Your After Tax Return on Your Investments Is 2

question 36

Multiple Choice

Your after tax return on your investments is 2.8 percent compounded monthly.Approximately how much will you have to save per month in order to have $80 000 in 25 years to buy a retirement cottage? Assume your investments are not tax sheltered.

• A)$123
• B)$193
• C)$189
• D)$184

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Definitions:

Influence

The capacity or power of one party to affect the beliefs, behaviors, or development of others through direct or indirect means.

Non-substitutability

The characteristic of being unable to be replaced or substituted by an alternative without a loss of value or functionality.

Impression Management

The process by which individuals attempt to control the impressions others form of them, often through the manipulation of information in social interactions.

Autonomy

The right or condition of self-government, or freedom from external control or influence.