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masha68 [24]
3 years ago
9

Joe decides that he will contribute $5,000 a year to his 401(k) plan when he starts saving for retirement. What is the best acti

on Joe can take to ensure that his money will grow the most before he retires?
a Choose risky stocks with a high return.
b Put the money in an IRA instead.
c Invest the funds as early as possible.
d Use the money to pay down his mortgage instead.
Business
1 answer:
AfilCa [17]3 years ago
5 0
I feel that the answer would be C as that would give it the most time to grow and build, but I have heard many times that IRA's can be better as far as tax. I would go with C, unless your class has specifically been leaning about IRA's. 
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Answer:

Answer for the question:

There are ten polluting firms, Firm1,. . . ,Firm10. Each firm emits 100 pounds of pollution prior to any regulations (so there are currently 1,000 pounds being emitted). Each firm has constant marginal abatement costs, but the costs vary across firms. Conveniently, the firms’ names indicate their marginal abatement costs. Firm1’s marginal abatement costs are constant at $1 per pound, Firm2’s marginal abatement costs are constant at $2 per pound,. . . , and Firm10’s marginal abatement costs are $10 per pound.

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Leo purchased a stock for $47.10 a share, received a $1.74 dividend per share and sold the shares for $50.10 a share. During the
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6.96%

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