What Is the Approximate Number of Baby Boomers in the US

question 14

Multiple Choice

What is the approximate number of baby boomers in the US?

• A)55-60 million
• B)60-65 million
• C)65-70 million
• D)70-75 million
• E)75-80 million

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Definitions:

Simple Interest

Interest calculated on the principal amount of a loan or deposit, not including any previously earned interest.

Financial Position

Represents the net worth of an entity, detailing assets, liabilities, and shareholders' equity at a specific point in time.

Assignable Loan Contract

A loan agreement that allows the lender to transfer or assign the loan to another party.

Finance Company

A financial institution that offers loans, leases, and other financial services to consumers and businesses.