Why is it important to start investing for retirement at an early age?

1 answer:

5 0

So you are more experienced when making future investments, you have more positive spending habits and can afford things other may not be able to at that age.

You might be interested in

A company purchased new equipment for $48,000. The company paid cash for the equipment. Other costs associated with the equipmen

brilliants [131]

Answer:

The cost recorded will be $53,400

Explanation:

In this question, we are to give the value of the amount recorded as the cost of the new equipment.

By simply doing some additions, we will be okay.

mathematically, this would be

Cost of equipment recorded = cost of equipment + transportation cost + sales tax + installation cost = 48,00 + 1,200 + 2,500 + 1,700 = $53,400

4 0

3 years ago

Subprime lending means lending to borrowers and charging interest that is below the current prime interest rate.

STALIN [3.7K]

Answer:

False

Explanation:

Subprime lending means lending to borrowers and charging interest that is above the current prime interest rate.

The current prime interest refers to the rate offered to the best credit rated customers based on their credit history. This rate is lower as it is meant to be an attraction for the customers who are good credit payers and takers.

The sub-prime lending refers to giving loans at a rate higher than current prime interest rate to the borrowers who are lower on credit rating. This lending takes on higher risk and hence thereby charges higher interest from the borrowers.

8 0

3 years ago

Bus 322 when the organization makes a large-scale change, such as organizational restructuring, the change would be considered:

Charra [1.4K]

Renovating. Hope this helps you.....

7 0

4 years ago

An economy has a Cobb-Douglas production function:Y=K? (LE) 1-?.The economy has a capital share of a half, a saving rate of 24 p

Nina [5.8K]

Find the attachments sequence wise for complete solution

4 0

4 years ago

You are putting together a team for a special project at work. Your friend Jim and another co-worker John both want to be on the

stellarik [79]

Answer:

You choose Jim since they are both similar employees and choosing your friend is OK

Explanation:

Since in the question it is mentioned that Jim and John both wants to be on the team but there is only one room that belong to other one person. Although they have the same skill and work ethics so here we should choose Jim as it is okay to select friend who have the same attributes or characteristics

Therefore the above represent the answer

7 0

3 years ago