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UGBA 135 Final

What's the rule of 72? - Answer- How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? - Answer- A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the business. T/F f you start a busine...

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What is the biggest problem facing us in the future? - Answer- Longevity, not retirement Where is the burden of saving and investing for retirement and health care shifting? - Answer- From employer to employee What percentage of households have income of more than $113,000? - Answer- 10% What percentage of households earn $160,000? - Answer- 5% What is a common trait of millionaires? - Answer- The ability to communicate and sell their ideas Where can the lender not take out money ...

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