An investor who earns $65 000 from employment and wants to save 4.5 percent from his total income would have increased his net worth in one year by

Question

Quizplus · Accepted Answer

To find the amount the investor wants to save, we multiply $65 000 by 4.5 percent (or 0.045), which is $2925. Therefore, the investor would increase his net worth by $2925 in one year. The correct answer is (C) $2925.

An Investor Who Earns $65 000 from Employment and Wants