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  3. 3.demarcus wants to retire with $1million in savin

3.DeMarcus wants to retire with $1million in savings by the time he turns 60. He...

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Accounting

3.DeMarcus wants to retire with $1million in savings by the time he turns 60. He is currently 18 years old. How much will he need to save each year, assuming he can get a 11% annual return on his investments?

4..How much will be in an account at the end of five years the amount deposited today is $10,000 and interest is 8% per year, compounded semi-annually?

5..You have $3,000 that you may need any day to replace the furnace in your house. Which of the following would be the best place to put the $3,000?

A common stock mutual fund earning 9%

B.A savings account earning 2%

C.A one-year CD earning 4%

D.Shares of stock in a high-tech company that could double in 6 months

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