Lena has just become eligible to participate in her​ company's retirement plan. Her company does not match​ contributions, but the plan does average an annual return of ​%. Lena is 40 and plans to work to age 65. If she contributes ​$ per​ month, how much will she have in her plan at​ retirement?

Answers

Answer 1

Answer:

Throughout her retirement plan, Lena will still have $206,673.13.

Explanation:

The given values are:

Annual Interest Rate

= 12.00%

Monthly Deposit

= $110

Period

= 25 years i.e., 300 months

Monthly Interest Rate

= 1.00%

Now,

The Accumulated Deposits will be:

⇒  [tex]110\times 1.01^{299} + 110\times 1.01^{298}+....+ $110\times 1.01 + $110[/tex]

⇒  [tex]\frac{110\times (1.01^{300} - 1)}{0.01}[/tex]

⇒  [tex]110\times 1,878.846626[/tex]

⇒  [tex]206,673.13[/tex]  ($)


Related Questions

You can block anyone on Twitter.
A.) True
B.) False

Answers

Answer:

A true

Explanation: ive done it before

Answer:

yes

Explanation:

Describe an ethical dilemma related to an employees behavior at work or work discipline

Answers

Understanding ethical dilemmas

You may be faced with an ethical dilemma when something at work goes against your personal ethics, morals and values. This could be something that one of your colleagues or managers is doing, or something that you are doing yourself.

On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,300, terms 3/10, n/30. Grace does not pay for services until March 31, missing the 3% sales discount. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 31. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Answers

Answer and Explanation:

The journal entry is shown below:

Account receivable Dr $10,300

         To Service revenue $10,300

(Being service provided in account)

Cash Dr $10,300

   To Account receivable $10,300

(Being cash reciept is recorded)

These two entries should be recorded and the same is to be considered

No cash discount is given as the payment is not made within 10 days

is my account free of coast

Answers

Yes, it is free of COST. This app is free but you can pay for Brainly Plus

Answer:

Yes, it is unless somebody bought brainly premium thru your account in the past 2 years

Explanation:

Wants personal finance definition ?

Answers

Answer:

the desire for GOODS and SERVICES. The attempt to satisfy wants forms the basis of all economic activity. Wants are expressed in the market place not by need or desire but by the willingness and ability to actually purchase the good or service in DEMAND.

Explanation:

Answer:

Explanation:

the desire for GOODS and SERVICES. The attempt to satisfy wants forms the basis of all economic activity. Wants are expressed in the market place not by need or desire but by the willingness and ability to actually purchase the good or service in DEMAND.

Will each scenario shift the long-run aggregate supply (AS) curve, the short-run AS curve, both, or neither?(a) New technology improves solar panels so that they are less expensive(b) Federal government spending increases(c) A hurricane wipes out the orange crop in Florida(d) A new oil field is discovered that will provide a six-month supply of oil(e) A firm expects to introduce driverless cars within the next five years

Answers

Answer:

A shift in the SRAS occurs when a change impacts the quantity produced in the short run such as lower input prices or government policies whereas a shift in the LRAS occurs when factors of production have become more efficient or there is an introduction of new technology which leads to higher production in the Economy.

(a) New technology improves solar panels so that they are less expensive. BOTH SRAS and LRAS.

The technology makes the panels cheaper so there will be a shift in SRAS. With the Solar Panels now improved, more electricity will be supplied which will enable higher production levels so LRAS will shift as well.

(b) Federal government spending increases. NEITHER SHIFT.

This has to do with Aggregate Demand not Supply.

(c) A hurricane wipes out the orange crop in Florida. SRAS will shift.

In this short term, the supply of Oranges will decrease which means the SRAS will shift left.

(d) A new oil field is discovered that will provide a six-month supply of oil. SRAS.

6 months is short term so this new supply will shift only the SRAS right to reflect the higher supply.

(e) A firm expects to introduce driverless cars within the next five year. LRAS.

This new technology in the long run will lead to higher production levels so the LRAS will shift right.

it is antibullying month what are some ways you can prevent bullying to happen in any way?

Answers

I think a way to stop bullying is to teach others bullying isnt good such as teachers and principals should do more to stop bullying instead of ignoring it. I think a big issue to all of this is people thinking it’s okay to bully which it isn’t. And parents should tell their children more about it.

How can formal business documents help managers solve problems? OA. By eliminating the need for schedules and budgets to track progress B. By creating a record of every action taken during a meeting OC. By presenting well-organized, accurate information about a problem O D. By making decisions so the managers do not have to handle them​

Answers

Answer: By presenting well-organized, accurate information about a problem.

Explanation:

Select the correct answer.
Klara runs her business successfully without ever meeting her clients. Which sales channel does her business use?
A. Direct sales.
B. trade shows.
C. e- commerce
S. flea market.

Answers

Answer:

A

Explanation: Just answered it myself

Answer:

its C

Explanation:

Edmentum users

What information does a lead contain in a news story?

Answers

Answer:

1st one

Explanation:

It would be answer A

Which of the following is a list of assets?
A.cash, accounts payable, inventory, furniture
B.cash, accounts receivable, inventory, furniture
C.cash, bank loan, inventory, furniture
D.cash, accounts receivable, inventory, owner's equity

Answers

It’s definitely either A or C. Sorry I can’t be much of help but good luck and I hope you pass
It’s definitely not A or C. The correct answer is B. Cash, inventory, furniture definitely all have value that can be accessed by the firm so they are assets. Accounts receivable are all the outstanding invoices that are owed to the firm by others so those are like cash that is promised to the firm which are also valuable. All of theses are assets on a Balance Sheet

Monique’s post on her university’s blog provides a new course description, details on how to apply for it, and the course requirements. What is the purpose of this post?

A.
to create an online community
B.
to inform professors about internal matters
C.
to share information with students
D.
to attract funding for the university

Answers

Answer:

its c

Explanation:

Answer:

C.

to share information with students

Explanation:

advantages of collaborative office layouts​

Answers

Answer:

By far, one of the greatest benefits of breaking down literal walls in the office is increased collaboration.

Explanation:

When multiple people are working in the same space, they are more likely to share ideas and ask for input.

Which is a disadvantage of using a secondary source for information?

A.It is expensive to obtain the data.

B.It may not be the most current information.

C.The interviewers require payment.

D.There is no way to validate the accuracy of the information.

E.permits researchers to access valuable information for little or no cost

Answers

Answer:

B

Explanation:

it may not be the most current information

Answer:

B

Explanation:

With the second source you're getting it after so the information may not be the same

Question 9 of 10
How do standards act as barriers to trade?
A. They set limits on the total amount of imported goods.
B. They force imported goods to meet certain criteria.
C. They tax imported goods in order to increase their price.
D. They use government funds to lower the cost of domestic goods.
SUBMIT

Answers

Answer:

A. They set limits on the total amount of imported goods.

Explanation:

Just took the test and it was this!!

Standards act as barriers to trade because they tax imported goods in order to increase their price. Thus, option (c) is correct.

What is trade?

The process of buying and selling commodities and services is referred to as “trade.”  Trade is a form of economic activity.

The tax on imported goods and services, which is an adverse effect of raising product prices, is the biggest obstacle to trade. As prices rise, there will be a shortage of goods.

Therefore, option (d) is correct.

Learn more about on trade, here:

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Select the correct answer. Joshua bought a commercial truck for his business's operations in 2010. It cost him $30,000. Every year, its value has diminished. In 2014, the truck had an estimated market value of $25,000. Under which accounting head did Joshua's business record the difference of $5,000?

Answers

Answer:

The answer is "market value account".

Explanation:

It is also known as market cap, which is used to determined by increasing the existing market price of the company's excellent stock. Its approximate value of the object was its selling value, based mostly on volume in cost by a buyer to the seller by Keeping track of the online accounting and finance app of your asset value and depreciation.

In determining the appropriate valuation based on open market standards a variety several factors are taken into account.  One of the principal factors for the market price is because it provides a practical tool for eliminating uncertainty and insecurity and decide how a share price.

Answer: The answer is not D.

Explanation:

Rolston Music Company is considering the sale of a new sound board used in recording studios. The new board would sell for $26,100, and the company expects to sell 1,460 per year. The company currently sells 1,960 units of its existing model per year. If the new model is introduced, sales of the existing model will fall to 1,780 units per year. The old board retails for $22,000. Variable costs are 56 percent of sales, depreciation on the equipment to produce the new board will be $1,410,000 per year, and fixed costs are $1,310,000 per year.

Answers

Answer:

$8,792,544

Explanation:

Computation for the Annual OCF of the project

First step is to compute the net income

NET INCOME

Sales of new$38,106,000

($26,100×1,460 per year)

Lost sales of old -$3,960,000

[($22,000×1,780)-($22,000×1,960)]

=39,160,000-43,120,000

=-3,960,000

Variable costs $19,121,760

[($38,106,000-3,960,000)×56%]

(34,146,000×56%)

=$19,121,760

Fixed costs $1,310,000

Depreciation 1,410,000

EBIT$12,304,240

($38,106,000-3,960,000-$19,121,760-$1,310,000-1,410,000)

Tax $4,921,696

(40%×$12,304,240)

Net income $7,382,544

($12,304,240-$4,921,696)

Second step is to calculate for the company OCF using this formula

OCF = EBIT + Depreciation – Taxes

Let plug in the formula

OCF=EBIT$12,304,240+Depreciation 1,410,000-Tax $4,921,696

OCF= $8,792,544

Therefore the Annual OCF of the project is $8,792,544

On December 20, Year 6, an uninsured property damage loss was caused by a company car being driven on company business by a company sales agent. The company did not become aware of the loss until January 25, Year 7, but the amount of the loss was reasonably estimable before the financial statements were issued. The company’s December 31, Year 6, financial statements should report an estimated loss as_____________

Answers

Answer:

an accrual.

Explanation:

Accruals are a type of liability. They are expenses that have been incurred by the company, but have not been paid yet.

The accident resulted in a loss contingency and since it was probable and could be reasonably estimated, it must be included in the balance sheet. Balance sheets must be adjusted when certain relevant events are known after the year ended, but before the balance sheet is presented.

Critically explain Robbins definition of economics?​

Answers

Answer:

In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”

Explanation:

In which countries do people prefer discussing business during meals?​

Answers

Answer:

china

Explanation:

if your traveling to china on business do not discuss business during meals .

Answer:

Always send a thank-you note following a hosted meal.in Philippines

Obviously, the lifetime membership isn’t a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it’s a great deal. Suppose that the appropriate annual interest rate is 8.5%. What is the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $500 in annual membership dues? (Note: Round your answer up to the nearest year.)

Answers

Answer:

Within 15 years, lifetime membership is cheaper than annual membership.

Explanation:

Note: The question is incomplete but the complete question is attached as picture

Considering if Lloyd choose to pay $4,500 for lifetime membership fee, then

Future value of Lump sum = PV (1 + i)^n  

Where PV = Present value = $4,500

, i = interest rate = 8.5%

, n = no. of compounding period = 15 years  

So, FV = 4,500 * (1 + .085)^15

= 4,500 * 3.3997428788

= $15,298.84

When Lloyd choose to pay $500 for annual membership fee:

Future Value of annuity due = (1 + r) * P[((1 + r)^n - 1) / r]

where P = Periodic payment = $500

i = interest rate = 8.5%

n = no. of compounding period = 15 years

So, FV of annuity due = (1 + .085) * 500[((1 + .085)^15 - 1) / .085]

= (1.085) * 500[(3.3997428788 - 1) / .085]

= (1.085) * 500 * 28.2322691624

= $15,316.01

So, within 15 years lifetime membership is cheaper than annual membership.

Give 3 Examples of Product/Service

Answers

Answer:

Goods are items you buy, such as food, clothing, toys, furniture, and toothpaste. Services are actions such as haircuts, medical check-ups, mail delivery, car repair, and teaching.

Explanation:your welcome

Mrs. King wants to start an airline business and needs to raise millions of dollars to get the business started.
Your answer:
a. LLC
b. C-corporation
c. S-corporation
d. Sole Proprietorship

Answers

C.corporations even show the difference in what we have done for a

(look at the graph)

a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.
b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.​​

Answers

Answer:

a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.

Yes, it is advantageous for Luxland. On its own, Luxland can only produce 1 chip for 1 pretzel, but with trade, 1 pretzel would now be equivalent to 4 chips, representing a net gain of 3 chips.

​​b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.

No, trade would not be advantageous. We can see than domestically, Leanderland can produce 2 pretzels for every chip, because the graph shows that 4 chips are equivalent to 8 pretzels for this nation.

For trade to be advantageous, Leanderland should obtain at least 9 pretzels for the 4 chips.

A) The terms of trade will be advantageous for Luxland because, according to the graph, it can produce only one chip for Pretzel.

However, If it decides to trade, it would accrue a gain of 3 additional chips under the 4 chips to 1 Preztel arrangement.

B) Already, Leanderland gets 1 chip for 4 pretzels. Therefore, it will be disadvantageous for it to accept 4 chips for 1 pretzel trade arrangement. The above question seeks to highlight the comparative advantages of Leanderland and Luxland.

What is Comparative Advantage?

When an economy or country has the ability to manufacture a good or service at a lower opportunity cost than its trading partners, it is said to have a comparative advantage. In the graph above, Luxland has a comparative advantage with the production of Chips.

See the link below for more about Comparative Advantage:

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XYZ stock price and dividend history are as follows: Year Beginning-of-Year Price Dividend Paid at Year-End 2015 $ 140 $ 4 2016 159 4 2017 132 4 2018 137 4 An investor buys five shares of XYZ at the beginning of 2015, buys another three shares at the beginning of 2016, sells one share at the beginning of 2017, and sells all seven remaining shares at the beginning of 2018. a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Answers

Answer:

a. The arithmetic average time-weighted rates of return for the investor is 2.93%, while the geometric average time-weighted rates of return for the investor is 2.08%

b. The total cash flow for each year are as follows:

January 1, 2015 Total Cash Flow  = -$700

January 1, 2016 Total Cash Flow = -$457

January 1, 2017 Total Cash Flow = $156

January 1, 2018 Total Cash Flow = $979

Explanation:

Note: This question is not complete and the data in need are merged together. The complete question with the sorted data is therefore provided before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation to the answer is now given as follows:

a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

The formula for calculating each of the arithmetic and geometric return are given as follows:

Arithmetic average return = Sum of returns/ number of years ……………….. (1)

Geometric average return = n * ((1+r1)*(1+r2)*(1+r3)…(1+rn)^(1/n) - 1 .……….. (2)

Where;

n = years 1, 2, 3….

r1, r2, r3…are the returns for year 1, 2, 3….

Return for each year = (capital gains + dividend) / Previous year Beginning-of-Year Price

Where;

Capital gains = Current year Beginning-of-Year Price – Previous year Beginning-of-Year Price

Therefore, we have:

Return for each year = ((Current year Beginning-of-Year Price – Previous year Beginning-of-Year Price) + dividend) / Previous year Beginning-of-Year Price ………………. (3)

Using equation (3), we have:

2016 Return = ((159 - 140) + 4) /140 = 0.164285714285714

2017 Return = ((132 - 159) + 4} /159 = -0.144654088050314

2018 Return = ((137 - 132) + 4) /132 = 0.0681818181818182

Using equation (1), we have:

Arithmetic mean = (2016 Return + 2017 Return + 2018 Return) / 3 = (0.164285714285714 - 0.144654088050314 + 0.0681818181818182) / 3 = 0.0292711481390727, or 2.92711481390727%

Approximating to 2 decimal places, we have:

Arithmetic mean = 2.93%

Using equation (2), we have:

Geometric mean = ((1 + 2016 Return) * (1 + 2017 Return) * (1 + 2018 Return))^(1/3) - 1

Geometric mean = ((1 + 0.164285714285714) * (1 - 0.144654088050314) * (1 + 0.0681818181818182))^(1/3) - 1

Geometric mean = 1.02081923500671 - 1

Geometric mean = 0.02081923500671, or 2.081923500671%

Approximating to 2 decimal places, we have:

Geometric mean = 2.08%

Therefore, the arithmetic average time-weighted rates of return for the investor is 2.93%, while the geometric average time-weighted rates of return for the investor is 2.08%.

b. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2015, to January 1, 2018.

Note: See the attached excel file for the chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2015, to January 1, 2018.

In the attached excel file, Beginning-of-Year Price for January 1, 2015 and January 1, 2016 are used as negative figures because the purchase of stock will result in a cash outflow.

Which of the following is NOT affected by marketing?
A. The locations you shop
B. The items you purchase
C. The product regulations
D. The use of the products

Answers

Answer:

D, The use of products.

The use of the products is not affected by marketing. Thus, option D is appropriate.

Marketing describes the actions a business takes to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of businesses.

Marketing is the procedure of discovering, developing, and providing value to satisfy a target market's needs in terms of products and services, which may also involve choosing a target audience. The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing.

Thus, option D is correct.

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where do financial institutions offer services​

Answers

Answer:

Checking accounts.

Savings accounts.

Debit & credit cards.

Insurance

Wealth management.

a group of scientists studied

Answers

Answer:

Explanation:

The Business Scientist underpins excellent management and business skills with scientific knowledge, supporting evidence-led decision-making within companies and other enterprises.

Describe an ethical dilemma related to employee relations.

Answers

An ethical dilemma or ethical paradox is a decision-making problem between two possible moral imperatives, neither of which is unambiguously acceptable or preferable. The complexity arises out of the situational conflict in which obeying would result in transgressing another.

Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month’s budget appear below: Selling price per unit $ 29 Variable expense per unit $ 18 Fixed expense per month $ 8,800 Unit sales per month 950 Required: 1. What is the company’s margin of safety? (Do not round intermediate calculations.) 2. What is the company’s margin of safety as a percentage of its sales?

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling price per unit $29

Variable expense per unit $18

Fixed expense per month $8,800

Unit sales per month 950

First, we need to calculate the break-even point in units and dollars:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 8,800 / (29 - 18)

Break-even point in units= 800 units

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 8,800 / (11/29)

Break-even point (dollars)= $23,200

Now, the margin of safety in units and dollars:

Margin of safety (units)= (current sales level - break-even point)

Margin of safety (units)= 950 - 800

Margin of safety (units)= 150 units

Margin of safety (dollars)= (current sales level - break-even point)

Margin of safety (dollars)= (950*29 - 23,200)

Margin of safety (dollars)= $4,350

Finally, the margin of safety ratio:

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= 4,350/27,550

Margin of safety ratio= 0.16 = 16%

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Why is it said that the rock cycle has neither a beginning nor an end? 4Which of the following best summarizes the effects that plants have on the global carboncycle? *(1 Point)Plants perform cell respiration, removing carbon from the atmosphere.Plants perform photosynthesis, adding carbon to the atmosphere.Plants perform both photosynthesis and cell respiration and cause a net decrease of carbon in the atmosphere.Plants perform both photosynthesis and cell respiration and cause a net increase of carbon in the atmosphere.5Primary producers are organisms that Which of the following choices is the best example of how the cell membrane and mitochondria might work together to make energy in a particular cell? A. In animal cells, the mitochondria allows materials in and out of the cell, while the cell membrane uses nutrients to make energy (ATP) for the cell. B. In a plant cell, the mitochondria allows materials in and out of the cell, while the cell wall makes food for the cell by photosynthesis. C. In a plant cell, the cell wall allows materials in and out of the cell, while the mitochondria makes food for the cell by photosynthesis. D. In animal cells, the cell membrane allows materials in and out of the cell, while the mitochondria uses nutrients to make energy (ATP) for the cell. What happens to the concentration of lactic acid as workout intensity increases? What happens to blood pH as the concentration of lactic acid increases? ((Reuploaded)) Do all structural formulas for each amino acid have an amino group? What will be the price of gas if there is a 27% increase from $2.67 per gallon? PLEASE HELP the density of aluminum foil is 0.789g/cm3. Calculate the mass of 10.0cm3 of aluminum foil. Which element adds to the factual style of the text? Absolute value of -23/7 three times the difference of a number and four is equal to 5 On a Ferris wheel, Sarah observes that it takes 45 seconds for her chair to complete a full revolution. Her chair is 30 feet from the axle of the Ferris wheel. To the nearest hundredth, Sarah's angular velocity is radians per minute? Newspaper texts exhibits what kind of writing? Write down 5 consecutive odd numbers between 45 and 60. Hot tub has a capacity of 1458 liters. Mrs smith put 487 liters 750 millimeters of water in the tub. How much water needs to be added to fill the hot tub completely? Analyze the map below and answer the questions that follow.A satellite image of Africa with 4 arrows labeled A, B, C, and D. Arrow A is pointed towards the left of Africa. Arrow B points towards Italy. Arrow C points towards the Saudi Arabian peninsula. Arrow D points towards the opening to the Indian Ocean.Image courtesy of NASAOn the map above, which arrow is pointing to the Red Sea?A.arrow AB.arrow BC.arrow CD.arrow D According to the excerpts from the Unit, life for African Americans in the Reconstruction-era South could be characterized as:A.dangerous and violent.B.free and peaceful.C.prosperous and equal.D.None of these choices are correct. You spend half of your money on a movie ticket. Then you spend half of what youhave left to buy a large popcom. Then you spend half of what remains to buy a smalldrink.Which expression equals the fraction of money you have left? In the table below, x represents miles traveled and y represents the cost to travel by train. Miles, xCost, y28.50515.25822.001231.00Which linear equation represents the situation? Please help and put it in a fraction Solve for x. Write your answer in the space below,x + 5 = 10 2