IST 101 – Fall 05 – A



BUS101– A.Lynch Name:__________________

===================== Due: ___________________

Homework - Ch. 9/10 – Financing and Securities

Socking away money for retirement is a great idea, but how much do you really need to save? How long do you need to work to set yourself up comfortably in your golden years? Enter your information below, the charts and numbers on the right will change as you go along, so try a few different numbers and see how different scenarios might play out for you. Visit this web site and put numbers in that will help you know how long your money will last you during retirement.

Research the web, find the websites with the answers to the following questions, and provide the answers to:

1. What is the rate of interest a bank will charge you to hold your money in a savings account? _____________ a 6-month CD? __________________

2. What is the rate of interest a bank will charge you to lend you money on your credit card? _______________, give you a cash advance on a credit card? ____________

3. What is Check21?

4. Describe what happened to Enron and WorldCom.

5. What is the stock price of Google? Ford? Sirius Radio? Coca-Cola? Have these stocks been rising or falling? What are the stock symbols for each? moneycentral.investor/common/find.asp will help you find stock quotes and symbols

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