A young engineer decides to save $240 per year toward retirement in 40 years. If he invests this sum at the end of every year at 9%, then how much will be accumulated by retirement time? If by astute investing the interest rate could be raised to 12%, then what sum could be saved? If he deposits one fourth of this annual amount each quarter ($60 per quarter) in an interest bearing account earning a nominal annual interest rate of 12%, compounded quarterly, how much could be saved by retirement time? In part (c), then what annual effective interest rate is being earned?
Answers: 3
Business, 22.06.2019 08:50, cmflores3245
Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.
Answers: 2
Business, 22.06.2019 12:10, Marcus2935
Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?
Answers: 2
A young engineer decides to save $240 per year toward retirement in 40 years. If he invests this sum...
Mathematics, 21.01.2021 17:40
Health, 21.01.2021 17:40
History, 21.01.2021 17:40
Physics, 21.01.2021 17:40
Mathematics, 21.01.2021 17:40
Health, 21.01.2021 17:40