subject
Business, 16.03.2020 20:19 sethjohnson386pbnm3x

You have 37 years left until retirement and want to retire with $3.4 million. Your salary is paid annually, and you will receive $48,000 at the end of the current year. Your salary will increase at 4.1 percent per year, and you can earn a 12.1 percent return on the money you invest. If you save a constant percentage of your salary, what percentage of your salary must you save each year?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 16:00
4. project memo your supervisor has asked you to create a final copy of a memo announcing a special project. open the microsoft® word file ch01 memo from the data files. edit the memo to correct errors in keyboarding, punctuation, spelling, and word usage. submit the edited document to your instructor along with this assignment.to: department supervisorsfrom: tomas perezdate: january 3, 20--subject: playground projectas you now, are offices are close each year on observance of martin luther king, jr. day. this year, the company is organizing a service project for that day. we will be clean up the grove street playground and panting bushes, blubs, and flowers. the company is donating now playground equiptment and park benches. cleanup gear and tools will be provided, and a cook out will conclude the days’ activities. farther information will be provided as the date draws nearer. encourage the employee in you department too participate in this worthwhile effort.
Answers: 2
question
Business, 21.06.2019 22:00
The market yield on spice grills' bonds is 15%, and the firm's marginal tax rate is 33%. what is their shareholders' required return if the equity risk premium is 4%?
Answers: 1
question
Business, 22.06.2019 21:40
Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.
Answers: 3
question
Business, 22.06.2019 23:00
Abeverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. the official rules of the contest state that the odds of winning a prize are is the claim "one in six game pieces wins a prize" correct? why or why not? 1: 6.
Answers: 1
You know the right answer?
You have 37 years left until retirement and want to retire with $3.4 million. Your salary is paid an...
Questions
question
Mathematics, 30.08.2019 00:30
question
Mathematics, 30.08.2019 00:30
question
History, 30.08.2019 00:30
Questions on the website: 13722367