

True

Explanation:Using specific position titles in ICS helps to describe the responsibilities of the position.

5 0
2 years ago
Read 2 more answers
When Mayo Clinic conducted its analysis during the 1980s, what two segments of the general environment did it initially focus on
Georgia [21]

Answer: a. Demographic and Economic .

Explanation:

In Mayor's clinic analysis of the future, it was stated that both the economic and demographic trends looked bleak.

6 0
1 year ago
It is March 31, 2014. What is EBay’s latest available actual share count? Please provide your answer without comma separator or
Alexxx [7]

Answer:

  1267342622

Explanation:

According to the Form 10-Q filed by eBay Inc. with the SEC for the quarter ending March 31, 2014, ...

  "As of April 25, 2014, there were 1,267,342,622 shares of the registrant's common stock, $0.001 par value, outstanding."

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