Check out the mission statement and job opportunities on the website.
Find out who to address your cover letter to so that it is more personalized.
Answer:
a. How much will Ruby’s IRA be worth when she needs to start withdrawing money from it when she retires?
the future value of Ruby's IRA = $10,000 x 21.725 (FV factor, 8%, 40 periods) = $217,250
b. How much money will she have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal?
she needs to accumulate $875,000 - $217,250 = $657,750 during the next 40 years
the annual contribution = FV / FV annuity factor = $657,750 / 259.057 (FV annuity factor, 8%, 40 periods) = $2,539.02 per year
Answer: True. Market risk refers to the tendency of a stock to move with the general stock market. A stock with above average market risk will tend to be more volatile than an average stock, and its beta will be greater.
Explanation: If a stock has a beta that is greater than 1, there is a higher risk for the stock. High risk stocks have a higher potential for return, but are also easier to lose funds from.
I believe the answer is: it gives a special tax break to employees who are saving primarily for retirement.
This make the taxpayers able to maxmize their purchasing power prior to their retirement. Which allow them to do things such as putting more money down on their mortrage, improve their standard of living, increasing their life saving, or putting of some of their income in various type of investments.
Answer:
The average product of three workers is <u> 40 </u>, and the marginal product of the third worker is <u> 20 </u>.
Explanation:
The average product of labor is the total product divided by the total quantity of labor, this is calculated below:
Total product = 120
Total quantity of labor = 3
∴ average product = 120 ÷ 3 = 40
The marginal product is defined as the output that results from employing an additional labor unit. In this case, when the labor unit was 2, the total product was 100, when a third labor was employed, the total product increased to 120, hence the contribution of the third labor = 120 - 100 = 20. Hence, the marginal product is 20.