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1) Your uncle just gave you $30,000 to invest for your retirement. You want to manage your money well and invest it safely. You believe
1) Your uncle just gave you $30,000 to invest for your retirement. You want to manage your money well and invest it safely. You believe that you can earn 6% per annum in a safe investment. How much money will you have in 40 years time?
Multiple Choice
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$301,399.23
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$308,571.54
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$236,457.21
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$352,251.65
| Sales | $5,962,000.00 |
| Cost of Goods Sold | 3,844,520.00 |
| Operating Expenses | 1,250,560.00 |
| Depreciation | 310,850.00 |
| EBIT | 556,070.00 |
| Interest Expense | |
| Taxable Income | |
| Taxes @ 30% | |
| Net Income |
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