Reaching Financial Goals and Paying off Credit Cards

Part A

Part B

Allison and Leslie, who are twins, just received $15,000 each for their 20 th birthday. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her "early retirement fund" on her birthday, beginning a year from today. Allison opened an account with the relatively short history. intermediate calculations. Round your answers to two decimal places. Allison: years Leslie: years are realized? Do not round intermediate calculations. Round your answer to the nearest cent. $ C. Is it rational or irrational for Allison to invest in the bond fund rather than in stocks? I. High expected returns in the market are almost always accompanied by a lot of risk. We couldn't say whether Allison is rational or irrational that she seems to have less tolerance for risk than Leslie does. II. High expected returns in the market are almost always accompanied by less risk. We couldn't say whether Allison is rational or irrational, just she seems to have more tolerance for risk than Leslie does. III. High expected returns in the market are almost always accompanied by a lot of risk. We couldn't say whether Allison is rational or irrational, just that she seems to have more tolerance for risk than Leslie does. she seems to have less tolerance for risk than Leslie does. V. High expected returns in the market are almost always accompanied by a lot of risk. We couldn't say whether istional that she seems to have about the same tolerance for risk than Leslie does. Simon recently received a credit card with a 12% nominal interest rate. With the card, he purchased an Apple iPhone 7 for $430.00. The minimum bayment on the card is only $20 per month. intermediate calculations. Round your answer to the nearest whole number. month(s) your answer to the nearest whole number. month(s) calculations. Round your answer to the nearest cent. $