Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Shaylea, age 22, just started working full-time and plans to deposit $4,500 annually into an IRA earning 9 percent interest compounded annually. How much would she have in 20 years, 30 years, and 40 years? If she changed her
investment period and instead invested $375.00 monthly, and the investment also changed to monthly compounding, how much would she have after the same three time periods? Comment on the differences over time.
Click the table icon to view the future va
Data table
With annual ivestments and compound
24.215
27.152
30.324
33.750
37.450
41.446
45.762
50.423
26.019
| 14
| 15
19.599
21.579
23.657
27.975
31.772
35.950
40.545
45.599
51.159
57.275
64.002
21.015
23.276
30.095
34.405
22.550
32.393
37.280
17.086|
18.292|
20.024
21.825
23.698
25.645
18.599
25.129
29.361
16
20.157
25.673
27.888
33.003
39.190
42.753
17
21.762
25.840
28.213
30.840
36.974
44.501
48.884
28.132
30.539
33.066
35.719
38.505
41.430
44.502
47.727
18
23.414
30.906
33.999
41.301
50.396
55.750
19
25.117
27.671
33.760
37.379
46.018
56.939
63.440
29.778
31.969
34.248
36.618
39.083
41.646
56.085
36.786
39.993
43.392
46.996
50.816
54.865
40.995
44.865
72.052
81.699
92.503
104.603
51.160
56.765
20
26.870
64.203
21
28.676
72.265
55.457
60.893
66.765
73.106
113.283
30.537
71.403
81.214
91.148
102.174
22
49.006
62.873
79.543
88.497
98.347
164.494
442.593
1163.909
23
32.453
53.436
69.532
24
34.426
58.177
76.790
118.155
133.334
241.333
36.459
47.575
75.401
112.797
63.249
94.461
25
84.701
114.413
136.308
199.021
581.826
1668.771
30
66.439
79.058
95.026
152.667
120.800
209.348
154.762
290.336
199.635
406.529
259.057
573.770
337.882
815.084
40
767.091
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Transcribed Image Text:Shaylea, age 22, just started working full-time and plans to deposit $4,500 annually into an IRA earning 9 percent interest compounded annually. How much would she have in 20 years, 30 years, and 40 years? If she changed her investment period and instead invested $375.00 monthly, and the investment also changed to monthly compounding, how much would she have after the same three time periods? Comment on the differences over time. Click the table icon to view the future va Data table With annual ivestments and compound 24.215 27.152 30.324 33.750 37.450 41.446 45.762 50.423 26.019 | 14 | 15 19.599 21.579 23.657 27.975 31.772 35.950 40.545 45.599 51.159 57.275 64.002 21.015 23.276 30.095 34.405 22.550 32.393 37.280 17.086| 18.292| 20.024 21.825 23.698 25.645 18.599 25.129 29.361 16 20.157 25.673 27.888 33.003 39.190 42.753 17 21.762 25.840 28.213 30.840 36.974 44.501 48.884 28.132 30.539 33.066 35.719 38.505 41.430 44.502 47.727 18 23.414 30.906 33.999 41.301 50.396 55.750 19 25.117 27.671 33.760 37.379 46.018 56.939 63.440 29.778 31.969 34.248 36.618 39.083 41.646 56.085 36.786 39.993 43.392 46.996 50.816 54.865 40.995 44.865 72.052 81.699 92.503 104.603 51.160 56.765 20 26.870 64.203 21 28.676 72.265 55.457 60.893 66.765 73.106 113.283 30.537 71.403 81.214 91.148 102.174 22 49.006 62.873 79.543 88.497 98.347 164.494 442.593 1163.909 23 32.453 53.436 69.532 24 34.426 58.177 76.790 118.155 133.334 241.333 36.459 47.575 75.401 112.797 63.249 94.461 25 84.701 114.413 136.308 199.021 581.826 1668.771 30 66.439 79.058 95.026 152.667 120.800 209.348 154.762 290.336 199.635 406.529 259.057 573.770 337.882 815.084 40 767.091 Help me solve this View a 50 2400.018 ar all Check answer Print Done
Shaylea, age 22, just started working full-time and plans to deposit $4,500 annually into an IRA earning 9 percent interest compounded annually. How much would she have in 20 years, 30 years, and 40 years? If she changed her
investment period and instead invested $375.00 monthly, and the investment also changed to monthly compounding, how much would she have after the same three time periods? Comment on the differences over time.
Click the table icon to view the future value annuity table
With annual investments and compounding, after 20 years, Shaylea would have $. (Round to the nearest cent.)
Help me solve this
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Transcribed Image Text:Shaylea, age 22, just started working full-time and plans to deposit $4,500 annually into an IRA earning 9 percent interest compounded annually. How much would she have in 20 years, 30 years, and 40 years? If she changed her investment period and instead invested $375.00 monthly, and the investment also changed to monthly compounding, how much would she have after the same three time periods? Comment on the differences over time. Click the table icon to view the future value annuity table With annual investments and compounding, after 20 years, Shaylea would have $. (Round to the nearest cent.) Help me solve this View an example Get more help - Clear all Check answer
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