Janet and Denise have both been given $15,000 by their grandparents today on their 21st birthdays. They want to save for their future and have aspirations of one day being millionaires. Each woman plans to make annual contributions on her birthday, beginning next year. Janet and Denise have each opened investment accounts at the 1st National Bank and 2nd National Bank, respectively, and they expect to earn nominal returns of 6% and 7%, respectively. Janet has already decided to deposit $7,500 each year into her investment account, while Denise is unsure of the amount she will deposit annually. How many years will it take Janet before she reaches her investment goal of $1 million

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Areceive reimbursement for your college visit costs b schedule a tour of the college campus c attend a college class to see what it’s like d both b & c e all of the above

Answer the correct answer for the above statement is (a) increasing workers skills through training;

Maximizing the difference between total revenue and total cost;