A financial advisor tells you that you can make your child a millionaire if you just start saving
early.
You decide to put an equal amount each year into an investment account that earns 7.5
interest per year, starting on the day your child is born. How much would you need to invest each
year (rounded to the nearest dollar) to accumulate a million for your child by the time he is 35 years
old? (Your last deposit will be made on his 34th birthday.)
A) 6,525 B) 20,347 C) 12,500 D) 7,910
Question 2
Which of the following would NOT normally be considered a flotation cost?
A) printing and engraving expenses B) dividends
C) legal fees D) underwriter's spread
Early in the twentieth century, when malnutrition was common, companies such as this one advertised
To make an ice pack, place crushed ice in a plastic bag, bleed the air out of it, and seal it. Wrap
EEG electrodes attached to the child’s scalp provide a record of brain activity in multiple ...
Measuring a child’s height with a measuring stick
Parent restraint of a young child during examination of the ear
The Economics of Money, Banking and Financial Markets, Business School Edition