Announcers present music, news, and sports, and may provide commentary or interview guests aboutthese or other important topics. Some act as masters of ceremonies (emcees) or disc jockeys (DJs) atweddings, parties, or clubs.Many announcers work in radio and television studios. Some announcers are self-employed; others workpart time. The median annual wage for announcers was $29,010 in May 2014.SOURCE: United States. Department of Labor. "Announcers." Occupational Outlook Handbook. 17 Dec. 2015.Web. 8 March 2016.A newscaster earns $28,900 and wants to invest 10% of his/her monthly salary to save for retirement in 22years. If he/she invests this money at 4.7% compounded monthly, how much money will he/she have atretirement?a) How much will be saved each year?$1b) What will be the monthly deposit?c) What will be the amount in the account after 22 years?

Future value is an estimate of future cash flows that may be received at a future date, discounted…

Answered: Announcers present music, news, and…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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