subject
Business, 06.05.2020 02:05 winstonbendariovvygn

A young engineer wishes to become a millionaire by the time she is 60 years old. She believes that by careful investment she can obtain a 15% annual rate of return. She plans to add a uniform sum of money to her investment program each year, beginning on her 20th birthday and continuing through her 59th birthday. How much must the engineer set aside in this project each year?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 18:30
Beta coefficients and the capital asset pricing model personal finance problem katherine wilson is wondering how much risk she must undertake to generate an acceptable return on her porfolio. the risk-free return currently is 4%. the return on the overall stock market is 14%. use the capm to calculate how high the beta coefficient of katherine's portfolio would have to be to achieve a portfolio return of 16%.
Answers: 2
question
Business, 22.06.2019 18:10
During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?
Answers: 3
question
Business, 23.06.2019 01:30
Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.
Answers: 1
question
Business, 23.06.2019 10:30
Usually, government officials make the decisions on the best ways to spend public money true or false
Answers: 1
You know the right answer?
A young engineer wishes to become a millionaire by the time she is 60 years old. She believes that b...
Questions
question
Mathematics, 19.05.2021 04:20
question
Mathematics, 19.05.2021 04:20
question
Medicine, 19.05.2021 04:20
question
Mathematics, 19.05.2021 04:20
question
Mathematics, 19.05.2021 04:20
question
Mathematics, 19.05.2021 04:20
question
Mathematics, 19.05.2021 04:20
Questions on the website: 13722367