you want to have $2.6 million when you retire in 40 years. you feel that you can save $420 per month until you retire. what apr do you have to earn in order to achieve your goal?

Answers

Answer 1

The APR that the individual has to earn to achieve their goal is 6.208%.

The terms that will be included in the answer to the question "You want to have $2.6 million when you retire in 40 years. You feel that you can save $420 per month until you retire. What APR do you have to earn in order to achieve your goal?" are Retirement, APR and Saving.

Formula to find out how much the individual has to save to achieve their desired retirement income is given by:FV = PMT [(1+i)n – 1]/iWhere:FV = future valuePMT = payment per periodi = interest rate per periodn = number of periodsIn the given question, FV =$2,600,000PMT = $420n = 40 (years).

We have to find i. Therefore, we will use the formula for calculating i as:i = [FV / PMT(1+n)]^(1/n) -1i = [2,600,000 / (420 * 12 * 40 + 420)]^(1/480) - 1i = 0.005173.Now, convert the interest rate to APR:APR = i * 12APR = 0.005173 * 12APR = 0.06208 or 6.208%.

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Answer 2
Final answer:

To determine the annual percentage rate (APR) necessary to reach a retirement goal of $2.6 million in 40 years with monthly savings of $420, use the future value of an annuity formula and solve for the unknown APR.

Explanation:

To achieve your retirement goal of $2.6 million in 40 years by saving $420 per month, you would need to figure out the annual percentage rate (APR) required. Let's use the future value of an annuity formula FV = PMT * [(1 + r/n)^(nt) - 1] / (r/n), where:

FV = Future Value ($2,600,000)PMT = Annuity payment ($420 * 12)r = annual interest rate (Unknown, that's what we are trying to find)n = number of compounding periods per year (assume 12 if compounded monthly)t = number of years (40)

By plugging the values into the formula and solving for r, we can determine the APR necessary to achieve your retirement goal.

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Related Questions

According to the lesson, texas ranks _____ highest in the country for unemployment rate.

Answers

Answer:

The answer should be 9th

Explanation:

texas ranks 9th highest in the country for unemployment rate.

Early on in an amortized loan the interest portion of each payment is typically ______ than the principle portion. Towards the end of the loan term the interest portion of each payment is typically ______ than the principle portion. This is because the principle remaining _______ over the life of the loan. A) less / greater / increases B) greater / less / increases C) greater / less / decreases D) less / greater / decreases

Answers

Answer:

C

Explanation:

An amortized loan is a form of loan which the principle together with the accrued interest component is gradually written off over an agreed period of time at a specified rate.An equal amount is regularly paid over the extended period.

The interest component of an amortized loan is firstly settled before considering the principle amount , which makes the interest component to be higher that the principle at the initial stages. This process leads to a reduction in the volume of the principle balance with time . Moreover , as the principle reduces with time , the interest expenses also reduces , and it eventually gets to a point where the principle component of repayment becomes greater.

My small business startup for eCommerce web site, Through this platform we will sell and rent wedding dresses basically which are the first copy of any brand or customized.

1.- Identify a critical business problem for your organization that might be solved by IT Program or give me other recommendations.

2. implementation of new technologies, business policies or operational procedures. However, promising new technology approaches and procedural changes need to be considered carefully before implementation in an enterprise.

Answers

Critical business problem: Inventory Management

One critical business problem that your eCommerce startup may face is efficient inventory management. With a wide range of wedding dresses available for sale and rent, it can be challenging to keep track of inventory levels, sizes, styles, and availability\]

. This can lead to issues such as overselling, stockouts, and customer dissatisfaction. Implementing an IT program or solution can help solve this problem by providing a centralized inventory management system.

Recommendation: Implement a robust Inventory Management System

Consider implementing an inventory management system specifically designed for eCommerce businesses. This system should have features such as real-time inventory tracking, automated stock alerts, barcode scanning, and integration with your eCommerce platform. It will enable you to efficiently manage your inventory, update stock levels automatically, and prevent overselling or stockouts. By having accurate and up-to-date inventory information, you can provide customers with accurate product availability and ensure smooth operations.

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Do u have a mil what would u do wit it
how would u invest

Answers

Answer:

I would save a quarter of it for university, I would pay off and debt then I would invest in shares and donate to charity. also buy a car.

Explanation:

this is a personal based question so it's what you would spend the mil on. this is what I would spend it on.

What is it called when you are able to touch and feel a product?

Answers

Product assault, stop this it goes against their rights

characteristics of competitive markets?

Answers

A perfectly competitive market has the following characteristics:

There are many buyers and sellers in the market.

Each company makes a similar product.

Buyers and sellers have access to perfect information about price.

There are no transaction costs.

There are no barriers to entry into or exit from the market.

PLEASE HURRY!!!!!!!!!!!! I'M TIMED!!!!!!!!!!!!! Skylar is preparing a flyer to advertise a marketing campaign that her boss is organizing in the form of a bingo night. At first, Skylar struggled with the tone the flyer should take, but then she narrowed down the target market and realized that the people interested in the bingo night will most likely be the elderly population living in the retirement complex hosting the bingo night. Armed with this information, Skylar easily determined which details she should include in the flyer as well as how to format it. Which step of the writing process did Skylar MOST likely just complete?

Conceptualizing

Prewriting

Reviewing

Drafting

Answers

Answer:

prewriting

sorry I was late on this

If information processing was perfect, many studies conclude that individuals would tend to make __________ decisions using that information due to __________.

a. less than fully rational; behavioral biases
b. fully rational; behavioral biases
c. less than fully rational; fundamental risk
d. fully rational; fundamental risk
e. fully rational; utility maximization

Answers

Answer: a. less than fully rational; behavioral biases

Explanation:  Information processing errors consist of forecasting errors , overconfidence  and conservatism which can lead investors to misestimate the true probabilities of possible events or associated rates of return; and assuming information processing was perfect, individuals would tend to less-than-fully rational decisions due to behavioral biases as confirmed by several studies.

Based on sociological context, if information processing was perfect, many studies conclude that individuals would tend to make less than fully rational decisions using that information due to behavioral biases.

This implies that humans are generally biased in their decision-making.

Regardless of whether the information processing is perfect or not, humans only base their decisions on what they feel is right or what they believe to be true.

Hence, in this case, it is concluded that the correct answer is option A. "less than fully rational; behavioral biases."

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If an organization temporarily borrows its specialists from different functional areas to accomplish a common project, it is implementing what type of organization

Answers

Answer:

matrix organization

Explanation:

Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.

Answers

Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.

Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.

While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.

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as
Enrico waited ten years to file a cause of action against Frederico for a breach of contract claim. Frederico can use
his defense.
O insanity
O necessity
Statute of Limitations
O ignorance of the law

Answers

Answer:

Statue of limitations

Explanation:

This is for money skills. Please help

This is for money skills. Please help

Answers

Answer:

when you divide

Explanation:

​Ashton is working on a project at PowerTek Inc., a well-known multinational corporation. He is using capital budgeting to estimate the project's future cash flows. He finds that the present value of the estimated future cash flows is greater than the cost of the project. How likely is he to gain approval from the board? Group of answer choices

Answers

Answer: A. He will quite certainly gain approval since the project has a positive net present value.

Explanation:

The options are:

A. He will quite certainly gain approval since the project has a positive net present value.

B. Approval is probable but not likely as he failed to account for the time value of money.

C. He will not gain approval as he failed to consider whether the project is leading edge or not.

D. Approval is probable but not likely as the project has been constructed on estimates instead of facts.

Capital budgeting is used to know whether the long term investment for a particular organization's is actually worth investing in or not by the company.

Based on the scenario in the question, since the present value of the estimated future cash flows is greater than the cost of the project, Ashton will quite certainly gain approval since the project has a positive net present value.

you and a friend start a snow cone stand. on your first day you realize that there are really two tasks involved: cashier and snow cone maker. if you each focus on one of the two jobs, this is known as blank . multiple choice question. division of labor

Answers

The management of organisational change must be done on a larger scale than ever before given the quickly changing nature of the corporate environment today. Nonprofit executives are expected to make wiser, more strategic choices.

What is division of labor?

the division of a work process into several tasks, each of which is carried out by a different individual or group of people. The assembly line found in the majority of manufacturing facilities is an illustration of labour division. Before the product proceeds to the next station in an assembly line, each worker has a duty to perform.

The product is moved between stations while each station's employee continually completes the same duty. Specialization is the main driver of labour division. Efficiency is created when a complicated work process is divided into smaller, more manageable jobs because people become proficient in the particular duties they are given.

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five tips on how to properly manage the money saved

Answers

Set up the right bank accounts.

Take stock of your current financial situation.

Make a plan for your money.

Set the right financial goals when deciding how to manage your money.

Check in with your finances every day.

You are evaluating the quality of CPR provided by the BLS team. Which methods could you use for this evaluation

Answers

The methods that can be used during CPR evaluation include visual observation, and feedback device.

What is CPR?

It should be noted that CPR simply means cardiopulmonary resuscitation and it's used during heart attack emergencies.

In this case, the methods that can be used during CPR evaluation include visual observation, feedback device, and chest compression fraction.

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 Write a persuasive argument as an essay or blog entry to address your topic. Use a minimum of 400 words. State your claim clearly with details from reliable sources. Be sure to include

Answers

Based on writing methods and techniques, to write a persuasive argument as an essay or blog entry to address your topic, you should start by "Choosing topic you’re passionate about."

What is Persuasive Writing?

Persuasive writing is a form of writing that illustrates logical arguments into writing. It usually contains an emotional appeal to influence the readers towards a particular perspective or opinion.

Things to note when writing a Persuasive argument as an essay or blog entryUnderstand what your audience wants.Begin with a fact to hook your readers' attention.Research the both on both sides of what you agreed and disagreed on.Be empathetic in your word usage.Chip in rhetoric question to evoke interest.Emphasize your points with creativity.

Hence, in this case, it is concluded that writing a persuasive argument as an essay is more straightforward if you follow the proper steps.

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To avoid debt, a new business owner should have enough projected revenue to cover expences for the first

A) 6 months
B) year
C) 2 years
D) 5 years

⚠️THIS IS FOR SCHOOL. NO TROLL ANSWERS OR LESS YOU WILL BE REPORTED.⚠️​

Answers

Answer:

b) a year

Explanation:

You are given the following table showing the unlevered free cash flows of a firm during a three-year transition period. You are also given the following data: unlevered cost of capital =13.40% WACC=11.20% Terminal Value of firm ( at t=3)=$177,800 Calculate the unlevered value of the firm at t=0. Year 0 1 2 3
Unievered free cash flow $17.800 $28.100 $28.560
a. $234,933 b. $179.058 c. $134,933
d. $188,808
e. $165,708

Answers

The formula for the Unlevered Value of a Firm at t=0 is:PV of unlevered FCF + PV of terminal value = Unlevered Value of the Firm at t=0We have:Terminal Value at t=3 = $177,800Unlevered Cost of Capital = 13.40%WACC = 11.20%Therefore, the unlevered value of the firm at t=0 is option b. $179.058.

To calculate the Unlevered Value of the Firm at t=0, we must first calculate the present value of each year’s free cash flows by using the Unlevered Cost of Capital of 13.40%:PV of Year 0 \(FCF = $17,800 / (1 + 13.40%)^0 = $17,800PV of Year 1 FCF = $28,100 / (1 + 13.40%)^1 = $24,766.19PV of Year 2 FCF = $28,560 / (1 + 13.40%)^2 = $22,501.03\)

Now we calculate the PV of the terminal value of the firm at t=3, using the WACC of 11.20%:PV of Terminal Value at\(t=3 = $177,800 / (1 + 11.20%)^3 = $128,903.08\) Finally, we can calculate the Unlevered Value of the Firm at t=0:PV of unlevered FCF + PV of terminal value = Unlevered Value of the Firm at \(t=0= $17,800 + $24,766.19 + $22,501.03 + $128,903.08= $194,970.30\)

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

Should savings be based on gross or net income?

Answers

Savings can be based on either gross or net income, depending on the specific goals and objectives of the individual or organization.

Gross income refers to the total revenue earned before any deductions, such as taxes or expenses, are made. If savings are based on gross income, it means that a certain percentage or dollar amount of the total revenue will be set aside as savings.

Net income, on the other hand, refers to the total revenue earned after all deductions, such as taxes and expenses, have been made. If savings are based on net income, it means that a certain percentage or dollar amount of the remaining income will be set aside as savings.

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Melissa plans to become a nurse. What would be a good extracurricular activity for Melissa during high school? O A. O B. O C. O D. joining the cheerleading squad taking charcoal drawing lessons participating in gymnastics volunteering at a health clinic after school​

Answers

Answer:

Volunteering at a health clinic after school​

Explanation:

If Melissa plans on becoming a nurse, she should look for extracurriculars which could help support her in her future years. Volunteering at a health clinic could provide her with hands on experience opposed to cheerleading or charcoal drawing which are good for hobbies and fun activities. But if Melissa really has a passion to become a nurse she should look for extracurriculars which not only interest her but may be of benefit to her.

how does least cost pursuit relate to profit maximization in a market system?

Answers

The concept of "least cost pursuit" refers to the economic principle followed by firms in a market system to minimize their production costs while maintaining the desired level of output. On the other hand, "profit maximization" refers to the objective of firms to maximize their profits by optimizing their production and pricing decisions.

In a market system, the pursuit of least cost production is closely related to profit maximization. Here's how they are interconnected:

Cost Minimization: Firms aim to minimize their costs of production, including expenses related to labor, raw materials, technology, and other inputs. By minimizing costs, firms can improve their profit margins and increase the potential for higher profits.

Efficiency: Pursuing the least cost production involves maximizing efficiency in resource allocation and utilization. Efficient use of resources reduces wastage, lowers production costs, and enables firms to produce goods or services at competitive prices.

Competitive Advantage: When firms can produce goods or services at a lower cost compared to their competitors, they gain a competitive advantage. This advantage allows them to either offer lower prices to attract customers or earn higher profits by maintaining their prices while enjoying larger profit margins.

Price Setting: To maximize profits, firms need to consider the market demand and competition while setting their prices. The ability to produce at lower costs enables firms to set competitive prices that capture market share and generate higher revenues.

Long-Term Sustainability: By pursuing least cost production and maximizing profits, firms can improve their financial position and sustainability in the long run. Higher profits provide firms with resources for investment in research and development, expansion, and innovation, allowing them to stay competitive and adapt to changing market conditions.

In summary, the pursuit of least cost production directly contributes to profit maximization in a market system. By minimizing costs, improving efficiency, gaining a competitive advantage, setting optimal prices, and ensuring long-term sustainability, firms can maximize their profits and achieve their financial objectives.

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Which does not affect the level of wages?
A. actions of labor unions
B. law of supply and demand
C. production possibilities frontier
D. minimum-wage laws

Answers

a if i’m not mistaken

Gato Inc. had the following inventory situations to consider at January 31, its year-end. Identify which of the following items should be included in inventory. (a) Goods held on consignment for Steele Corp. since December 12. select an option (b) Goods shipped on consignment to Logan Holdings Inc. on January 5. select an option (c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit

Answers

Answer:

(b) Goods shipped on consignment to Logan Holdings Inc. on January 5.

(c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit.

Explanation:

Gato Inc. should include two items in its inventory. Good shipped on consignment to Logan Holdings Inc. should be included in inventory because this is transaction after the closing of December period. Goods shipped tp a customer on January 29 must also be included in the inventory because the goods are still in transit.

suppose your income rises from $39,000 to $51,000, while the cpi rises from 122 to 169. your standard of living has likely

Answers

As my income rises from $39,000 to $51,000, while the CPI rises from 122 to 169, my standard of living has likely risen.

What is standard of living?

The level of income, comforts, and services available is generally applied to a society or location rather than an individual. The standard of living is important because it is thought to influence an individual's quality of life.

A cost-of-living index would track changes in the amount of money consumers need to spend to reach a certain "utility level" or "standard of living" over time.

The CPI and a cost-of-living index would both reflect price changes in goods and services such as food and clothing.

Therefore, the standard of living increases when the income and CPI rises.

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If an employer agrees to give you constructive criticism of your interview performance, you need to listen carefully and take notes. true or false?

Answers

Answer: True

Explanation:

As the employed you work for the employer which means that it is best to act in a way that the employer deems appropriate.

If the employer therefore gives you constructive criticism, it is most likely to get you to act in a way that they deem appropriate. It would be best to listen carefully and take notes for reference because chances are that such advice will benefit you greatly with other employers or with your employees should you decide to set up your own shop.

time is limeted
Which of the following steps should you take after attending a college fair?
A. Take a break from dealing with colleges for two weeks.
B. Call every college that was represented at the college fair.
C. Make a decision about which college to attend that night.
D. Continue to research colleges on your own.

Answers

Answer:

D

Explanation:

The steps that can be taken after the college fair is to continue researching colleges on your own. Therefore, Option D is correct.

What is research?

Research can be defined as "creative and methodical activity done to improve the body of knowledge."

It entails gathering, organizing, and analyzing data in order to improve understanding of a subject or problem.

Therefore,  The steps that can be taken after the college fair is to continue researching colleges on your own. Option D is correct.

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Monopolies have been declared legal once again. Analyze why this development may not be in your best interest as a consumer.

50 Points/Please give a real answer only else will have to report the account.


Thank you.

Answers

Answer:

BLE OF CONTENTS

ECONOMY GOVERNMENT & POLICY

What Is a Monopoly? Types, Regulations, and Impact on Markets

By ADAM HAYES Updated August 02, 2022

Reviewed by CAITLIN CLARKE

Fact checked by SUZANNE KVILHAUG

Monopoly

Investopedia / Jessica Olah

What Is a Monopoly?

A monopoly is a market structure where a single seller or producer assumes a dominant position in an industry or a sector. Monopolies are discouraged in free-market economies as they stifle competition and limit substitutes for consumers.

In the United States, antitrust legislation is in place to restrict monopolies, ensuring that one business cannot control a market and use that control to exploit its customers.

KEY TAKEAWAYS

A monopoly is a market structure that consists of only one seller or producer.

A monopoly limits available substitutes for its product and creates barriers for competitors to enter the marketplace.

Monopolies can lead to unfair consumer practices.

Some monopolies such as those in the utility sector are government regulated.

Need help ASAP. Will mark brainliest

Need help ASAP. Will mark brainliest

Answers

Answer:

click the top on and the socond option

Explanation:

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