Molly Costner deposits $2,500 in her checking account today. Her checking account pays interest of 2.5% compounded annually
Assuming Molly does not withdraw any funds and does not deposit any additional funds, how much will be in her account in 25 years?
A) $4,096.54
B) $3,750.00
C) $4,102.52
D) $4,634.86
E) $4,062.50
D
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This question is composed of two parts; be sure to answer both. First, compare and contrast open and closed systems. Explain why almost all businesses today have an open system. Next, suppose you manage a business in which you hire young musicians to give lessons to school children. In what ways will you need your business to be open?
What will be an ideal response?
Under a ______ the retiree knows exactly what they are going to receive in benefits when they retire.
A. undefined benefit plan B. undefined contribution plan C. defined benefit plan D. defined contribution plan
Fund switching allows you to transfer funds from one mutual fund family to another, as long as both families are approved by the SEC
Indicate whether the statement is true or false.
Which of the following would have the LEAST influence on a consumer purchase of a 5-gallon waterproof sealant for wood decks and fences?
A. opinion of an opinion leader B. the purchase situation C. economic needs D. psychological variables E. social influences