Sarah starts investing in an individual retirement account (IRA) at the age of 30 and earns 10 percent for 35 years. At age 65, she will get less returns as compared to those returns if she:
A. starts investing at the age of 25.
B. invests at 12 percent.
C. invests for 45 years.
D. invests up to the age of 60.
E. earns 10 percent for 5 years and then 12 percent for 30 years.
Answer: D
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A company had net cash flows from operations of $138,000, cash flows from financing of $366,000, total cash flows of $554,000, and average total assets of $3,580,000. The cash flow on total assets ratio equals:
A. 24.9%. B. 15.4%. C. 3.9%. D. 4.1%. E. 15.5%.
From the standpoint of the lessee, the minimum lease payment includes all of the following except
a. the guaranteed residual value. b. the lessee's obligation to pay executory costs. c. the bargain purchase option. d. any payment that the lessee must make upon failure to extend or renew the lease.
A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on June 10 at 15%, the proceeds are
A) $10,115 B) $10,200 C) $10,000 D) $10,030
All states have minimum age requirements of the parties intending to be married
Indicate whether the statement is true or false