ashioya0021
17.03.2020 •
Business
Which of the following terms does not deal with investing for the future?
A. Overdraft
B. Bond
C. Retirement Plan
D. Social Security
*PLEASE ANSWER ASAP*
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Ответ:
Term that does not deal with investing for the future is
D. Social Security
Explanation:
Bonds are usually signed as a transaction or a proof for the requirement of a future transmission in the governmental records by two private bond holders.
Overdrafts are similar and are presented as drafts of the money that is owed while a retirement plan works towards the future for when the plan holder will eventually retire.
Only social security is provided on a daily basis to the people in need pf governmental assistance for their survival.
Ответ:
The answer is 23.92 years
Explanation:
Future value(FV) = $201,000
Present value(PV) = $51,000
Annual rate of interest(i)= 5.9%
Using a texas BA II plus calculator:
FV = 201,000
PV= -51,000
I/Y = 5.9
CPT N = 23.92 years
OR
FV = PV × (1 + i)^N
$201,000 = $51,000 × (1 + 0.05.9)^N
3.9 = (1 + 0.05.9)^N
Solving this, the number of years is 23.92 years