Question
An employee contributes$ 400 a year (at the end of the year) to her pension plan. What would be the total contributions and value of
An employee contributes$ 400 a year (at the end of the year) to her pension plan. What would be the total contributions and value of the account after five years? Assume that the plan earns 15% per year over the period.
A.Total contributions equal$ 1,600$ and the value of the account is $ 2,157.44
B.Total contributions equal $ 2,000 and the value of the account is $ 2,427.12
C.Total contributions equal $ 2,000 and the value of the account is $2,696.80.
D.Total contributions equal $1,600 and the value of the account is $1,887.76.
Restrictions on the amount of coverage an insurance policy provides are a tool to limit:
A.How many claims an insured can make.
B. Adverse selection
C.How much insurance an insured can buy .
D.Moral hazard.
In financial markets an IPO is an
A.initial portfolio offering.
B.investment portfolio offering.
C.investment portfolio option.
D.initial public offering.
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