Question
Inflation refers to a. rising prices. b. declining prices. c. the opposite of wealth. d. the opposite of stagflation. e. declining interest rates. Nithya is
Inflation refers to
a. | rising prices. | |
b. | declining prices. | |
c. | the opposite of wealth. | |
d. | the opposite of stagflation. | |
e. | declining interest rates. |
Nithya is single. She puts $3000 a year ($250/month) into her retirement plan at work. Her company matches with another $3,000! Nithya stays with this company and her investments earn an average of 6% a year. ABOUT How much will Nithya have in her account in 30 years?
$90,000 | ||
$1,235,000 | ||
$475,000 | ||
$235,000 | ||
$650,000 |
The stated interest rate on your account is 5% with interest compounded monthly. If you deposit $50 each month, how much will you have in your account in 5 years? (Use the 5 financial keys.)
a. | $3,000 | |
b. | $4,350 | |
c. | $3,050 | |
d. | $3,200 | |
e. | $3,400 |
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