You plan to invest in securities that pay 8.6%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $8,266.40?   a. 6.09 years     b. 5.59 years     c. 11.63 years     d. 11.94 years     e. 12.19 years

You want to retire in 40 years as a millionaire (i.e., to have $1,000,000). If 6% is the average rate of return on the investment during this time period, then how much should you invest per month starting at the end of this month? a. $702 b. $602 C. $802 d. $502

You are 19 years old today. You want to have $381,507.06 in an investment account when you are 60 years old. You will start with an initial deposit in one year from now and grow it by 3% per year for a total of 15 investments. How much is the amount of that initial deposit? Assume an interest rate (a.k.a. return on your investment of 6%. Use the $ sign and a comma and round to the nearest thousand...(e.g. $8,000 would be the form of a correct answer). Hint..the correct answer should be very close to a multiple of $1,000. Previous Page Next Page Page 16 of 19

Which of the following investments that pay will $9,500 in 14 years will have a lower price today? The security that earns an interest rate of 5.50%.   The security that earns an interest rate of 8.25%.

Which of the following investments that pay will $18,500 in 8 years will have a higher price today? The security that earns an interest rate of 8.50%.   The security that earns an interest rate of 12.75%.

You invest $280 in a mutual fund today that pays 5.7 percent interest annually. How long will it take to double your money? (Round final answer to 0 decimal place, e.g. 25.) Number of years

You are planning your retirement in 10 years. You currently have $161,000 in a bond account and $601,000 in a stock account. You plan to add $7,900 per year at the end of each of the next 10 years to your bond account. The stock account will earn a return of 10.75 percent and the bond account will earn a return of 7.25 percent. When you retire, you plan to withdraw an equal amount for each of the next 24 years at the end of each year and have nothing left. Additionally, when you retire you will transfer your money to an account that earns 6.5 percent. How much can you withdraw each year in your retirement? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Annual withdrawal amount $ 188,765.43

You plan to invest in bonds that pay 6.0%, compounded annually. If you invest $10,000 today, how many years will it take for your investment to grow to $15,000?   a. 13.92 years     b. 13.72 years     c. 6.55 years     d. 16.67 years     e. 6.96 years

You are opening an investment account that will earn 11.5% compounded annually.  You will invest $1,000 today, $5,000 one year from today, $18000 two years from today, $8,000 three years from today, and $12,000 four years from today.  What will the value of your account be 4 years from today?   Question 2 options:   53,225   59,065   51,775   54,635   58,705

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