Business

28 March, 19:56

Jasmine is 53-years old and earns $115,000 a year. she saves 12% of her annual gross income for retirement. jasmine will pay off her mortgage by the time she retires. her monthly principal and interest payment is $1,950.21. calculate jasmine's wage replacement ratio using the top-down approach (round to the nearest %) and using pre-tax dollars. assume that she wants to maintain her lifestyle.

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Jasmine is 53-years old and earns $115,000 a year. she saves 12% of her annual gross income for retirement. jasmine will pay off her ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Marion Franklin is the CEO of a local real estate company, Action Realty. The community has seen an increase in population over the last two years, and new neighborhoods are being built as a result.

Compare and contrast thinking skills and people skills

Q has an ordinary straight whole life insurance policy for $100,000. Due to a change in circumstances, Q finds that there is now a need for more coverage, but the budget is not sufficient for another similar policy.

Law enforcement officers are more likely to commit suicide than those who choose other profession true or false

Kline Corp. recognizes revenue over time to account for long-term contracts. The contract price is $5 million, total construction costs are $3.75 million, actual costs incurred during the first year are $1.

New Questions in Business

Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21.

Some discount stores put products in large bins and let consumers hunt and find bargains. The price these consumers pay includes: a. the time the product was full price and didn't sell b. the value of their time and energy c.

Which one of the following is not a financial intermediary? A. Security dealers B. Insurance companies C. Real estate investment trusts D. Pension funds

Sherry often makes long personal phone calls from her desk during the work day. Alvin likes to wear shorts and old t-shirts to work during the summer. Jillian usually arrives 10 minutes late to the office in the morning.

Which of the two would you consider most important, money or inventory?