subject
Business, 22.01.2021 06:00 shemarmcdonald4662

You have a goal to retire in 35 years with $1 million. To achieve this you plan to save $100 per month until you retire. What is the formula that will determine the annual interest rate you will need to earn to achieve your retirement goal. You should assume that the interest rate will not change over the 35 years, you will save the money at the end of the month, and you currently have no money saved.

A.
=RATE(35*12,100,0,-1000000)

B.
=RATE(35*12,100,-1000000)*12

C.
=RATE(35,100,0,-1000000)

D.
=RATE(35*12,100,0,-1000000)*12

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 04:40
How long have u been on dis website
Answers: 2
question
Business, 22.06.2019 12:20
Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.
Answers: 1
question
Business, 22.06.2019 15:30
Calculate the required rate of return for climax inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 5.0%, (4) the firm has a beta of 2.30, and (5) its realized rate of return has averaged 15.0% over the last 5 years. do not round your intermediate calculations.
Answers: 3
question
Business, 23.06.2019 00:00
What is a uniform law adopted by all states that facilitates business transactions?
Answers: 1
You know the right answer?
You have a goal to retire in 35 years with $1 million. To achieve this you plan to save $100 per mon...
Questions
question
History, 16.12.2021 03:40
question
Chemistry, 16.12.2021 03:40
question
English, 16.12.2021 03:40
question
Mathematics, 16.12.2021 03:40
question
Mathematics, 16.12.2021 03:40
Questions on the website: 13722361