Annuities are the reverse of life insurance in that they are different means of liquidating a fund.

All of the following are differences that need to be overcome for international collaborative arrangements to be effective EXCEPT ________

A) national disparities in governmental policies B) company variances in strategic directions and objectives C) governmental differences in export restrictions D) company diversity in management styles and structures

If an employee earning $75,000 per year annually for 20 years contributes 6% to their 401(k) plan and the employer matches 3%,

plus contributes $5000 to a Roth IRA annually for 20 years, how much money will the employee have at the end of 20 years assuming all funds are invested at 6% per annum? A) $432,231 B) $524,234 C) $450,456 D) $365,056