1 years ago, Ronaldo had $141,000.00 in his account. In 5 years, he expects to have $409,000.00. If he has earned and expects to earn the same return each year from 1 years ago to 5 years from today, then how much does he expect to have in 1 year? O $168,384.90 (plus or minus 10 dollars) O $201,088.47 (plus or minus 10 dollars) O $267,129.36 (plus or minus 10 dollars) O $164,169.00 (plus or minus 10 dollars) O none of the answers are within 10 dollars of the correct answer

1 years ago, Ronaldo had $141,000.00 in his account. In 5 years, he expects to have $409,000.00. If he has earned and expects to earn the same return each year from 1 years ago to 5 years from today, then how much does he expect to have in 1 year? O $168,384.90 (plus or minus 10 dollars) O $201,088.47 (plus or minus 10 dollars) O $267,129.36 (plus or minus 10 dollars) O $164,169.00 (plus or minus 10 dollars) O none of the answers are within 10 dollars of the correct answer

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

Problem 1PS

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3. Mr. Rodriguez invests $2,000 in a savings plan. The savings account pays an annual interest rate of 5.75% on the amount he put in at the end of each year. a. How much will r. Rodriguez eam if he leaves his money in the savings plan for 10 years? b. How much money will be in his savings plan at the end of 10 years?
Your brother plans to retire in 15 years. He currently has a deposit of $300,000, and think he will need $1,500,000 at retirement. If he can save and deposit $7,000 at the end of each year in the following 15 years, annual rate of interest must he eam to reach his goal? O a. 11.12% O b.8.52% Ос 7.44% O d. 9.00% O e. 10.13% what
Mr. Mangano is considering taking early retirement, having saved $400,000. Mr. Mangano wishes to determine how many years the saving will last if he withdraws $60,000 per year at the end of each year. Mr.Mangano's savings can earn 10 percent per year. 11.67 years. 11.35 years 10.90 years 11.53 years. 12.01 years
Your brother plans to start investing. He will invest $655 today; $1073 in 3 year and $1280 in 6 years. How much will he have in 14 years if he earns a 11.2% rate of interest? Answer:
Caroline wants to invest $1300 in an account that earns 2.65% compounded daily. She wants to have a balance of $5000 in the future. How long should she let her money stay in the account for? 48 years 49 years 50 years 51 years
Vijay
You plan to start your own business and are investing today to grow some seed money. You have $15571 to invest and aim to have $29610 in 7 years. What interest rate must you earn to meet your goal? Include 2 decimal places. Answer:
Calculate the Present Value given the following: Jack invests $5,000 at the end of year 1, and every year increases his investment amount by $1000 for 5 years. Interest = 4%. N = 5
Four years ago, Leroy invested $12,600.00. Today, he has $20,700.00. If Leroy earns the same annual rate implied from the past and current values of his invsetment, then in how many years from today does he expect to have exactly $50,600.00 O 7.20 years (plus or minus 0.05 years) 7.57 years (plus or minus 0.05 years) O 6.25 years (plus or minus 0.05 years) 11.20 years (plus or minus 0.05 years) None of the above is within .05 percentage points of the correct answer
D Two years ago, Reggie invested $19,900.00. Today, he has $21,600.00. If Reggie earns the same annual rate implied from the past and current values of his investment, then in how many years from today does he expect to have exactly $38,000.00 O 0.00 years (plus or minus 0.05 years O 15.78 years (plus or minus 0.05 years O 22.35 years (plus or minus 0.05 years O 13.78 years (plus or minus 0.05 years O None of the above is within .05 percentage points of the correct answer
Your uncle Claude is 70 years old. Over the years, he has accumulated savings of $300,000. He estimates that he will live another 10 years at the most and wants to spend his savings by then. Uncle Claude places his $300,000 into an account earning 6% annually and sets it up in such a way that he will be making 10 equal annual withdrawals. [Indicate which Table you used and show all your work]
Bert plans to invest $5,120.00 in 3 years and $3,970.00 in 5 years. He expects to earn 8.59 percent per year. How much money does Bert expect to have in 11 years? O $15,822.62 (plus or minus 10 dollars) O $11,077.78 (plus or minus 10 dollars) O $16,408.17 (plus or minus 10 dollars) O $14,911.77 (plus or minus 10 dollars) O none of the answers are within 10 dollars of the correct answer

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