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Author Question: A financial advisor tells you that you can make your child a millionaire if you just start saving ... (Read 89 times)

jessicacav

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on: Jul 11, 2018
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


Jordin Calloway

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Reply #1 on: Jul 11, 2018
Answer to Question 1

A

Answer to Question 2

B


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jessicacav

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Reply #2 on: Jul 11, 2018
Correct answers!


Jordin Calloway

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Reply #3 on: Jul 11, 2018
Great! Please up vote :D


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