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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You have just made your first $5,500 contribution to your retirement account.
Assuming you earn a return of 10 percent per year and make no additional
contributions, what will your account be worth when you retire in 45 years?
What if you wait 10 years before contributing? (Does this suggest an
investment strategy?)
Input area:
Present value
Interest rate
Number of years
Number of years
(Use cells A6 to 89 from the given information to complete this
question. Your answer should be a positive value.)
Output area:
$5,500
10%
45
35
Future value
Future value
$
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Transcribed Image Text:You have just made your first $5,500 contribution to your retirement account. Assuming you earn a return of 10 percent per year and make no additional contributions, what will your account be worth when you retire in 45 years? What if you wait 10 years before contributing? (Does this suggest an investment strategy?) Input area: Present value Interest rate Number of years Number of years (Use cells A6 to 89 from the given information to complete this question. Your answer should be a positive value.) Output area: $5,500 10% 45 35 Future value Future value $
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