Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Twelve years from now, you will be inheriting $60,000 What is this inheritance worth to you today if you can earn 6.0 percent interest, compounded annually?
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- Your grandparents would ilke to establish a trust fund that will pay you and your heirs $125,000 per year forever with the first payment 10 years from today. If the trust fund earns an annual return of 2.4 percent, how much must your grandparents deposit today?arrow_forwardAaron would like to have $2,000,000 when he retires 42 years from now. How much should he set aside each week if his investments can earn 9.1 % ?arrow_forwardHow much final amount would Abraham receive if he invests P100, 000 for 1 year and 3 months at 11% simple interest?arrow_forward
- Carla Willis will invest $26,000 today. She needs $52,317 in 12 years. What annual interest rate must she earn?arrow_forwardYou are expected to retire in 35 years from today. If you make an annual deposit of $20,500 at the end of each year into an investment account that pays 6.88% annually, how much money will your retirement account have at the end of 35 years if the interest in compounded.arrow_forwardJoe Pierce has been offered the opportunity of investing $178,556.90 now. The investment will earn 8% per year and at the end of its life will return $500,000 to Joe. How many years must Joe wait to receive the $500,000?arrow_forward
- You are offered $90,000 today or $360,000 in 15 years. Assuming that you can earn 13 percent on your money, which should you choose? If you are offered $360,000 in 15 years and you can earn 13 percent on your money, what is the present value of $360,000?arrow_forwarda pleasnat gentlemen has advised you via email that you are getting $1 million inheritance. You can invest this a fixed 4%, compounded quarterly. HOw much retirement money will you have after 30 yearsarrow_forwardAn inheritance will be $25,000. The interest rate for the time value of money is 6%. How much is the inheritance worth now, if it will be received (a) in 10 years? (b) in 20 years? (c) in 35 years? (d) in 50 years?arrow_forward
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