G Today, Adam and Eve each have $500,000 in an investment account. No other contributions will be made to their investment accounts. Both have the same goal: They each want their account to reach $1.5 million, at which time each will retire. Adam has his money invested in risk-free securities with an expected annual return of 4 percent. Eve has her money invested in a stock fund with an expected annual return of 11 percent. How many years after Eve retires will Adam retire? Pick the closest answer. 16.24 19.0 10.53 17.48 28.01

17.48

Explanation:

For this question we use the NPER formula that is shown on the attachment. Kindly find it below:

In the first case,

Provided that

Present value = $500,000

Future value = $1,500,000

Rate of interest = 4%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of years is 28.01 years

In the second case,

Provided that

Present value = $500,000

Future value = $1,500,000

Rate of interest = 11%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of years is 10.53 years

So, the number of years after Eve retires is

= 28.01 years - 10.53 years

= 17.48 years

a loan? that’s my guess, anywho.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.