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1. Assume that you contribute $260 a month to a retirement plan for 20 years. Then you are able to increase the contribution to $460 a month for the next 30 years. Given an 6% interest rate. What is the value of your retirement plan after the 50 years?

2. Given the following information: sales = $525; costs = $400; tax rate = 34%. Assuming costs run at a constant percentage of sales, if sales rise by 11% next year, what will net income be?

Select one: a. $33.00 b. $66.00 c. $72.60 d. $91.58 e. $73.26

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92816491

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