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(1 point) Gretchen invests 5800 dollars in a mutual fund on January 1. On March 1,...
Winnie invests in the Chow Fund. On January 1, 2016, her account has a balance of...
Winnie invests in the Chow Fund. On January 1, 2016, her account has a balance of 75,000 in the Fund. On April 30, 2016 Winnie has a balance of 80,000 and decides to withdraw 20,000 to go to Europe for the summer. On August 30, 2016, Winnie has a balance of 55,000 in the Fund. She decides to deposit 12,000 in the Fund at that time. Finally, on August 1, 2017, Winnie withdraws 15,000 to pay her tuition. Prior to...
Winnie invests in the Chow Fund. On January 1, 2016, her account has a balance of...
Winnie invests in the Chow Fund. On January 1, 2016, her account has a balance of 75,000 in the Fund. On April 30, 2016 Winnie has a balance of 80,000 and decides to withdraw 20,000 to go to Europe for the summer. On August 30, 2016, Winnie has a balance of 55,000 in the Fund. She decides to deposit 12,000 in the Fund at that time. Finally, on August 1, 2017, Winnie withdraws 15,000 to pay her tuition. Prior to...
(1 point) Suppose that you open a mutual fund account with a deposit of 520 dollars....
(1 point) Suppose that you open a mutual fund account with a deposit of 520 dollars. 3 months later, the fund balance is 620 dollars, and you withdraw 216 dollars. A year after the account was opened, your balance is X dollars. If the dollar weighted and time weighted rates of return were the same, what is the rate of return? (Assume simple interest for the dollar weighted calculation.) Answer = percent
(1 pt) Suppose that you open a mutual fund account with a deposit of 505 dollars....
(1 pt) Suppose that you open a mutual fund account with a deposit of 505 dollars. 5 months later, the fund balance is 595 dollars, and you withdraw 192 dollars. A year after the account was opened, your balance is X dollars. If the dollar weighted and time weighted rates of return were the same, what is the rate of return? (Assume simple interest for the dollar weighted calculation.) Answer = percent. Can use excel as long as answer is...
6. An investor deposits $2000 into a fund at time 0. Four months later when his balance has declined to $1900 he withdraws $300. After four more months his balance is $1800 and he deposits $500....
6. An investor deposits $2000 into a fund at time 0. Four months later when his balance has declined to $1900 he withdraws $300. After four more months his balance is $1800 and he deposits $500. At the end of a year his balance is 2400. a. Find this investor' s (dollar weighted) annual rate of return. (You can assume simple interest.) b. find the fund's annual (time weighted) rate of return. 6a. Current spot rates are si- 0.025, s2...
Let A be the balance in a fund on January 1, 2018, B be the balance...
Let A be the balance in a fund on January 1, 2018, B be the balance in the fund on September 30, 2018, and C be the balance in the fund on December 31, 2018. a) If there are no deposits or withdrawals during 2018, show that the dollar-weighted rate of return and the time-weighted rate of return for the fund during 2018 are both equal to (C-A)/A. b) If there was a single deposit of Wimmediately after the September...
(1 point) Your grandmother gives you 2400 dollars for your birthday, which you invest in a...
(1 point) Your grandmother gives you 2400 dollars for your birthday, which you invest in a mutual fund on January 1. On June 1, your fund balance is 7200 dollars, and you then deposit 1000 dollars (which you received for your high school graduation). On the following January 1, you calculate that your dollar-weighted rate of return for the year was 33.4 percent. What was your time-weighted rate of return for the year? Answer = percent
Cicely invests 3600 dollars in an account paying an effective rate of interest of 6.4 percent. Two years later, she deposits an additional 1950 dollars. If there are no other transactions, how long w...
Cicely invests 3600 dollars in an account paying an effective
rate of interest of 6.4 percent. Two years later, she deposits an
additional 1950 dollars. If there are no other transactions, how
long will it take (from the time of the first investment) for her
account balance to reach 8400 dollars? (Assume simple interest
between compoundings.)
Answer = years and days.
(Note: your answer for the number of years should be a whole
number, while your answer for the number...
1-Your mother just inherited $500,000. If she invests the money in a well-diversified, low-cost mutual fund...
1-Your mother just inherited $500,000. If she invests the money in a well-diversified, low-cost mutual fund returning 8% per year, how many years will it take her investment to become worth $1,000,000? 2- You just graduated from college and landed your first "real" job, which pays $70,000 a year. In 19 years how much will you need to earn to maintain the same purchasing power if inflation is 3.00% per year?
Chapter 3 - Nonlevel annuities - Geometric A trust fund has 7000 dollars on January 1,...
Chapter 3 - Nonlevel annuities - Geometric
A trust fund has 7000 dollars on January 1, 2020. It pays interest once a year starting on January 1, 2021 at an annual effective rate of 5%. (a) If the beneficiary makes no withdrawals from the fund, the balance at the end of 10 years will be (b) Now assume that the beneficiary will be allowed to withdraw the interest payment and an additional 10% of the balance on each January 1...
Winnie invests in the Chow Fund. On January 1, 2016, her account has a balance of 75,000 in the Fund. On April 30, 2016 Winnie has a balance of 80,000 and decides to withdraw 20,000 to go to Europe for the summer. On August 30, 2016, Winnie has a balance of 55,000 in the Fund. She decides to deposit 12,000 in the Fund at that time. Finally, on August 1, 2017, Winnie withdraws 15,000 to pay her tuition. Prior to...
(1 point) Suppose that you open a mutual fund account with a deposit of 520 dollars. 3 months later, the fund balance is 620 dollars, and you withdraw 216 dollars. A year after the account was opened, your balance is X dollars. If the dollar weighted and time weighted rates of return were the same, what is the rate of return? (Assume simple interest for the dollar weighted calculation.) Answer = percent
6. An investor deposits $2000 into a fund at time 0. Four months later when his balance has declined to $1900 he withdraws $300. After four more months his balance is $1800 and he deposits $500. At the end of a year his balance is 2400. a. Find this investor' s (dollar weighted) annual rate of return. (You can assume simple interest.) b. find the fund's annual (time weighted) rate of return. 6a. Current spot rates are si- 0.025, s2...
Let A be the balance in a fund on January 1, 2018, B be the balance in the fund on September 30, 2018, and C be the balance in the fund on December 31, 2018. a) If there are no deposits or withdrawals during 2018, show that the dollar-weighted rate of return and the time-weighted rate of return for the fund during 2018 are both equal to (C-A)/A. b) If there was a single deposit of Wimmediately after the September...
(1 point) Your grandmother gives you 2400 dollars for your birthday, which you invest in a mutual fund on January 1. On June 1, your fund balance is 7200 dollars, and you then deposit 1000 dollars (which you received for your high school graduation). On the following January 1, you calculate that your dollar-weighted rate of return for the year was 33.4 percent. What was your time-weighted rate of return for the year? Answer = percent
Cicely invests 3600 dollars in an account paying an effective
rate of interest of 6.4 percent. Two years later, she deposits an
additional 1950 dollars. If there are no other transactions, how
long will it take (from the time of the first investment) for her
account balance to reach 8400 dollars? (Assume simple interest
between compoundings.)
Answer = years and days.
(Note: your answer for the number of years should be a whole
number, while your answer for the number...
Chapter 3 - Nonlevel annuities - Geometric
A trust fund has 7000 dollars on January 1, 2020. It pays interest once a year starting on January 1, 2021 at an annual effective rate of 5%. (a) If the beneficiary makes no withdrawals from the fund, the balance at the end of 10 years will be (b) Now assume that the beneficiary will be allowed to withdraw the interest payment and an additional 10% of the balance on each January 1...
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