Question: Bonus Point Questions (because I am a nice guy) 21. Your goal is to accumulate $2,000,000 and then retire. To that end, you would like
Bonus Point Questions (because I am a nice guy) 21. Your goal is to accumulate $2,000,000 and then retire. To that end, you would like to invest $50,000 annually. Given the 10% annual return on your investment fund of choice, how many years will it take you to retire? a. 14.55 years (b.) 16.89 years FV=Arn(1+r)n1 c. 36.36 years d. 40.00 years 22. Which formulation provides us with the unconditional probability of an outcome? a. P(A)=P(AB)/P(BA) (b.) P(A)=P(AB)+P(ABC) c. P(A)=P(AB)P(B)+P(ABC)P(BC)
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