Given that historical inflation rates have averaged 4% over the past 50 years, how much would you
Question:
Given that historical inflation rates have averaged 4% over the past 50 years, how much would you need to earn in salary 25 years from now to equal the 75K that you currently make?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Current Salary 7500000 Historical Rate of ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
How much would you have to put down on a house costing $100,000 if the house had an appraised value of $105,000 and the lender required an 80 percent loan-to-value ratio?
-
How much would you have to deposit in an account today to have $3000 in a five- year term deposit at maturity if interest is 7.75% compounded annually?
-
How much would you have to pay into an account at the beginning of every six months to accumulate $10 000 in eight years if interest is 7% compounded quarterly?
-
Suppose that we throw 30 fair dice. Recall that a fair die has six sides, numbered from 1 to 6, with each side occurring with equal probability. (a) (3pts) What is the probability that 5 of each of...
-
Assume numbers are represented in 8-bit twos complement representation. Show the calculation of the following: a. 6 + 13 b. -6 + 13 c. 6 - 13 d. -6 - 13
-
Golding Bank provided the following data about its resources and activities for its checking account process: Required: 1. Calculate the capacity cost rate for the checking account process. 2....
-
Make a list of pieces of information a firm might want to know and consider whether it could buy the information and how reliable that information might be.
-
(Postretirement Benefit Worksheet?2 Years) Elton Co. has the following postretirement benefit plan balances on January 1, 2010. Accumulated postretirement benefit obligation ? ? ? ? ? ? ? ? ?...
-
What right and wrong Aubin - Plaintiff did and Unilever did? What lessons withdrawn from this case? And give some recommendations for both Aubin - Plaintiff and Unilever to win the case and avoid the...
-
Assume that General Mills Canada, famous for Cheerios, Chex snacks, and Yoplait yogurt, completed the following selected transactions: 2013 Nov. 30 Sold goods to Sobeys Inc., receiving a $50,000,...
-
1. Consider two firms engaging in sequential Stackelberg competition. Suppose firm 1 decides its quantity x1 first and firms 2 follows after observing x1. The demand function of the market is x(p) =...
-
Assume the McDonalds and Burger King have similar $1,000 par value bond issues outstanding. The Burger King bond pays an 8 percent semiannual coupon and matures 15 years from today. The McDonalds...
-
Hathaway Health Club sold three-year memberships at a reduced rate during its opening promotion. It sold 1,000 three-year nonrefundable memberships for $366 each. The club expects to sell 100...
-
A 1000-gallon metal tank cost $200,000 when it was built 12 years ago. What would a 2500-gallon tank cost today if the powersizing exponent is 0.57 and the construction cost index for such facilities...
-
A $100,000 dollar face value bond pays 4% interest annually for the next 30 years. The market rate is also 4%,If the bond is strippedWhat will the lump sum and Annuity Sell for?
-
The market for new vitamins is in equilibrium at 80 thousand units a month. Each one is sold for $500. Suppose the own price elasticity of demand for the new product is -0.8 and the price elasticity...
-
These links provide information related to The Korea NANTA Show Please use the links above to explain the questions below 1. What are some of the benefits/limitations of the chosen experience...
-
The nominal yield on 6-month T-bills is 8%, while default-free Japanese bonds that mature in 6 months have a nominal rate of 5.5%. In the spot exchange market, 1 yen equals $0.009. If interest rate...
-
The most intense line in the cerium spectrum is at 418.7 nm. (a) Determine the frequency of the radiation producing this line. (b) In what part of the electromagnetic spectrum does this line occur?...
-
Per Bag Direct materials: 25 pounds of CWhiz-2000 @ $0.08/lb. = $ 2.00 Direct labor: 0.05 hour @ $32.00/hr. = $ 1.60 The company manufactured 100,000 bags of Cheese-Be-Good in December and used...
-
A pistoncylinder assembly contains a mixture of water and nitrogen, which is in vaporliquid equilibrium. A third liquid species with negligible saturation pressure is added to the container while the...
-
In its 2010 annual report, Wal-Mart reported inventory of $33,160 million on January 31, 2010, and $34,511 million on January 31, 2009, cost of sales of $304,657 million for fiscal year 2010, and net...
-
Riegel Company uses the lower-of-cost-or-market method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2013, consists of products D, E, F, G, H, and I....
-
Garcia Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes in northern New Jersey and southern New York. The...
-
You work for the CDC and have been called in to consult about the appearance in Connecticut of a single zombie. It is known from studies of past zombie epidemics, that for this strain of the zombie...
-
5. Given a random variable X with E(X) = 1, Var(X)=4. Find the following: (a) E(X2) (b) E( 2X | 1) (e) Var( 2X 1).
-
We are given an array A[1...n] of n 2 positive and negative integers. The goal is to find a contiguous interval of the array to exclude so as to maximize the sum of the remaining numbers....
Study smarter with the SolutionInn App