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 today, and each year thereafter she invests $1,095 in her account. If the account is expected to earn a 7% return how much would she have after 30 years of investing?
3-Suppose the individual in #2 (above) begins investment of the same amount into the above account age 40; how much would she have after 15 years of investing with the same 7% return?
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1-Your friend has a newborn child and her grandmother invests $10,000 into an account guaranteeing a...
Your grandmother has invested $3000 in a mutual fund each year on your birthday (she made her first payment when you turned 1 year old). The mutual fund has grown at an annual interest rate of 6.8%. How much is your account worth on the day of your 21st birthday immediately after your grandmother’s deposit?
Your grandmother has invested $8000 in a mutual fund each year on your birthday (she made her first payment when you turned 1 year old). The mutual fund has grown at an annual interest rate of 6.8%. How much is your account worth on the day of your 21st birthday immediately after your grandmother’s deposit?
Your grandmother has invested $10000 in a mutual fund each year on your birthday (she made her first payment when you turned 1 year old). The mutual fund has grown at an annual interest rate of 6.8%. How much is your account worth on the day of your 21st birthday immediately after your grandmother's deposit? Your Answer: Answer
Your grandmother sends you a check of $1,000, telling you to start investing early. So you invest the $1,000 in a market index fund with an expected return of 8% annually. You also place $5 in a drawer each day and plan to invest the accumulated savings ($1,825) from the drawer into the same market index fund at the end of the year. If you keep saving in this manner, how much will you have accumulated after 40 years? Select...
on her 20th birthday, suizie invests $10,000 in an IRA(individual retirement account the earns 8 percent per year. She continues to invest %5,500 on each birthday for the next 48 years. how much money will she have at age 48?
if XYZ invests 3,100 today and 3,100 in 1 year in an account that has an expected annual return of 16.8 percent, compounded quarterly, then how much money will she have in her account in 3 years?
h. A 20-year-old student wants to save $5 a day for her retirement. Every day she places $5 in a drawer. At the end of each year, she invests the accumulated savings ($1,825) in a brokerage account with an expected annual return of 8%. 1. If she keeps saving in this manner, how much will she have accumulated at age 65? 2. If a 40-year-old investor began saving in this manner, how much would he have at age 65? 3....
A 20-year-old student wants to save $5 a day for her retirement. Every day she places $5 in a drawer. At the end of each year, she invests the accumulated savings ($1,825) in a brokerage account with an expected annual return of 8%. 1. If she keeps saving in this manner, how much will she have accumulated at age 65? 2. If a 40-year-old investor began saving in this manner, how much would he have at age 65? 3. How...
4) interest on interest. 5) simple interest. 6 Question 2 (0.2 points) -. Your grandmother has invested $6000 in a mutual fund each year on your birthday (she made her first payment when you turned 1 year old). The mutual fund has grown at an annual interest rate of 6.8%. How much is your account worth on the day of your 21st birthday immediately after your grandmother's deposit? 12 Your Answer: 15 Answer DView hint for Question 2 Question 3...
QUESTION 5 Your grandmother left you $24,108 in her will. If you invest this money and leave it in an account that return 0.067 per year, how much will you have in 40 years?