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 earned a $273,000 bonus this year and invested it at 8.20% per year. How much could you withdraw at the end of each of the next 20 years?
Group of answer choices
$29,648
$32,703
$31,146
$34,370
$28,221
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- Question 6. Your friend turned out to be dishonest and was looking to con you out of $4,902,714. After clearing your mind and refocusing, you decide to calculate how much money you would need to put aside at the beginning of each month for the next 30 years in order to have $4,902,714. You estimate conservatively that your money will earn 2% a year, compounded monthly. What will your monthly contribution to the account need to be?arrow_forwardSuppose you inherited $1,135,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years? a. $117,761.21 b. $108,786.34 c. $111,148.74 d. $22,285.19 e. $93,637.50arrow_forwardYou are scheduled to receive $40,000 in two years. When you receive it, you will invest it for 6 more years at 7 percent per year. How much will you have in 8 years? Multiple Choice $45,837.07 $63,030.67 $57,027.75 $68,727.45 $60,029.21arrow_forward
- whats the Annual payment at the beginning of each year its a practice quiz im struggling witharrow_forwardYou want to retire in 40 years as a millionaire (i.e., to have $1,000,000). If 6% is the average rate of return on the investment during this time period, then how much should you invest per month starting at the end of this month? a. $702 b. $602 C. $802 d. $502arrow_forwardUsing the previous table, enter the correct factor for three periods at 5%: Future value x Factor = Present value $8,000 x = $6,912 You may want to own a home one day. If you are 20 years old and plan on buying a $200,000 house when you turn 30, how much will you have to invest today, assuming your investment yields an 8% annual return? $fill in the blank 8f0fa5fb3029fb7_2 USE SNIPPET TO ANSWERarrow_forward
- You’ve invested your savings at 8% and been able to accumulate $500,000. If you withdraw $50,000 at the end of every year, how long until the balance has been reduced to zero? a. 20.91 years b. 10.00 years c. 18.49 years d. 13.91 years e. 7.63 yearsarrow_forwardYou will receive $8,000 in five years. When you receive it, you will invest it for 8 more years at an annual rate of 6%. How much money will you have 13 years from now? Question 7 options: 16,453 14,680 17,063 12,751 15,121arrow_forwardHow much less will you have if you invest $200,000 over 25 years at 8% compounded semi-annually versus compounding quarterly? Multiple Choice $27,792.55 $27,192.55 $26,992.55 $27,392.55 $27,592.55arrow_forward
- You want to retire in 40 years as a millionaire (i.e., to have $1,000,000). If 6% is the average rate of return on the investment during this time period, then how much should you invest per month starting at the end of this month? a. $502 b. $702 c. $802 d. $602arrow_forwardHow much should you pay for the promise of $2,000 in 5 years? Assume you would like to earn 4.5% per year. Group of answer choices 1. $1,865 2. $2,000 3. $2,100 4. $1,605arrow_forwardSub : FinancePls answer very faast.I ll upvote. Thank You Bobbie has $6,000 that she wants to invest today to grow into $50,000. She finds an investment that earns 8.5% with quarterly compounds. How many years will she wait till she has the $50,000? Group of answer choices 25.99 years 28.00 years 25.21 years 100.83 year Please answer using excel function for NPERarrow_forward
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