You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 50 percent of what you contribute each year. You expect to contribute $4,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 8 percent per year. If you plan to retire in 35 years, how big will you expect that retirement account to be?
A. $1,033,900.82
B. $823,147.29
C. $1,308,427.41
D. $689,267.21
Answer: A
You might also like to view...
Cloverton Corporation had net income of $40,710, net sales of $1,450,000, and average total assets of $590,000. Its return on total assets is:
A. 14.5% B. 1.4% C. 6.9% D. 245.8% E. 2.8%
A mission statement serves as a ________
A) statement of the organization's net profits B) plan for short-term sustainability C) statement of the organization's purpose D) statement of the organization's current liabilities E) reward plan for the organization's highly-skilled employees
These types of decisions are generally made by following company policies and guidelines that have been put in place to deal with specific issues.
a. Executive decisions b. Strategy decisions c. Programmed decisions d. Non-programmed decisions
Which of the following is an algorithm that provides a systematic way of examining the corner or extreme points of the feasible region of more complex LP problems to determine the optimal value of the objective function?
a. graphical method b. corner point method c. simplex method d. iso-profit line method