Jenny wants a monthly retirement income of $12,000. She will retire on her birthday at age 70 with a $3,000 per month social security monthly benefit and a $4000 per month defined benefit pension. She expects to die on her birthday at age 95 and would like to leave $75,000 to each of her 6 children. She expects a 7.9% annual return on her Roth 401k. She expects a 2.6% annual rate of inflation. How much will she need to have saved to invest when she retires? (See WB Ch. 10 Example 10.6 and 10.8)

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84

Double corporation acquired all of the common stock of simple company for