How much money will Sharon have in her retirement plan when she is ready to retire at age 62?

Sharon decides to put $5,000 into her retirement plan at the age of 25. She will continue to invest the same amount for a total of 6 years and then stop contributing. Assume 10% annual return.

A. $554,856
B. $623,245
C. $740,480
D. $1,311,805


C. $740,480



Business

You might also like to view...

Which of the following is the primary output of the World Bank's International Comparison Program?

A) purchasing power parities B) currency fluctuations C) market demand and supply D) production costs

Business

State University's College of Business is divided into three departments, accounting, marketing, and management. Relevant information for each department is provided below:Cost DriverAccountingMarketingManagementNumber of students700400200Number of classes per semester321814Number of faculty10125  The Dean of the College of Business is trying to assign funds from the operating budget to the three departments. Assuming that the chair of each department is trying to attain the highest funding possible for his/her department, which of the following most accurately describes the allocation base that each chair will favor?

A. The chair of the Accounting department and the chair of the Management department will want to use the number of faculty. B. The chair of the Management department will want to use the number of classes while the chair of the Marketing department will prefer the number of faculty. C. The chair of the Accounting department will want to use number of students while the chair of the Management department will want to use number of faculty. D. The chair of the Marketing department will want to use number of students, while the chair of the Accounting department will want to use number of classes per semester.

Business

Which of the following is true regarding the disposition of materials and labor variances?

A) The variances for materials and labor are closed directly to Cost of Goods Sold regardless of materiality. B) If the materials price variance is material, it is prorated among Materials Inventory, Materials Usage Variance, Work in Process, and Finished Goods. C) The materials usage variance and the labor variances, if material, are prorated among Work in Process, Finished Goods, and Cost of Goods Sold. D) The materials usage variance and the labor variances are always prorated among Work in Process, Finished Goods, and Cost of Goods Sold. E) The materials usage variance and the labor variances are always closed to Cost of Goods Sold.

Business

There is just one person in our group, Silvia, who seems to have radically different ideas about how to complete our project. She seems to purposely disagree with the majority opinions of the rest of us though yesterday she said something that made a lot of sense to help us solve our production problem. I suggested to the entire group today that we hear Silvia’s suggestions and asked Silvia to share in-depth more of what she said yesterday. I am using which adaptive leader behavior?

A. protect leadership voices from below B. regulate distress C. give the work back to the people D. maintain disciplined attention

Business