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NEW QUESTION: 1
A parent wants to save 50,000 for her daughter's education. She needs this amount in six years. How much does she need to begin saving a year from now, every year, if the savings can be invested at 5%?
A. 7,351
B. 7,001
C. 7,937
Answer: A
Explanation:
Using a financial calculator: FV = 50,000; N = 6; I/Y = 5; CPT PMT = 7,351
NEW QUESTION: 2
Under the Uniform Securities Act (USA), which of the following statements would be disallowed?
A. Neither the statements in Selections B or C would be allowed under the guidelines of the Uniform
Securities Act.
B. A sales representative of GetErDone Broker-Dealers guarantees that a client can expect an average
annual rate of return of 2% on a mutual fund investment the sales representative is selling, pointing to the
fact that the fund has returned an average annual rate of return of 6% over the past ten years.
C. An insurance company guarantees a fixed payment of $300 a month for life on an annuity it is selling.
D. The government of the U.S. guarantees a 3% interest rate, to be paid semiannually, on a new 5-year
Treasury note.
Answer: B
Explanation:
A sales representative (aka an agent) of a broker-dealer may not make any guarantees.
Only three entities are allowed to make guarantees under the Act: Parent companies, which may
guarantee the securities of one of its subsidiaries, the U.S. government, and insurance companies.
NEW QUESTION: 3
Which of the following conditions must be met for importing routes into BGP using the network command? (Select 2 answers)
A. The routes must match the specified mask length.
B. The routes must be IGP routes.
C. The routes must be optimal in the IP routing table.
D. The routes do not need to match the specified mask length.
Answer: A,C
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