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Four years ago, you opened a mutual fund account and made three deposits ($200 four years ago, SX...
(Note: The problem statement should include another deposit of $X two years ago to be matching...
(Note: The problem statement should include another
deposit of $X two years ago to be matching with the provided Cash
Flow Diagram).
2.72 Four years ago, you opened a mutual fund account and made three deposits ($100 four years ago, SX three years ago, and $200 a year ago) where you earned varying interest rates, according to the diagram that follows. Today 8 CHAPTER 2 Time Value of Money your balance shows $800. Determine the amount of the deposit made...
An account was opened with $1,000 three years ago. Today, the account balance is $1,150. If...
An account was opened with $1,000 three years ago. Today, the account balance is $1,150. If the interest is compounded annually, how much longer will it take for the account to have earned a total of $300 in interest?
Pei's savings account balance is $12,000 today. Pei opened the account exactly 7 years ago with...
Pei's savings account balance is $12,000 today. Pei opened the account exactly 7 years ago with a $10,000 deposit. Pei has made no other deposits or withdrawals. What annual interest rate (compounded annually) has the account earned? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)
Three years ago, you invested in the Future Investco Mutual Fund by purchasing 700 shares of...
Three years ago, you invested in the Future Investco Mutual Fund by purchasing 700 shares of the fund at the price of $ 20.59 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 800 shares in this fund for $22.96 per share. If there were a 2.5% load on this fund, what would your rate of return be?
three years ago James Madison bought 200 shares of a mutual fund $23 a share 23....
three years ago James Madison bought 200 shares of a mutual
fund $23 a share 23. He receive total income dividends of $.92 per
share he also receive total capital gain distributions of $.80 per
share during a three-year period at the end of three years he sold
his shares for $29 a share what was the total return for this
investment
Three years ago, James Matheson bought 200 shares of a mutual fund for $23 a share. During the...
Your parents opened a savings account for you where they plan to make monthly deposits of...
Your parents opened a savings account for you where they plan to make monthly deposits of $200 for the next 10 years, starting with a $200 deposit they made today. Assume the account earns 0.5% interest per month. What will be the value of the account in 10 years?
Three years ago, you made a deposit in a savings account with a 4% APR. The...
Three years ago, you made a deposit in a savings account with a 4% APR. The bank pays interest monthly with no compounding. Today you have $1680 in the bank. What was your original deposit?
Five years ago, you purchased 220.80 shares of a mutual fund. Since then, you have reinvested...
Five years ago, you purchased 220.80 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 35.10 shares. The fund currently has an NAV of $37.60. The fund charges a contingent deferred sales charge of 5 percent for the first 2 years after which time the charge declines by 1 percent a year. How much money will you receive if you redeem all of your shares today? Group of answer choices $9,700.79 $9,510.18...
Monthly deposits of $62.50 are made into a savings account for three consecutive years. One year...
Monthly deposits of $62.50 are made into a savings account for three consecutive years. One year later $2550 is withdrawn from the account, leaving the account empty. Draw the cash flow diagram from the bank 's perspective assuming interest is paid once per year 3. You open a savings account on January 1 with $150 deposit (call this Time 0). The account pays interest at the end of every month. Over the rest of the year, you make the following...
1) You are 50 years old and proud of having $75,000 invested in a mutual fund...
1) You are 50 years old and proud of having $75,000 invested in a mutual fund earning an impressive 17% per year. You want to retire when you are 65 years old and are confident you'll reach your goal of $1,000,000 by then. Will you make it? If not, what yield would see that you do? 2) Jack and Jill want to retire when they accumulate $1,500,000 in their individual retirement funds. They figure that they can just live off...
(Note: The problem statement should include another
deposit of $X two years ago to be matching with the provided Cash
Flow Diagram).
2.72 Four years ago, you opened a mutual fund account and made three deposits ($100 four years ago, SX three years ago, and $200 a year ago) where you earned varying interest rates, according to the diagram that follows. Today 8 CHAPTER 2 Time Value of Money your balance shows $800. Determine the amount of the deposit made...
three years ago James Madison bought 200 shares of a mutual
fund $23 a share 23. He receive total income dividends of $.92 per
share he also receive total capital gain distributions of $.80 per
share during a three-year period at the end of three years he sold
his shares for $29 a share what was the total return for this
investment
Three years ago, James Matheson bought 200 shares of a mutual fund for $23 a share. During the...
Monthly deposits of $62.50 are made into a savings account for three consecutive years. One year later $2550 is withdrawn from the account, leaving the account empty. Draw the cash flow diagram from the bank 's perspective assuming interest is paid once per year 3. You open a savings account on January 1 with $150 deposit (call this Time 0). The account pays interest at the end of every month. Over the rest of the year, you make the following...
1) You are 50 years old and proud of having $75,000 invested in a mutual fund earning an impressive 17% per year. You want to retire when you are 65 years old and are confident you'll reach your goal of $1,000,000 by then. Will you make it? If not, what yield would see that you do? 2) Jack and Jill want to retire when they accumulate $1,500,000 in their individual retirement funds. They figure that they can just live off...
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