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.
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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What should be the basic goal of a firm when it sets a level of output?
Answers (1)
Word feature that is used to change the amount of blank space between lines of text
Answers (1)
Why does efficiency drive the price down in a purely competitive market?
Answers (1)
According to expectancy theory, the three primary elements that determine how willing an employee is to work hard at tasks important to an organization areA. existence, relatedness, & growth B. safety, esteem, & self-actualization C.
Answers (1)
Whether you operate your business from a small office at home or in a large plant environment, it's still referred to as your a. market. b. regulatory requirement. c. office building. d. operating plant.
Answers (1)
New Questions in Business
Suppose hypothetically that you buy a lot of food such as tofu, veggie burgers, and organic fruit that are not included in the market basket used to compute the CPI.
Answers (1)
Property taxes on a company's factory building would be classified as a (n) :
Answers (1)
Diane had a plan to improve her responsibility. in order to understand if she has met her goal, she must A. formulate a new goal B. record her progress C. accomplish harder tasks D. ask others for their opinions
Answers (1)
Olivia's employer deducts an amount from her paycheck for the Medicare program. What type of withholding is being deducted from Olivia's paycheck? A) tax exemption B) local withholding C) state withholding D) Social Security withholding
Answers (1)
A popular variation of the accounts receivable turnover is the a. credit risk ratio. b. concentration of credit risk. c. bad debts ratio. d. average collection period.
Answers (1)