19. Joe expects to start working immediately after graduation and he is already planning to retire. He wants to retire in twenty-five years with at least $100,000 and hopes that he will be able to do so by investing $2,000 at the end of each year throughout this period. If he earns 5% compounded annually, will he reach his retirement goal in twenty-five years?

a.Yes

b.No

30. Money markets are markets for

a.foreign currency exchange.

b.short-term securities.

c.long-term bonds.

d.corporate stocks.