2 years ago, Ronaldo had $140,000.00 in his account. In 4 years, he expects to have $395,000.00. If he has earned and expects to earn the same return each year from 2 years ago to 4 years from today, then how much does he expect to have in 1 year? O $320,908.71 (plus or minus 10 dollare) O $197,826,40 (plus or minus 10 doliare) O $235,159.52 (plus or minus 10 dollars) $188 292.70 (plus or minus 10 dollars) O none of the answere are within 10 dollars of the correct answer

2 years ago, Ronaldo had $140,000.00 in his account. In 4 years, he expects to have $395,000.00. If he has earned and expects to earn the same return each year from 2 years ago to 4 years from today, then how much does he expect to have in 1 year? O $320,908.71 (plus or minus 10 dollare) O $197,826,40 (plus or minus 10 doliare) O $235,159.52 (plus or minus 10 dollars) $188 292.70 (plus or minus 10 dollars) O none of the answere are within 10 dollars of the correct answer

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Today, Jeff has $350,000 in his savings and Patrick has $875,000. Patrick will not make any more deposits over the next 10 years, but he will earn 7% per year on his current savings. Jeff plans to deposit $8,000 per year into his savings for the next 10 years. He also wants to seek out a higher return for his savings so that he will have the same amount of money as Patrick will 10 years from now. What rate of return will Jeff have to earn over the next 10 years in order to catch up with Patrick? 16.05% 22.09% 19.22% O 17.44%
2. a. Jake is 10 years from retirement. He has decided that in order to be comfortable and be able to travel, he needs to have an income of $8000 per month. How much does he need ta have in his retirement that earns 8% per year compounded monthly, in order to withdraw S8000 per month for 30 years?
John already has $19,598 in his savings account. He plans to make contributions of $753.35 at the end of every three months, until he reaches $47,100. The interest rate is 9.12% compounded annually. a) In how many years and months will he reach his goal? Round up to the next month. P/Y = N = He will reach his goal in A year(s) and A month(s). b) After John reaches $47,100, he wants to withdraw $3,700 at the start of each half year. For how many years and months can he make the withdrawals? Round up to the next month. P/Y= A/ N = A He will withdraw for A A/ year(s) and A month(s).
Tony wants to have $10,000 in 10 years after investing in an account that earns 4.6% compounded monthly. How much does he need to invest?
(b) Rahmat plans to withdraw his money RM 3,090 each year for five years, beginning at the 14th year. To keep his plan successful, he saves the money with the same amount each year. (1) Draw a cash flow to represent the flow of saving and withdrawing of the money. Calculate how much money should he deposits each year for 12 years, starting from the first year. Assume the interest is 8% per year.
Raymond just inherited $10000. How much should Raymond deposit in an account earning 6% interest per year if he would like to have $18500 in his account in 20 years? Include a cash flow diagram in your solution. urgent
Ishan plans to retire at age 40 with a decent lifestyle. He assumes that he can safely earn a real return of 4% annually on his money and that he would need $4000 a month to last until he turned 90. How much money would he need to have accumulated at age 40 (to the nearest thousand) if he were going to retire and no longer earn any money? $1 500 000 $1 050 000 $2 980 000 $ 2 400 000
On the road to financial independence, Toby is planning to save and invest regularly. Toby decides to save $64 at the end of each month and invest the money into a financial instrument that gives him 6.3 percent per annum compounded monthly (after tax). How much will Toby receive from his investment (in $ after 10 years? Using information from previous question: If you expect to get $500,000 after 10 years investment, how much money ($) you have to set aside every end of the month?
Your brother plans to retire in 15 years. He currently has a deposit of $300,000, and think he will need $1,500,000 at retirement. If he can save and deposit $7,000 at the end of each year in the following 15 years, annual rate of interest must he eam to reach his goal? O a. 11.12% O b.8.52% Ос 7.44% O d. 9.00% O e. 10.13% what
Economics 3. Sarah wants to have $2,000,000 in net worth when he retires. To achieve this goal, she plans to invest $1,000 each year (starting one year from now) into an account of time that earns 10% interest rate compour is how many years? a. 31.94 (32 y b. 55.64 (56 ye 25.56 (26 years) d. 20.36 (20 years) ually. The amount of time Sarah can retire as a multimillionaire C.
Your brother plans to start investing. He will invest $655 today; $1073 in 3 year and $1280 in 6 years. How much will he have in 14 years if he earns a 11.2% rate of interest? Answer:
Caroline wants to invest $1300 in an account that earns 2.65% compounded daily. She wants to have a balance of $5000 in the future. How long should she let her money stay in the account for? 48 years 49 years 50 years 51 years

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