Homer Simpson plans to retire in 25 years (1st withdrawal in year 26). He is told by Ned Flanders that a desirable standard of living in 26 years will require $180,249 per year. Homer wants to be able to maintain that level of purchasing power forever (Assume inflation = 3% per year). Homer plans to increase his savings by 2% per year and expects to earn 6% per year on his investments. How much does Homer have to save the first year to fund his retirement goal?
A) $84,537
B) $109,512
C) $90,647
D) $67,985
E) $164,795

The u.s. stock market has returned an average of about 9% per year since 1900. this return works out to a real return (i.e., adjusted for inflation) of approximately 6% per year. if you invest $100,000 and you earn 6% a year on it, how much real purchasing power will you have in 30 years?

Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?