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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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Ivahew [28]
<span>Given that, Promissory note A = 5,500 Discount rate i = 12% i = 12/100 Term n= 5 months we know that, 1 year = 12 months 5 months= 5/12 So we get, A = 5,500 i = 12/100 n= 5/12 To find the ada's proceeds on the loan formula is, Proceeds=A(1+i)^n ........... (1) Put the value of A,i,n in equ (1) Proceeds=5500(1+12/100)^5/12 =5500(1+0.12)^0.417 =5500(1.12)^0.41667 =5500(1.04835) Proceeds=5765.94 Therefore $5765.94 Proceeds on the loan</span>
3 0
3 years ago
Employees who find intrinsic value in their work are doing what is ____________.
bija089 [108]
<span>B. Employees who find intrinsic value in their work are doing what is important to them because this value is associated with personal satisfaction and love for activities and work that is done as part of wanting to do what is done. This is the value that makes the person feel comfortable in his job and work correctly.</span>
8 0
3 years ago
Suppose a company is financed with $20 million of equity and $60 million of debt. That is, the company obtained $20 million from
alexgriva [62]

Answer:

Existing Equity = 20 million

Existing debt = 60 million

Total capital = 20 million + 60 million = 80 million

a. Given company issued 30 million of equity to retire debt

Equity after raise = $20 million + $30 million = $50 million

Debt = $60 million - $30 million = $30 million

Total capital size remain at $80 million

Capital structure, Equity = $50 million/$80 million = 0.625 = 62.50%

Debt = (1-0.625) = 0.375 = 37.50%

b. The market would welcome the new issue as the risk of  the firm would be reduced.

6 0
2 years ago
The product is shown without a decimal point. Where should the decimal point be placed?
mojhsa [17]

Answer:

Answer:B Place the decimal point after 2

Explanation:

All you have to do is multiply 3.12 times 4

7 0
2 years ago
Sarah purchased a stock one year ago at a price of $32 a share. In the past year, she has received four quarterly dividends of $
alexdok [17]

Answer:

$6.

Explanation:

Holding stock of a Public company entitles you to a potential return on your investment which can be in the form of Capital Appreciation/Gain, that is buying at low and selling at high, or Dividends received. In the given question, we are not required to calculate total return rather capital gain, simply the difference between purchase price and selling price, so there is no need to account for dividends. The formula for Capital Gain is given below:

                Capital Gain / Appreciation = Selling Price - Purchase Price

⇒ Capital Gain = 38 - 32 = $6.

7 0
3 years ago
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