If a worker who has an annual salary of $58,000 does not get any other salary adjustments besides a 2.2% annual cost of living increase, how many years from now would we expect the worker to have a salary of $85,000? Round to the nearest whole year.

Q: The present value that must be invested is ​$ ​(Round up to the nearest cent as​ needed.)

A: Given information, Amount (A) = $11,000Simple interest rate (r) = 9.5% or 0.095Time (t) = 7 years…

Q: A proposed income tax charges 10% on a person's income up to $25,000 and then 20% on income above…

A: Income tax charges are 10% for income upto $ 25000. Hence, 25000 < 60000 Therefore, income tax…

Q: Suppose a mutual fund has a portfolio of stocks that have a market value of $10.75 billion and the…

A: The objective of this question is to calculate the net asset value (NAV) per share of a mutual fund.…

Q: 1. In the Baltimore area a high-end Comcast cable package with HBO runs about $67 a month. What…

A: For 1 month the cost is $67 There are 12 months in a year.

Q: If a family borrows $12,033 for an addition to their home, and the loan is to be paid off in monthly…

A:

Q: The annual revenue of Amazon is given in the table below (source ). Year 2020 2019 2018 2017 2016…

A: Given data:

Q: A stock is expected to pay $1.10 per share every year indefinitely and the equity cost of capital…

A: To find the price an investor is expected to pay per share ten years in the future, we can use the…

Q: Suppose that the total interest that will be paid on a 25-year mortgage from a home loan of $130,000…

A: The loan = $ 130,000Interest is = $ 380,000Total loan and the interest= ( 130,000 + 380,000)= $…

Q: The minimum monthly payment for Brian's credit card is 3.5% of his balance or $25, whichever is…

A: Brian's balance at the end of his billing cycle=$722 The minimum monthly payment for Brian's credit…

Q: A new employee is paid $22.50 an hour. A performance evaluation is completed at the end of the year,…

A: We have to find rate per hour after increment.

Q: An investor anticipates that land values for a site will be worth $100,000 in five years. If real…

A: Given : Land values for a site will be worth $100,000 in five years. Real estate taxes are expected…

Q: Suppose that a life insurance company insures 5700 ​40-year-old people in a given year.​ (Assume a…

A: Given that - Death rate is 4 per 1000 People Among 55700 people = (4/ 1000) × 5700 = 4 × 5.7 = 22.8…

Q: Suppose that a life insurance company insures 4200 ​40-year-old people in a given year.​ (Assume a…

A: Given information Company insures 4200 people Cost of premium = $300 Death Benefit = 55,000

Q: Susan and Toby created a list of their monthly household expenses, as shown below. Mortgage:…

A:

Q: A sum of $20,000 is used to buy a deferred perpetuity-due that pays $2,100 every year for the first…

A: Solution

Q: What would Jeremy's taxable income be if he were to choose a standard deduction of $5700 instead of…

A:

Q: The present value P that must be invested is ​$ ​(Round up to the nearest cent as​ needed.)

A: The formula for the present value (PV) of an investment is:PV = FV / (1 + r)^nwhere:FV is the future…

Q: f. Now suppose that Lynn contributes nothing to her retirement fund for eight years and then begins…

A: Given:-           Now suppose that Lynn contributes nothing to her retirement fund for eight years…

Q: If Arnold earns a salary of $18,564 a year and is paid biweekly, how much is his gross pay per…

A: Here is the solution

Q: Use the below table to calculate the amount of federal income tax that Guadalupe should report if…

A: Given information Income she earned = $74157