1. Juanita inherits $10,000 and invests it for 30 years at a “net” 9% return. How much money will she have at the end of the period?

Your grandmother invested $1,000 for you the day you were born. How much will this investment be worth on your 30th birthday, assuming the investment earned 6% interest compounded quarterly?

Jillian invested $2,000 six years ago at 4.5 percent interest. She spends all of her interestearnings immediately, so she only receives interest on her initial $2,000 investment. How muchinterest is she earning each year?

Two years ago, Kevin invested $9,400.00. Today, he has $10,800.00. If Kevin earns the same annual rate implied from the past and current values of his invsetment, then in how many years from today does he expect to have exactly $40,700.00 O 19.11 years (plus or minus 0.05 years) O 21.11 years (plus or minus 0.05 years) O 13.91 years (plus or minus 0.05 years) O 29.07 years (plus or minus 0.05 years) O None of the above is within .05 percentage points of the correct answer

Zayden will receive an inheritance of R850 000 four years from now. His discount rate is a 9,2% interest rate, compounded semi-annually. Which of the following values is closest to the amount that he should accept today for the right to his inheritance?

An engineer planning for her retirement will deposit 10% of her salary each year into a stock found. The initial balance in her stock found (year 0) is S20,000. If her salary this year is $120,000 (end of year 1) and she expects her salary to increase by 5% each year, what will be the future worth of the found after 25 years if it earns 15% per year? O $4,202.290.77 O 5,480,462.35 O 5,315,867.58 O $4,138,818.64 O 3,543,911.72

Your evil step-uncle wishes to leave you some of his wealth. You must choose how he wills the money to you.   OptionA: He ‘gives’ you $1000.00.  He will invest the money on your behalf, at 7.5% per annum, compounded monthly. He will add $1000 to the account at the end of each year. At his death the accumulated sum will pass to you. Option B: He ‘gives’ you $2000.00 per year until he dies. This money is not invested, and the accumulated sum will pass to you at his death.     a) If you knew Uncle was going to die in 5 years, which option would you choose? How much money would you inherit from Option A? From Option B?   b) If you knew Uncle was going to die in 20 years, which option would you choose? How much money would you inherit from Option A? From Option B?

James invests $20,000 on his 25th birthday and plans to add $2,000 to his investment each year until his 40th birthday. The interest rate is 5.5% compounded annually. a) What will be the value of Clark's investment on his 40th birthday? b) How much will his investment have earned by his 40th birthday?

Leon and Heidi decided to invest $2,750 annually for only the first Nine years of their marriage. The first payment was made at age 25. If the annual interest rate is 9%, how much accumulated interest and principal will they have at age 70?

You are 22 and inherit 60000 from your grandmother If you wish to purchase a 120000 camper to celebrate your 30th nirthday what compound annual interest rate ofcreturn must you earn