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Oliga [24]
2 years ago
10

Joe's starting salary is $80,000 per year. He plans to put 10% of his salary each year into a mutual fund. He expects his salary

to increase by 5% per year for the next 30 years, and then retire. If the mutual fund will average 7% annually over the course of his career, how much money will he have to retire on?
Business
1 answer:
Lana71 [14]2 years ago
3 0

Answer:

FV= $1,930,661.48

Explanation:

Giving the following information:

Joe's starting salary is $80,000 per year. He plans to put 10% of his salary each year into a mutual fund. He expects his salary to increase by 5% per year for the next 30 years, and then retire. If the mutual fund will average 7% annually

We need to use the following formula:

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

A= annual deposit

FV= {8000*[(1.12^30)-1]}/0.12= $1,930,661.48

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Fiesta28 [93]

Answer:

Option A

Make the logistics function more complicated

Explanation:

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The just-in-time (JIT) inventory system is a management strategy where warehousing of parts is minimum. Rather, the raw material supply is aligned accurately with the production schedule of a particular good.

For example, in car production, the various car parts are supplied by various manufacturers at just the right time so they can be assembled to make up the car in the assembly line. The car assembly companies may not necessarily have to store raw materials in their ware house since the raw materials arrive "Just in time".

However, aligning the supply of raw materials accurately with production time, is a complicated task especially when a lot of manufacturers are involved and can need to plant down time if care is not taken. This makes the logistics function more complicated.

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2 years ago
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Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your reco
Alex787 [66]

Answer: first one

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ikadub [295]

Answer:

The correct answer is the option C: the product is now relatively more expensive than it was before.

Explanation:

To begin with, the <em>substitution effect</em> is the term that, in economics, refers to the situation where a products or services increase or decrease its value in comparison with other and therefore it causes a substitution from the consumer regarding that change in the price.

Secondly, in the case where a product increases its price the substitution effect will cause that the consumer decides to purchase other products due to the fact that the first product is now relatively more expensive than it was before and therefore a substitution of the good takes place.

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To move forward in an automatic transmission vehicle, shift to _____. A. Park B. Reverse C. Neutral D. Drive
EleoNora [17]

Answer:

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Explanation:

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6 0
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