Answer:
The total required amount is $7,056.46
Explanation:
Given the following details:
You aim to accumulate enough savings to produce an annual cash flow of $55,000 for 25 years during retirement. How much should you save each year, assuming a return of 7.5 percent on your savings?
Final value = 55,000 * 25 = 1,375,000
Using the formula: FV = {A*[(1+i)^n-1]}/i
A represents the annual contribution.
To isolate A:
A = (FV*i)/{[(1+i)^n]-1}
A = (1,375,000*0.075)/[(1.075^38)-1]= $7,056.46
Answer:
Letter B is the correct option. Family.
Explanation:
Alfons Trompenaars, a prominent Dutch author and consultant in intercultural communication, categorized organizational cultures into four types: family, Eiffel Tower, guided missile, and incubator. Countries like Turkey, Pakistan, Venezuela, China, Hong Kong, and Singapore primarily exhibit family culture.
Family culture is characterized by an organizational landscape that prioritizes power dynamics and hierarchy, featuring a charismatic leader regarded as a nurturing family member by employees who believes in the well-being of their team.
Answer:
Ensuring Shelia comprehends the economic reasoning behind staff layoffs.
Explanation:
Discussing layoffs and related communications is an uncomfortable matter not only for the employee facing termination but also for the individual tasked with conveying the news.
The main point to remember when addressing layoff-related topics is the difference between layoffs and termination due to performance issues. Layoffs are never indicative of someone's personal performance or errors; they are consistently linked to broader business circumstances, like necessary downsizing. Essentially, layoffs are fundamentally about economic matters impacting the organization.
This is why mentioning individual qualities during the layoff process is irrelevant, as the termination is not the employee's fault.
Answer:
a) YTM = 9.8%
b) realized compound yield = 9.9%
Explanation:
a) PMT is 80
par value FV = 1000
coupon rate = 8%
current price PV = 953.1
years to maturity n = 3
Yield to maturity (YTM) is calculated as 
= 
= 9.8%
b) r2 = 10% = 100%+10% = 1.1
r3 = 12% = 100%+12% = 1.12
To find the realized compound yield, we first need the future value (FV) of the principal and reinvested coupons.
FV = ($80 * 1.10 * 1.12) + ($80 * 1.12) + $1080 = $1268.16
Let a be the rate at which the future value equals $1268.16.
953.1(1+y)³ = $1268.16
(1+y)³ = 1.33
1+y = 1.099
y = 0.099 = 9.9%
