You wish to retire in 30 years and determine that you will need $1,000,000 to fund your retirement. If you can invest with a return of 8% you will need to invest ________ each year to reach your goal

When the Federal Reserve purchases bonds from dealers, this:

a) adds liquidity to the financial system and ultimately results in the inter-bank interest rate rising b) subtracts liquidity from the financial system and ultimately results in the inter-bank interest rate rising c) subtracts liquidity from the financial system and ultimately results in the inter-bank interest rate falling d) adds liquidity to the financial system and ultimately results in the inter-bank interest rate falling

What is credit life insurance?

A) Policies that cover payment of a debt if the debtor dies B) Life insurance purchased through credit card solicitation C) Credit given to policyholders who consistently pay their premiums on time D) Insurance offered on credit when the policyholder is unable to pay premiums