Answer the question.Stephen sets up an IRA with an APR of 4% compounded monthly at age 26. At the end of each month, he deposits $37 in the account. How much will the IRA contain when he reaches 65? Compare that amount to the total amount of deposits made over the time period.
A. $41,586.06; this is $24,270.06 more than the total amount of the deposits.
B. $30,424.44; this is $19,772.46 more than the total amount of the deposits.
C. $30,916.45; this is $16,116.45 more than the total amount of the deposits.
D. $1003.17; this is $41.17 more than the total amount of the deposits.
Answer: A
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Use the given stock table to answer the question.Based on the fact that stocks historically trade at an average P/E ratio of about 12-14, does the stock price of company XYZ seem cheap, about right, or expensive right now?
A. expensive B. cheap C. about right
Freud believed that the goal of the id was to do which of the following?
A. reduce satisfaction and maximize tension B. maximize satisfaction and reduce tension C. reduce inhibition and maximize unconscious awareness D. increase inhibition and reduce unconscious awareness
Intelligence is solely determined by inherited, genetic factors.
Answer the following statement true (T) or false (F)
If $100,000 is invested on December 31, 2016 to earn compound interest semiannually, and if the future value on December 31, 2022, is $225,219 what is the semiannual interest rate on the investment?
A. 7% B. 6% C. 5% D. 8%