At the age of 20, James is starting to save for retirement. If inflation averages 4 percent annually until his retirement age and he earns an average annual rate of return of 13 percent on his investments during this period,
he should be able to enjoy a comfortable retirement.
Indicate whether this statement is true or false.
Answer: FALSE
Business
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Which type of investment, if any, could be classified as short- or long-term, as well as debt or equity?
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