Author Question: What annual rate of return would Grandma Zoe need to earn if she deposits 1,000 per month into an ... (Read 123 times)

rl · **on:** Jul 10, 2018

What annual rate of return would Grandma Zoe need to earn if she deposits 1,000 per month into an account beginning one month from today in order to have a total of 1,000,000 in 30 years?

A) 4.55
B) 5.28
C) 5.98
D) 6.23

Question 2

Holders of equity have claims on both income and assets that are secondary to the claims of creditors.

Indicate whether the statement is true or false