Answer:
Most 401 (k) or IRA accounts allow employees to roll-over their accounts from the old employer to the new employer. Depending on the account and how much time you have been making contributions, you could also cash your retirement account, but that would mean starting from zero with the new employer.
Answer:
$2,583
Explanation:
The required value of your account at year 35 is:
$70,000 / 0.1 = $700,000
FV = $700,000. This is the required amount you need to have in your account 35 years from now
i/r = 10%. The interest that the account pays
n = 35 years
PV = 0
PMT (The amount of annual deposit required to achieve the target above. This is the missing value we need to calculate)
By using financial calculator, we obtain:
PMT = $2,583
Answer:
B) convertible preferred shares
Explanation:
These are the options for the question
A) adjustable rate preferred shares
B) convertible preferred shares
C) common shares
D) corporate bonds
From the question, we are given an instance whereby One of your new clients explains that she prefers investments paying income with a fixed rate of return, but also allows for the possibility of realizing greater gain potential. In this case She would likely
favor investments in convertible preferred shares. Convertible preferred shares can be regarded as corporate fixed-income securities whereby an investor is allowed to turn into particular number of shares of the common stock of the firm after or on a specific date.Convertible preferred shares gives room for the owner so that the shares for a fixed number of shares can be exchanged.