This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You made your first 3,000 deposit today into a retirement account earning an average annual rate of ... (Read 120 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jul 10, 2018
You made your first 3,000 deposit today into a retirement account earning an average annual rate of 6.
 
  How long will it take your deposit to reach a value of 50,000? How long will it take if instead you invest the money into an account earning 10 per year? After making your calculations, how does this information affect your decision-making regarding long-term investments?
  What will be an ideal response?

Question 2

Blue sky laws refer to
 
  A)
 
  state laws protecting investors in intrastate security sales.
  B)
 
  federal laws protecting investors in interstate security sales.
  C)
 
  municipal laws regulating building heights.
  D)
 
  common laws that give shareholders the right to sue fraudulent securities issuers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dmurph1496

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: n = = = 48.28 years vs. = 29.52 years.
Hopefully, the student will recognize that low interest rates, while often associated with lower-risk investments, have the risk of taking too long to meet future value objectives. With time frames such as in this problem, investors are often willing to invest in higher risk - higher expected return investments.

Answer to Question 2

A


BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jul 10, 2018
Thank you :)


dmurph1496

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jul 10, 2018
Happy to help you


« previous next »
 

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?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Walrus tusk engraving made by Chukchi artisans depicting polar bears attacking walruses. On display Walrus tusk engraving made by Chukchi artisans depicting polar bears attacking walruses. On display
Emanuel Leutze’s Washington Crossing the Delaware (1851) is riddled with historical inaccuracies, mo Emanuel Leutze’s Washington Crossing the Delaware (1851) is riddled with historical inaccuracies, mo
Maximal Heart Rate Over Time Maximal Heart Rate Over Time
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
Population growth and growth rate, 1950 - 2100 Population growth and growth rate, 1950 - 2100
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Integumentary Anatomy

For a complete list of videos, visit our video library