Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- You have $58,138.29 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $240,000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number.arrow_forwardIn planning for your retirement, you would like to withdraw $50, 000 per year for 19 years. The first withdrawal will occur 20 years from today. What amount must you invest today if your return is 15% per year?arrow_forwardYou want to accumulate $1,250,000 prior to retirement. If you can earn 10% per yr. and have the next 30 years to save every month, how much would you need to save at the beginning of every month to fulfill your wishes?arrow_forward
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- You want to be able to withdraw $20,000 from your account each year for 30 years after you retire. You expect to retire in 25 years. If your account earns 8% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?arrow_forwardHow much should Colin put into an account today that earns 6.5 percent per year if he wants to be able to withdraw $900 annually for 10 years starting today (t=0), then $3500 annually for the next 9 years, then $7000 annually for the next 10 years, and then $6500 annually for the next 10 years? (Use NPV on calculator).arrow_forwardYou will retire in 26 years and can afford to put away 11 % of your salary each year. You make payments at the end of each year, including year 26 30. If your salary over the coming year is $118,930 but you expect it to grow at 4 % per year, and you assume a 7% return (annually) on your 401K, how big will your "nest egg" be at retirement? (Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234. Please DO NOT do any intermediate rounding and only round the final answerarrow_forward
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