Author Question: Your daughter is born today and you want her to be a millionaire by the time she is 40 years old. ... (Read 266 times)

kwoodring

  • Hero Member
  • *****
  • Posts: 560
Your daughter is born today and you want her to be a millionaire by the time she is 40 years old.
  open an investment account that promises to pay 11.5 per year.
 
  How much money must you
  deposit today so your daughter will have 1,000,000 by her 35th birthday?
  A) 20,100 B) 22,150 C) 28,575 D) 18,940

Question 2

The distinguishing feature of a corporation is that:
 
  A) a corporation is a legally defined, artificial being, separate from its owners.
  B) there are no legal differences between the corporation and its owners.
  C) it spreads the liability for its corporate obligations to all shareholders.
  D) it provides limited liability only to small shareholders.



janeli

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

For a complete list of videos, visit our video library