How much will you have in a Roth IRA if you invest $5,000 a year for 35 years, if money earns 6
percent, and you make the investment at the beginning of each year?
A) $451,601.54 B) $474,181.61 C) $557,173.89 D) $590,604.33
D
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Which of the following statements is true of a bond that is issued at a premium?
A) The bond will be issued at an amount above face value. B) The stated interest rate is lower than the prevailing market interest rate. C) At maturity, the bond will repay an amount that is greater than the face value. D) The bond will be issued at par.
The Rule of 72 can be used to quickly estimate interest rates necessary to double your money in a given time period without the use of a spreadsheet or calculator. However, the rule does NOT work for estimating growth rates
Indicate whether the statement is true or false.
If a firm reports $25 million of retained earnings on its balance sheet, could the board of directors declare a $25 million cash dividend without any concerns? Explain why or why not
What will be an ideal response?
All of the following are advantages of renting versus buying a home except
A) mobility. B) no property taxes. C) not responsible for home repairs or maintenance. D) control over remodeling and decorating decisions. E) no risk of falling housing prices.