Travis invests $5,500 today into a retirement account. He expects to earn 9.2 percent, compounded annually, on his money for the next 13 years. After that, he wants to be more conservative, so only expects to earn 6 percent, compounded annually. How much money will he have in his account when he retires 25 years from now, assuming this is the only deposit he makes into the account?

$34,747.80

Explanation:

This 25 years investment will be conducted in two parts:

A) $5,500 invested at 9.2% rate compounded annually for 13 years. The future value of this part is:

B) $17,268.59 invested at 6.0% rate compounded annually for 12 years. The future value of the total investment is:

Travis will have $34,747.80 on his account when he retires.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.