1. Jonas just inherited $75,000 from a distant cousin. He plans to save it for his retirement in 30 years. Jonas deposited it in an account earning 6% compounded semiannually. How much will Jonas have when he retires?
2. A Chiquita Brands International, Inc. bond with a face value of $1,000 is currently selling at a price of $1,010. It has a coupon rate of 6% and matures in 2025.
Should you invest in the bond? Explain.
3. The budgeting policy that requires consideration of the funded delivery period and the production of complete, usable end items is known as:
Annual Funding
Full Funding
Advance Procurement
Incremental Funding