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QUESTION 5 Your grandmother left you $24,108 in her will. If you invest this money and...
1-Your friend has a newborn child and her grandmother invests $10,000 into an account guaranteeing a...
1-Your friend has a newborn child and her grandmother invests $10,000 into an account guaranteeing a 5% annual return. Approximately how much will the value of the account be in eighteen years, assuming all the interest is left in the account? 2-Rather than continuing to buy a $3 latte every day a recent college graduate decides to place $3 each day in a drawer and invest it in a mutual fund at the end of each year. One year from...
8. Your grandmother recently surprised you, and gave you $4,000 expressly for the purpose of starting...
8. Your grandmother recently surprised you, and gave you $4,000 expressly for the purpose of starting your retirement savings. Her only stipulation is that you have to invest the money now, and not touch any of it for the next 40 years (at which point you plan to retire). What will the value of this account be at the end of the 40 years under each of the following return assumptions (assume annual compounding)? a) 6% per year b) 12%...
8. Your grandmother recently surprised you, and gave you $4,000 expressly for the purpose of starting...
8. Your grandmother recently surprised you, and gave you $4,000 expressly for the purpose of starting your retirement savings. Her only stipulation is that you have to invest the money now, and not touch any of it for the next 40 years (at which point you plan to retire). What will the value of this account be at the end of the 40 years under each of the following return assumptions (assume annual compounding)? a) 6% per year b) 12%...
Suppose you loaned your grandmother $1000 today. You let her have the money for 1% interest...
Suppose you loaned your grandmother $1000 today. You let her have the money for 1% interest for two years. Unfortunately, inflation is 2%. How much money does grandma give you in 2 years? What is the current purchasing power of your money? Show your calculations.
You receive $20,000 from your grandmother as a graduation gift. You plan to invest this at...
You receive $20,000 from your grandmother as a graduation gift. You plan to invest this at an annual interest rate of 6.5 percent. How much money will you have 10 years now?
the donar value o s o ng discount rate 8. Your grandmother recently surprised you and...
the donar value o s o ng discount rate 8. Your grandmother recently surprised you and gave you $5,000 expressly for the purpose of starting your retirement savings. Her only stipulation is that you must invest the money now, and not touch any of it for the next 40 years (at which point you plan to retire). What will the value of this account be at the end of the 40 years under each of the following return assumptions (assume...
You receive $20,000 from your grandmother as a graduation gift. You plan to invest this at...
You receive $20,000 from your grandmother as a graduation gift. You plan to invest this at an annual interest rate of 6.5 percent. How much money will you have 12 years now? Group of answer choices $41,220.63 $35,782.89 $42,581.93 $37,542.75
You have $1,000 and you have 2 investment options: A) You can invest all of your...
You have $1,000 and you have 2 investment options: A) You can invest all of your money in an account that pays 5%/year or B) You can invest half of your money in an account that pays 8%, but the other half will sit in your checking account earning nothing. If you plan to leave your money in these accounts for 7 years, which one is the better investment and how much money do you have after 7 years?
1. You have $200 to invest. If you put the money into an account earning 4%...
1. You have $200 to invest. If you put the money into an account earning 4% interest compounded annually, how much money will you have in 10 years? How much money will you have in 10 years if the account pays 4% simple interest? 2. You have $1,300 to invest today at 5% interest compounded annually. a. Find how much you will have accumulated in the account at the end of (1) 6 years, (2) 12 years, and (3)...
You plan to invest your money either in a Bank CD paying 3% per year or...
You plan to invest your money either in a Bank CD paying 3% per year or a Mutual fund with an expected return of 6%. You have $300,000 to invest for 7 years. How much more money will you have at the end of 7 years if you invest in the Mutual fund? $367,491 $227,682 $198,671 $128,540 $ 82,127 On August 1, you borrow $180,000 to buy a house. The mortgage rate is 7.0 percent. The loan is to be...
8. Your grandmother recently surprised you, and gave you $4,000 expressly for the purpose of starting your retirement savings. Her only stipulation is that you have to invest the money now, and not touch any of it for the next 40 years (at which point you plan to retire). What will the value of this account be at the end of the 40 years under each of the following return assumptions (assume annual compounding)? a) 6% per year b) 12%...
8. Your grandmother recently surprised you, and gave you $4,000 expressly for the purpose of starting your retirement savings. Her only stipulation is that you have to invest the money now, and not touch any of it for the next 40 years (at which point you plan to retire). What will the value of this account be at the end of the 40 years under each of the following return assumptions (assume annual compounding)? a) 6% per year b) 12%...
the donar value o s o ng discount rate 8. Your grandmother recently surprised you and gave you $5,000 expressly for the purpose of starting your retirement savings. Her only stipulation is that you must invest the money now, and not touch any of it for the next 40 years (at which point you plan to retire). What will the value of this account be at the end of the 40 years under each of the following return assumptions (assume...
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