Michelle is 25 years old and has decided to start a retirement program. Beginning in exactly one year, she will save $15,000 per year for 30 consecutive years to support thei retirement. When she reaches retirement at age 55, which one comes closest to how much she will have saved for her retirement? Assume the rate of 4%. 390,000 1145 907

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Cash and Liquid Asset Management

Cash management is the process of controlling cash inflow & cash outflow, managing the cashflows inside the business, and utilizing the cash for business operation at any point in time. A business has to maintain a certain level of cash to meet various financial obligations. Cash management is essential because businesses must utilize the cash to generate maximum profit. Cash management also ensures to maintain maximum liquidity in the business.