Andre's wonderful parents established a college savings plan for him when he was born. They
deposited $50 into the account on the last day of each month. The account has earned 10.9%
compounded monthly, tax-free.
How much can they withdraw on his 18th birthday to spend on
his education?
A) $43,730 B) $30,028 C) $33,307 D) $27,560
C
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Which of the following terms is most likely to refer to a situation in which an application is not saved on your computer but is hosted by the software company and is available on the Internet, often for a monthly fee?
A) Parallel computing B) Cloud computing C) Mainframe computing D) Software as a service E) Grid computing
In banking terminology, a creditor-debtor relationship is created when a customer ________
A) fails to maintain adequate funds in his bank checking account B) makes a deposit into a bank C) writes a check against his account D) writes a postdated check drawn on his bank
The inventory management costs for a certain product are S = $8 to order, and H = $1 to hold for a year. Annual demand is 2400 units. Consider the following ordering plans:
(a) order all 2400 at one time, (b) order 600 once each quarter, and (c) order 200 once each month. Calculate the annual holding and setup costs associated with each plan. (d) Is there another plan, cheaper than any of these? Calculate this order quantity along with its total annual holding and setup costs.
Which of the following statements is correct??
A. ?The probability of default is higher on short -term bonds than on long-term bonds. B. ?Reinvestment rate risk is lower, other things held constant, on long-term than on short-term bonds. C. ?According to the market segmentation theory, the yield curve is expected to slope downward. D. ?Borrowers prefer to borrow on a short-term basis, as a result, the yield curve is downward sloping. E. ?If the inflation was expected to decrease in the future, then the yield curve would have an upward slope.