Answer: D. and assuming they retire at age 50, Cindy will have over 50% more than Melvin
Explanation:
Since Melvin begins his retirement fund at age 30, depositing $1,000 per month until age 50 while Cindy begins her retirement fund at age 20, depositing the same $1,000 per month amount until age 50 with a 5% annual interest on their funds, then we can deduce that if they retire at age 50, Cindy will have over 50% more than Melvin.
Therefore, the correct option is D.
Answer:
II only;
An employee's compensation, which consists of a flat salary plus a commission is an example of mixed cost.
Answer:
Tbh I myself want to start one but I am scared. Any tips on how to start... and how it works?
Explanation:
Some of the features of the alternative financial products
are the following;
-
The AFS was able to provide a microfinance form
-
The AFS also provides services financially
-
The AFS’ Services in their finance are from non-bank
final institutions
Answer:
International investment has become more one-sided, consisting almost entirely of foreign direct investment.
Explanation:
This is because now internationally opportunities are being seized to have a better return on investment , to invest where opportunity cost is better and scope of foreign direct investment includes purchase of assets and shares.