Suppose that immediately after graduation you invested $3,000 each year for 15 years and nothing thereafter. You earn 10% on this money
Which of the following is closest to the amount of money you would you have on deposit when you retired in 40 years (25 years after the deposits stopped)?
A) $47,812
B) $523,482
C) $834,295
D) $1,032,736
Answer: D
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. Sales promotion is the use of techniques that create a perception of greater brand value among consumers, the trade, and business buyers, but the techniques can't entail an incentive. 2. The complex and information-rich tools of IBP can help create brand loyalty and competitive advantage. 3. One advantage of sales promotions is that the results are simple to measure. 4. Sales promotion can break through the media clutter. 5. Historically, more money has been budgeted for sales promotion than for advertising.
Not wanting to make a serious judgment error, you convene a meeting of your team. In the process of discussing an issue, George, Barbara, and Dan voice agreement over alternative 1, whereas Bill and Morgan have not spoken
If you accept alternative 1, what potential mistake would you be making? A) Illusion of unanimity B) Direct pressure C) Illusion of invulnerability D) Illusion of morality