$10,000 invested at 10% per year for 5 years earns interest equal to $6,105.10; therefore, $10,000
invested at 10% per year for 10 years will earn interest equal to $12,210.20 (2 times $6,105.10).
Indicate whether the statement is true or false
FALSE
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You change the oil in your car yourself and dump the used oil down the sewer drain that ultimately flows into the local river. Oil manufacturers know this is not an isolated occurrence, so should they be concerned?
A. Yes, this is the type of situation that can get "Big Oil" a lot of bad press. B. No, the oil company will someday add a premium to the price to pay for oil cleanup in the environment. C. Yes, this is an issue of social responsibility because the polluted water affects others in the society at large. D. No, this is an issue solely between you and your neighbors. E. No, you paid for the oil and you can dispose of it as you like.
From the above question, Carl's response to Ron's offer is considered as a(n) ________
A) mirror image rule acceptance B) rejection C) unequivocal acceptance D) counteroffer
"Fund switching" allows investors to switch in and out of IRAs
Indicate whether the statement is true or false.
What does ISO stand for?
A) Industry Standards Organization B) International Safety Organization C) Industrial Safety Organization D) International Standards for Oxygen E) International Organization for Standardization