In Determining the Amount of Money You Will Need for Retirement,you

question 7

Multiple Choice

In determining the amount of money you will need for retirement,you should consider all of the following except

• A) your personal needs and who else you will be supporting.
• B) the expected cost of living due to inflation.
• C) the number of years you expect to live while retired.
• D) inheritance from your children.

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Definitions:

Bond

A fixed income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental, where the issuer owes the holders a debt and is obliged to pay interest and/or to repay the principal at a later date, termed maturity.

Maturity

The date on which a financial obligation or investment becomes due for payment or is to be repaid in full.

Coupon Rate

The yield paid by a fixed-income security; a fixed percentage of the par value of the bond, paid to the investor annually or semi-annually.

Par Value

The face value of a bond or stock as stated by the issuer, which may differ from its market value.