Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You invest $9,000 today at an annual interest rate of 5%. How much do you expect to have 5 years from now if the interest compounds each year?
$10,225.91 |
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$11,133.33 |
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$11,486.53 |
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$11,979.14
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- Assume you can obtain an annual interest rate of 12% compounding monthly. You are going to invest $1,000 for two years. Over how many time periods will you be compounding your return? Group of answer choices 12 1 24 2arrow_forward11. You deposit $1,000 today, $3,000 two years from now, and $5,000 five years from now. How much money will you have at the end of year 5 if the annual compound interest rates for each year are predicted to be different and shown in the table below? Year Interest rate 1. 2 3 4 5 5% 10% 15% 15% 20%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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