Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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how much would you have to deposit now to have $15,000 in eight years if interest is 7%
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- How much do you have to deposit today so that beginning 11 years from now you can withdraw $12,000 a year for the next 6 years (periods 11 through 16) plus an additional amount of $24,000 in the last year (period 16)? Assume an interest rate of 9 percent.arrow_forwardIf you want to have $60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate of 9%?arrow_forwardHow much do you have to invest today to have $25,000 for the purchase of a car four years from now if the interest rate is 8% compounded annually?arrow_forward
- What is the future value of a $1,000 annuity payment over 4 years if the interest rates are 8 percent?arrow_forward4. If you deposit $4,500 at the end of each of the next 30 years into an account paying 7.9 percent interest, how much money will you have in the account in 30 years? How much will you have if you make deposits for 40 years?arrow_forwardHow much money do you have to put in the bank today to have $80,000, six years from now if your bank pays 8% interest on savings?arrow_forward
- How much would you need to deposit in an account now in order to have $4000 in the account in 5 years? Assume the account earns 7% interest compounded monthly.arrow_forwardHow much should you invest each month in order to have $500,000 if your rate of return is 3.9% compounded monthly and you want to achieve your goal in 40 years?$How much interest will you earn?$How much should you invest each month in order to have $500,000 if you want to achieve your goal in 20 years?$If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?$arrow_forward
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