1)   What amount invested each year at 3% annually will grow to $200,000 at the end of 25 years?   a. $1,822.67   b. $2,095.25   c. $5,485.57   d. $233.33   2)   If the payments in #1 were made at the beginning of the year, what amount would need to be invested each year ?   a. $2,107.13   b. $2,002.44   c. $5,622.23   d. $5,325.80

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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1)

 

What amount invested each year at 3% annually will grow to $200,000 at the end of 25 years?

 

a.

$1,822.67

 

b.

$2,095.25

 

c.

$5,485.57

 

d.

$233.33

 

2)

 

If the payments in #1 were made at the beginning of the year, what amount would need to be invested each year ?

 

a.

$2,107.13

 

b.

$2,002.44

 

c.

$5,622.23

 

d.

$5,325.80

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