You want to have $150,000 in your retirement account when you retire in 30 years. Your retirement account earns 7% interest. How much do you need to deposit each month to meet your retirement goal

Answers

Answer 1

To meet your retirement goal of $150,000 in 30 years with a 7% interest rate, you need to deposit approximately $258.67 each month into your retirement account.

To calculate the monthly deposit needed to meet your retirement goal, we can use the future value of an ordinary annuity formula:

Future Value = Payment × [(1 + Interest Rate)^Number of Periods - 1] / Interest Rate

Given:

Desired future value (retirement goal) = $150,000

Interest rate = 7% per year

Number of periods = 30 years

Let's calculate the monthly payment:

Interest rate per period = 7% / 12 (since we're calculating monthly payments)

Number of periods = 30 years × 12 (since we're calculating monthly payments)

Using the formula:

$150,000 = Payment × [(1 + 0.07/12)^(30*12) - 1] / (0.07/12)

Solving for Payment:

Payment ≈ $258.6

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Related Questions

Who owns the factors of production?

Answers

Answer: factors of production, such as land and capital, is owned by workers.

hope this helped ;)

Classifying products in categories helps marketers decide how to a product.a. Trueb. False

Answers

True. Classifying products in categories helps marketers decide how to identify a product.

What is product classification?

Product categorization is a phrase used in marketing and business to group items according to how and why customers buy them. These distinctions may alter how businesses advertise their goods and may have an impact on other sales-related factors like price and distribution.

Depending on their tangibility and durability, products are categorized as non-durable, durable, and services.

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In 2007, the national public high school _____ rate was 74.7 percent.


crime

graduation

credit

population

Answers

Answer:

graduation

Explanation:

Answer:

Graduation

Explanation:

edge2021

for dropout it was 25.3 percent.

Q/18
Which of the following is an account that ends up on the balance
sheet once the closing process has been completed?
a. Service revenue
b. Supplies expense
c. Depreciation expense
d. Unearned serv

Answers

The account that ends up on the balance sheet after the closing process is completed is d. Unearned service revenue.

Once the closing process is finished, unearned service revenue will appear on the balance sheet. Unearned service revenue is a liability account that represents advance payments made by customers for services that have not yet been provided.

As the services are performed, the revenue is recognized and transferred from the unearned service revenue account to the revenue account on the income statement.

This process ensures that only earned revenue is reflected on the income statement. After the closing process, the balance sheet will show the remaining unearned service revenue as a liability, representing the obligation to provide the services for which payment has been received.

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To change gross income, someone would need to

save more per month.
reduce deductions.
earn more money.
increase with holdings.

Answers

Answer:

i need that one too

Explanation:

considering the audience, purpose, and context, which negative news strategy is appropriate here and why? a.the direct strategy is best because the news comes from the ceo who has the power to make policy changes. b.the message should be indirect because the ceo needs goodwill, and the bad news will be disappointing to many team members. c.either the direct or the indirect strategy would work because unfavorable new

Answers

By considering the audience, purpose, and context, the negative news strategy is appropriate here is the direct strategy is best because the news comes from the CEO who has the power to make policy changes. (option a).

In the given scenario, where the CEO has the power to make policy changes, it may be appropriate to use the direct news strategy.

This is because the CEO's position of authority gives them the power to make policy changes that can mitigate the negative impact of the news.

Using a direct strategy would allow the CEO to clearly communicate the changes and demonstrate their commitment to addressing the issue.

Ultimately, the choice between direct and indirect news strategies will depend on a variety of factors, including the specific situation, the audience, and the desired outcome. It's important to carefully consider these factors before deciding which strategy to use in order to ensure that the news is communicated effectively and efficiently.

Hence the correct option is (c).

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Rex's wrecks purchased $1,650,000 in new equipment (7 year property) during 2021. rex wants to use section 179 to expense the maximum amount of the purchase. assuming no limitations due to net income restrictions, rex can expense $

Answers

Rex want to deduct the whole cost of the transaction under Section 179. Assuming no limits owing to net income, Rex can deduct $1,040,000; $610,000; and $0 as follows.Hence, the correct answer is $1,040,000; $610,000; $0

What qualifies for a 179 deduction?

Section 179 is a federal provision that permits small businesses to deduct the cost of certain fixed assets immediately. Using Section 179 can give a tax break for small business owners.

Section 179 permits companies to deduct the whole cost of an item in the year it is made.Section 179 is intended to help small and medium-sized enterprises.To optimize deductions, bonus depreciation might be used with Section 179.This post is intended for company owners and professionals interested in learning more about Section 179 deductions and how they function.

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Rex's wrecks purchased $1,650,000 in new equipment (7 year property) during 2021. rex wants to use section

Two angles are supplementary. The larger angle is 54

more than the smaller angle. Find the measures of both angles in degrees.
Smaller angle
Larger angle

Answers

Supplementary angles are two angles that add up to 180 degrees. Given, two angles are supplementary, and the larger angle is 54° more than the smaller angle.

Let's take the smaller angle as x.So, the larger angle will be x + 54. As per the statement, these two angles are supplementary, and they add up to 180 degrees.

Hence, we can form the equation asx + (x + 54) = 180Solving the above equation,x + x + 54 = 1802x + 54 = 1802x = 126x = 63So, the smaller angle will be 63°.

Now, let's calculate the larger angle.x + 54 = 63 + 54 = 117The larger angle will be 117°.

Hence, the measures of both angles in degrees are:Smaller angle = 63°Larger angle = 117°.

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Please help with all 3 bullet points
You have been invited to speak to a group of Managers at Paychex about increasing the business’s commitment to improved employee health benefits by increasing the opportunity to work remotely.
How will you appeal to their pathos?
How will you appeal to their ethos?
How will you appeal to their logos?

Answers

To appeal to the managers' pathos, I would emphasize the positive impact of remote work on employees' well-being, work-life balance and overall happiness.

How can remote work benefit employees' well-being and happiness?

As managers, we must recognize the profound influence of employee well-being on their productivity and loyalty. By increasing the opportunity of work remotely, we offer employees a better work-life balance and flexibility.

This lead to reduced stress levels, increased job satisfaction and improved mental health. Remote work allows employees to save commuting time, spend more quality time with their families and achieve a greater sense of control over their lives.

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Gem Company's manufacturing facility was destroyed by a flood. The facility's adjusted basis was $665,000, and Gem received an $850,000 insurance reimbursement. Within 18 months of the flood, Gem rebuilt the facility at a total cost of $975,000. Which is Gem's basis in the new facility

Answers

Gem's basis in the new facility will be $790,000.

Gem Company's basis in the new facility would be $975,000. This is because the insurance reimbursement of $850,000 received by Gem is considered as a gain or income.

First, Gem needs to reduce the adjusted basis of the destroyed facility by the amount of the insurance reimbursement:

$665,000 - $850,000 = -$185,000 (this is a loss)

Next, Gem needs to add the cost of rebuilding the facility:

-$185,000 + $975,000 = $790,000

So, Gem's basis in the new facility is $790,000.

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What type of loan uses real estate for security?
A point of sale
A line of credit
. A disclaimer (it’s not disclaimer)
A second mortgage

Answers

Answer:

A second mortgage loan uses real estate for security

prime factorization of 1624​

Answers

Answer:

1624 = 2, 4, 8, 7, 56, 29, 1624 divided by 2, 2, 2, 7, 29

Explanation:

start by dividing the number by the first prime number which is 2.and continue dividing. only can divide by prime numbers since it's prime factorization.

Can you write a case study about one topic of finance and should be either real application or you can make up reasonable values for parameters when you are not able to get real data.
A body that is 4-6 pages of text but this could vary with topic. The final page count
does not include graphs or figures.
Double spaced, 1" margins all around, 12-pt font.
1- The paper contains:
a. Background information about the topic and motivates why it is important.
b. Brief conclusion summarizing key points.

Answers

This case study explores the role and significance of financial technology (fintech) in revolutionizing payment systems. It provides background information on fintech, its applications, and the motivations behind its growing importance in the financial industry.

Introduction: The rapid advancement of technology has significantly impacted various sectors, including finance. Fintech, a term used to describe innovative financial technologies, has gained significant attention in recent years. This case study aims to shed light on the impact of fintech on payment systems, exploring its potential benefits and challenges.

Background and Importance: The case study begins by providing a comprehensive overview of fintech and its applications in the financial industry. It highlights the key motivations behind the increasing importance of fintech in payment systems, such as the need for faster and more secure transactions, increased accessibility for underserved populations, and cost efficiencies for businesses. By examining real-world examples and incorporating reasonable parameter values, the study illustrates the practical implications of fintech adoption.

Benefits and Challenges: The case study discusses the various benefits associated with fintech adoption in payment systems. These include improved transaction speed, reduced costs, enhanced security through advanced encryption techniques, and increased financial inclusion through mobile payment solutions. Additionally, it explores the potential challenges, such as regulatory concerns, data privacy issues, and the need for infrastructure development to support fintech innovations.

Conclusion: In conclusion, this case study highlights the transformative impact of fintech on payment systems. By leveraging technology, fintech has the potential to revolutionize financial transactions, making them faster, more accessible, and secure. However, it also acknowledges the challenges that arise with fintech adoption and emphasizes the importance of striking a balance between innovation and regulatory oversight. Overall, the case study underscores the significance of fintech in shaping the future of payment systems and encourages further exploration of this dynamic field.

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What threatens workers of the future?

( 1 )
Natural Disasters

(2)
Technological Change

(3)
Big Business

Answers

In my opinion

Technological change: a threat to workers

Answer:

I feel that all of them threaten workers of the future, but I would say that Big Business, number 3 is the most relevant in this scenario.

Which of the following statements about corporate culture is true A. Corporate culture evolves over time B. Corporate culture is intangible C. Corporate culture is based on the accumulated history of the organization D.Corporate culture can have a strong impact on a company's success E. All the above

Answers

Answer: All of the above

Explanation:

Corporate culture simply refers to the beliefs, customs and the attitudes that is shared in s particular company. It should be noted that the corporate culture shapes the behaviors of employees in an organization.

It helps in guiding the behaviors of workers and they can either be unwritten rules or those that are documented. They can be based in an organization's history and can evolve with time.

Corporate culture is intangible and can have a strong impact on the company's success. Therefore, the answer to the question is All of the above.

Name 4 things you can buy insurance for?

Answers

Answer:

Weather, Car, house, and appliances.

Explanation:

Its simple

Car Insurance.
Home Insurance.
Life Insurance.
Disability Insurance.
Health Insurance.

What is Lifestyle?
Why is it important?
Give me a real life example?

Business ​

Answers

Lifestyle is the way in which a person or group lives. It is important because it is how you live your life day to day, lifestyle could be your diet or what you do in a day.

similarities between single column cash book and double column cash book

Answers

Answer:

Both single column cash book and double column cash book are similar because they both record cash payments

Explanation:

A cash book is a book or journal used to record all business transactions within a particular period like receipts, disbursements, bank deposits and bank withdrawals. They are different cash books namely: single column cash book, double column cash book and triple column cash book.

A single column cash book is used to record payments in form of cash while a double column cash book records both cash payments as well as bank transactions.

Both single column cash book and double column cash book are similar because they both record cash payments

Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.​

Answers

Explanation:

to eliminate their best efforts in the company

Answer:

"bureaucratic barriers"

Explanation:

i got it right on plato

when asked about the size of a home, the sales associate quoted the home as containing 5,300 square feet of living area. in reality the home was only 4,300 square feet. this is an example of which fraudulent activity?

Answers

The correct option is B, This is an example of Misrepresentation fraudulent activity.

Misrepresentation refers to a false or misleading statement or representation made by one party to another with the intention of inducing them into a contract. This can be in the form of verbal or written statements, advertisements, or even conduct that misleads the other party into believing something that is not true.

Misrepresentation can occur in many aspects of business, such as the sale of goods or services, the promotion of investments, or the recruitment of employees. The impact of misrepresentation can be significant, causing financial losses, damage to reputation, or even legal action. To prevent misrepresentation, it is important to seek out accurate and trustworthy information, make sure to clarify any misunderstandings, and seek legal advice if necessary.

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Complete Question: -

When asked about the size of a home, the sales associate quoted the home as containing 5,300 square feet of living area. In reality the home was only 4,300 square feet. This is an example of which fraudulent activity?

(a) Exaggeration

(b) Misrepresentation

(c) Failure to account

(d) Concealment

Cheree, Inc.'s cost of goods sold for the year is $1,250,000, and the average merchandise inventory for the year is $57,000. Calculate the number of days' sales in inventory for the company. (Use 365 days for any calculations.) A. 13.68 days OB. 21.93 days OC. 8.21 days D. 16.64 days

Answers

number of days' sales in cost for Cheree, Inc. is 16.64 days. Option D is correct.

The number of days' sales in inventory for Cheree, Inc. is 16.64 days.Days' sales in inventory is a measure of how quickly a company's inventory is sold. It's used to calculate the number of days it takes for a company to convert its inventory into sales

.Days' sales in inventory is calculated using the following formula:DAYS’ SALES IN INVENTORY = (Inventory ÷ Cost of goods sold) x 365

Where,Inventory = average inventory or closing inventoryCost of goods sold = total cost of goods sold365 = days in a year

Given,Cheree, Inc.'s cost of goods sold for the year is $1,250,000 and the average merchandise inventory for the year is $57,000.

Number of days' sales in inventory can be calculated as,DAYS’ SALES IN INVENTORY = (Inventory ÷ Cost of goods sold) x 365

Putting the values, we get,DAYS’ SALES IN INVENTORY = ($57,000 ÷ $1,250,000) x 365DAYS’ SALES IN INVENTORY = 0.0456 x 365

DAYS’ SALES IN INVENTORY = 16.64

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A company that was the leading supplier of home water filtration systems had a network of sales promoters who were under contract for two- or three-year terms and were compensated solely by commissions earned from sales and by occasional bonuses. Veteran promoters also earned commissions by recruiting other promoters for the company. One of the company's veteran promoters was contacted by a former top sales representative for another manufacturer who was looking for similar sales opportunities in the region. The sales rep knew that the promoter might be able to get her a position with his company, which was looking for additional promoters. At the time he met with the sales rep, the promoter's contract with the company had one more month to run. When the promoter's contract with the company expired, he announced that he was forming his own business to market a different line of water filtration systems manufactured by a competitor of the company, and that the sales rep would be in charge of his promotional network. The company brought an action against the promoter for interference with business relations for hiring the sales rep. At a preliminary hearing, the parties stipulated to the above facts and that the promoter was an independent contractor rather than an employee of the company. The promoter then filed a motion for a summary judgment in his favor. Should the court grant the promoter's motion

Answers

No, since the jury might conclude that the promoter's methods for obtaining the sales rep were not protected by a privilege.

Privilege protection: what is it?

The secrecy of communications between two parties, who the law recognizes as being entitled to a private, protected connection, is safeguarded by privileged communication.

Are privileged and confidential the same thing?

Confidentiality is the obligation to safeguard another person's disclosure preferences. A legal principle known as privilege forbids the revealing of private information without the consent of the subject.

What is a privilege claim?

Privilege assertions must be made question by question or document by document. Generalizations are not preferred. Because the privilege must be objected to as soon as possible or the claim is waived, it is typically raised during discovery prior to trial.

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what is the law of demand and supply


Answers

Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.

Explanation:

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 on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?

Answers

Answer:

$31.25

Explanation:

40 hours a week x 4 weeks a month = 160 hours of work per month

$5,000 divided by 160 = $31.25

When both short-run aggregate supply and aggregate demand increase, which of the following can be said for certain?
A. The price level rises, but real GDP falls.
B. Both the price level and real GDP rise.
C. The price level rises, but the change in real GDP is uncertain.
D. The price level falls, but real GDP rises.
E. Real GDP rises, but the change in the price level is uncertain.www.crackap.com
---------------------
Source Url:https://www.crackap.com/ap/macroeconomics/test35.html

Answers

Option C) The price level rises, but the change in real GDP is uncertain.

When both short-run aggregate supply and aggregate demand increase, the impact on the price level can be determined with more certainty than the change in real GDP.

An increase in short-run aggregate supply implies that the number of goods and services supplied in the economy at each price level increases. This would typically result in a decrease in the price level. On the other hand, an increase in aggregate demand indicates that the total spending on goods and services in the economy increases, which can lead to an increase in the price level.

The change in real GDP, however, is uncertain because it depends on the relative magnitude of the increase in aggregate demand compared to the increase in short-run aggregate supply. If the increase in aggregate demand is larger, it can lead to both an increase in the price level and an increase in real GDP. However, if the increase in short-run aggregate supply is larger, it may offset or dampen the impact of aggregate demand on real GDP.

Therefore, the most certain outcome in this scenario is that the price level will rise, but the change in real GDP is uncertain, making option C the correct answer.

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Adya, a media planner, switches to a new job at her company that involves more responsibility and an increase in compensation. This transition would typically be considered

Answers

The transition of Adya involves more responsibility and an increase in compensation and is known as a promotion.

What is a promotion?

A promotion at workplace simply involves a step up the ladder and a increase on responsibility at the workplace.

In this case, the transition of Adya involves more responsibility and an increase in compensation and is known as a promotion

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Who is the group of people MOST likely to purchase a company's products?
O A.marketing mix
О в.target market
O C.primary audience
O D. advertising audience

Answers

Option B is correct.A target/goal market is a crew of customers with shared demographics who have been recognized as the most likely buyers of a company's product or service.

Why is goal market important?

Having the right target market helps you decide where to find practicable purchasers who are looking for what you have to offer. If you have a target market, you know where to concentrate your advertising and marketing efforts and what to provide that is compelling and properly received.

For example, a children's toy may additionally have boys a while 9–11 as the target market and the boys' mother and father as the target audience. It may additionally also be defined as the consumer segment most likely to be influenced through an advertising campaign. The target market is also awesome from the buyer persona.

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Use this completely fictitious S-D table to answer the questions: Demand for apples Price per pound $0.50 7,500 6,500 $1 5,500 $1.50 4,500 $2 3,500 $2.50 2,500 $3 1,500 $3.50 Supply of apples 1,000 1,

Answers

The equilibrium price is $2 per pound, the equilibrium quantity is 1,900 pounds, and the total revenue at the equilibrium is $3,800.

To find the equilibrium price and quantity, we need to identify the point where the quantity demanded equals the quantity supplied. In other words, it's where the demand and supply curves intersect.

From the given S-D table, we can determine the equilibrium price and quantity as follows:

Price per pound: $2 (where quantity demanded equals quantity supplied)

Quantity: 1,900 pounds (the corresponding quantity at the equilibrium price)

To calculate the total revenue at the equilibrium, we multiply the equilibrium price by the equilibrium quantity:

Total Revenue = Price per pound * Quantity

Total Revenue = $2 * 1,900 pounds

Total Revenue = $3,800

Therefore, at the equilibrium, the price is $2 per pound, the quantity is 1,900 pounds, and the total revenue is $3,800.

The complete question must be:

Use this completely fictitious S-D table to answer the questions: Demand for apples Price per pound $0.50 7,500 6,500 $1 5,500 $1.50 4,500 $2 3,500 $2.50 2,500 $3 1,500 $3.50 Supply of apples 1,000 1,300 1,600 1,900 2,200 2,500 2,800 a) Find the equilibrium price and quantity and calculate total revenue at the equilibrium.

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how are you a vital part of a successful economy​

Answers

Answer:

see below

Explanation:

Individuals have critical roles to play in a successful economy.  As a contributor to the economy, my roles include

1. Consumption

Consumer spending is vital to the success of the economy. Goods and services are produced for sales. Individuals, including myself, are the market to these products. An increase in consumer spending increases the aggregate demand, which increases production leading to more economic growth.

2. Labor

Labor is the human effort in the production process. People contribute skills, energy, and time to make goods and services available in the market. Without the labor input, there would be no production, which will lead to the economy's collapse.

Other ways that humans contribute to the economy's success are through entrepreneurship and paying taxes.

Below is a list of goods and services you purchased in the last month. Which of the follow would not be added to the year's GDP? a) purchasing a new textbook for class b) paying for gym membership c) buying a used computer d) buying new tires for your car

Answers

The purchase of a used computer would not be added to the

year's GDP.

GDP (Gross Domestic Product) is a measure of the value of all goods and services produced within a country during a specific time period (usually a year). It includes only the market value of final goods and services produced and sold within the country's borders.

In the given list of purchases, items (a), (b), and (d) are all examples of final goods or services that are produced and sold in the market, and therefore would be included in the calculation of GDP.

However, the purchase of a used computer is not a new good or service produced and sold within the year, but rather a transfer of ownership of an existing good. As such, it is not included in the calculation of GDP.

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