It is your 6th birthday today. You have a trust fund with $50,000 that is earning 8% per year. You
expect to withdraw $30,000 per year for 7 years starting on your 22nd birthday for graduate school.
How much money will be left in the trust fund after your last withdrawal (rounded to the nearest
$10)?
A) $4,140
B) $125,660
C) $35,780
D) You will not have enough money to pay for graduate school.
A
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Was a pay claim of 40% ever realistic? Why do you think that the FBU made such a large claim?
What will be an ideal response?
The budgeting process ________
A) usually begins about one month before the beginning of the budget period to allow for more current information to be considered B) does not need input from all levels because it is the role of management to control costs and meet revenue goals C) requires significant coordination among the company's various business segments D) is standard among all types of companies
Reneging refers to customers who:
A) do not join a queue B) switch queues C) join a queue but abandon their shopping carts before checking out D) join a queue but are dissatisfied E) join a queue and complain because of long lines
The parties to a contract must have capacity for the contract to be enforceable
Indicate whether the statement is true or false