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1) You would like to take a cruise in six years. The cruise currently costs $4,250. You expect the price to increase by 4% annually. You can earn 5% on your savings. How much do you need to save at the end of each month so you will be able to afford your cruise in six years?
2) You invest $250 in your savings account at the end of each year and earn an average of 6% per year in interest. How much will you have in your savings account at the end of forty years?
3) You want to have $40,000 to buy a new boat in six years. How much do you have to save at the end of each year to reach this goal if you earn 5% a year on your savings?
What do you think are major reasons that more organizations are recruiting diverse workforce? What are some ways that recruiting would be done differently to attract more African Americans? Latinos? Women?
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Mention the pertinent information on the bond you chose and then calculate the price of one bond from both companies. Based on the credit rating, which company do you believe the bank feels more secure will pay back the loan? Explain your answer.
If upon retirement in twenty years he plans to invest= $800,000 in fund which earns 4%, determine max annual withdrawal he can make over following fifteen years?
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