Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Hi help me please it's econ finance class work second picture is question
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Scenario #2: Pamela
Pamela is also a saver. She sets aside $100 per month during her 40 year career. She invests in the US stock market*
through an index fund that averages a 7% return over this 40 year period.
Co
5. What is the total balance in
6. How much of the total did
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7. How much money did Pamela
make through compounded
returns in this investment
the account after 40 years?
Pamela contribute herself?
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account?
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8. Why is Pamela's total balance so much greater than Raul's even though she contributed the same amount as
he did?
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use one of these calculators to better understand the power of compounding.
Part I: The Power of Compounding
Use the compound interest calculator to answer the questions for each of the following scenarios. Here are a few things
to do when using the calculator:
The Initial Investment will be the same as the Monthly Contribution.
Set the Compound Frequency to Annually.
Round all monetary answers to the nearest whole dollar.
P Type here to search
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