ECONOMICS
INSURANCE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
$27, 000 job, if the benefits package is worth more than the $3, 000 difference in salary
|
|
|
$27, 000 job, because her taxes will be lower
|
|
|
$30, 000 job, since she has no need for medical benefits because she is healthy
|
|
|
$30, 000 job, because if she is making a higher salary, she is guaranteed quarterly sales increases
|
Detailed explanation-1: -A simple rate of return is calculated by subtracting the initial value of the investment from its current value, and then dividing it by the initial value. To report it as a %, the result is multiplied by 100.
Detailed explanation-2: -The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors obtain a rough estimate of how many years it will take for the initial investment to duplicate itself.
Detailed explanation-3: -Budgeting and saving goals within a financial plan. Investing as part of a financial plan. Estate planning goals within a financial plan. Insurance’s role within a financial plan.
Detailed explanation-4: -FV = Future Value. r = Rate of Return. n = Number of Periods.