You wish to retire in 25 years. You currently have RM300,000 and you think you will need RM3,000,000 at retirement. What annual compounding interest rate must you earn to reach your goal? Assume you also save RM12,000 annually starting end of this year.

Select one:

a.

20.0%

b.

9.19%

c.

8.11%

d.

11.4%

Which of the following statements is correct?

Select one:

a.

The income statements for a given year, say 2019, tells us how much money the company earned during that year.

b.

The statement of cash flows needs tells us how much cash the firm will require during some future period, generally a month or a year.

c.

The four most important financial statements provided in the annual report are the balance sheet, income statement, cash-flow forecast, and the statement of stockholders' equity.

d.

The income statements gives us a picture of the firms financial position at a point in time.

Clear my choice