1. Assume that you contribute $390 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $780 per month for another 25 years. Given a 6 percent interest rate, what is the value of your retirement plan after the 40 years?
2. In comparing industrial ratio analysis, caution should be used due to:
1. different year ends may produce different results.
2. ratios may vary from source to source.
3. firms may use different accounting methods
4. all the above
5. b. and c. only