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Author Question: Assume that you set aside $500 per year, and invest that money over the next five years in an ... (Read 357 times)

geodog55

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on: Apr 14, 2019

Question 1

Don wants to have $50,000 available in 10 years for retirement living expenses and health care. If he earns an average of 8% on his investments, what amount must he invest each year?


◦ $3,453
◦ $5,000
◦ $4,372
◦ $4,003

Question 2

Assume that you set aside $500 per year, and invest that money over the next five years in an account earning 6%. What is the amount of interest you will earn on this investment?


◦ $300
◦ $319
◦ $263
◦ $250
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by geodog55 on Apr 14, 2019

bfulkerson77

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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geodog55

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Reply 2 on: Apr 14, 2019
YES! Correct, THANKS for helping me on my review

momolu

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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