Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

2) Assume that you invest 5 percent of your salary and receive the full 5 percent match from East Coast Yachts. What EAR do you earn from the match

Sagot :

Answer:

The EAR you earn from the match is 100%.

Explanation:

Because you will receive a full 5% match if you invest 5% of your pay, this means you will earn 100% of the match up to 5%.

For instance, if you put in 5% of your salary which is determined to be $500 (i.e. $10,000 salary * 5%), East Coast Yachts will match that amount up to $500. This means that you will receive a 100 percent effective annual return (EAR) from the match.

As a result, the EAR you earn from the match is 100%.

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.