1. You invest $16,425 today and you plan to keep this investment for 15 years. If...
1. Assume that you invest $3,249.66 and your investment grows at 9% for each of the first 2 years. At that point, you learn that the investment is likely to only earn 6% for the remaining 3 years. This means that you will not be able to reach your goal unless you invest more money. How much more would you have to deposit at the end of 2 years so that you can meet your goal? Round to two decimal...
a. You are saving for retirement 10 years from now. How much should you invest today so you will have an annuity of $20,000 per year for 20 years starting from the 11" year? b. If you were to invest $10,000 today @6%, how much would you have at the end of 15 years? C. You are planning to save $100,000 for a yacht purchase 5 years from now. If you believe you can earn an 8% rate of return,...
Five years from today, you plan to invest $4,150 for 10 additional years at 7.3 percent compounded annually. How much will you have in your account 15 years from today?
Five years from today, you plan to invest $5,050 for 7 additional years at 7.9 percent compounded annually. How much will you have in your account 12 years from today?
4. If you invest $100,000 today and earn 15 percent annual return on your investment for 30 years, what is the value of your investment 30 years later? (Future Value)
You plan to save $7,300 per year for the next 11 years. After the last deposit, you will keep the money in the account for 3 more years. The account will earn an interest rate of 7.6 percent. How much will there be in the account 14 years from today?
OLLEPUUIL.) 1. If you invest $100,000 today and ea 30 years, what is the value of your 11 00 today and earn 15 percent annual return on your investment for value of your investment 30 years later? (Future Value)
If you invest $71,136.92 today, how much will your investment grow to in 14 years if the interest rate is 1.13%, and interest is compounded monthly? Answer = Cash Flow = r = n =
An investment offers $10,000 at the end of each year for ten years. a. If you can earn 10 percent annually, what is this investment worth today? b. If you do not spend the annual payment but invest it at 10 percent, how much will you have after the ten years have lapsed?
5. You plan to open a business in 10 years. Today you have $5,000 in the bank and plan to put in $600 every month for the next 3 years. You think you will be able to put in $1000 per month for the last 7 years. How much will you have at the end of 10 years if you can earn 7.5% on your money?