Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- Suppose you save $2,800 ayear for 43 years into an investment account that earns 8.5% return, how much will you have at the end of the periods? Formula? Excel Function?arrow_forwardDouble your money-Rule of 72. Approximately how long will it take to double your money if you get an annual return of 4.6%, 7.1%, or 10 4% on your investment? Approximately how long will it take to double your money if you get a 4.6% annual return on your investment? years (Round to two decimal places.)arrow_forwardHow much must you deposit into an account today so that you can have $20,000 in twelve years? Assume that the account earns 6% per year compounded quarterly. You should deposit $arrow_forward
- How much would you have to deposit now to have $15,000 in 8 years if interest is 7%?arrow_forwardSuppose you invest $200 a month for 6 years into an account earning 9% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 20 years. How much will you have in the end? $ Suppose instead you didn't invest anything for the first 6 years, then deposited $200 a month for 20 years into an account earning 9% compounded monthly. How much will you have in the end?arrow_forwardIf you invest $1,000 in an account that pays an annual interest rate of 6.4%, compounded monthly, how long will it take for your money to double?arrow_forward
- How much will you accumulate if you invest $800 a year for 10 years at a rate of 8% per year?arrow_forwardIf you invest $10,000 at 8.125% interest compounded daily, how long will it take for you to accumulate $15,000? (Give the number of periods and the number of years, rounded to the nearest hundredth.) b) How long will it take for you to accumulate $100,000?arrow_forwardYou will have $100,000 exactly 7 years from now. You began with an investment of $50,000 at Time Zero. What rate of interest did you earn?arrow_forward
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