2 years ago, Ronaldo had $140,000.00 in his account. In 4 years, he expects to have $395,000.00. If he has earned and expects to earn the same return each year from 2 years ago to 4 years from today, then how much does he expect to have in 1 year? O $320,908.71 (plus or minus 10 dollare) O $197,826,40 (plus or minus 10 doliare) O $235,159.52 (plus or minus 10 dollars) $188 292.70 (plus or minus 10 dollars) O none of the answere are within 10 dollars of the correct answer

2 years ago, Ronaldo had $140,000.00 in his account. In 4 years, he expects to have $395,000.00. If he has earned and expects to earn the same return each year from 2 years ago to 4 years from today, then how much does he expect to have in 1 year? O $320,908.71 (plus or minus 10 dollare) O $197,826,40 (plus or minus 10 doliare) O $235,159.52 (plus or minus 10 dollars) $188 292.70 (plus or minus 10 dollars) O none of the answere 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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Similar questions

Today, Jeff has $350,000 in his savings and Patrick has $875,000. Patrick will not make any more deposits over the next 10 years, but he will earn 7% per year on his current savings. Jeff plans to deposit $8,000 per year into his savings for the next 10 years. He also wants to seek out a higher return for his savings so that he will have the same amount of money as Patrick will 10 years from now. What rate of return will Jeff have to earn over the next 10 years in order to catch up with Patrick? 16.05% 22.09% 19.22% O 17.44%
2. a. Jake is 10 years from retirement. He has decided that in order to be comfortable and be able to travel, he needs to have an income of $8000 per month. How much does he need ta have in his retirement that earns 8% per year compounded monthly, in order to withdraw S8000 per month for 30 years?
John already has $19,598 in his savings account. He plans to make contributions of $753.35 at the end of every three months, until he reaches $47,100. The interest rate is 9.12% compounded annually. a) In how many years and months will he reach his goal? Round up to the next month. P/Y = N = He will reach his goal in A year(s) and A month(s). b) After John reaches $47,100, he wants to withdraw $3,700 at the start of each half year. For how many years and months can he make the withdrawals? Round up to the next month. P/Y= A/ N = A He will withdraw for A A/ year(s) and A month(s).
Tony wants to have $10,000 in 10 years after investing in an account that earns 4.6% compounded monthly. How much does he need to invest?
Ishan plans to retire at age 40 with a decent lifestyle. He assumes that he can safely earn a real return of 4% annually on his money and that he would need $4000 a month to last until he turned 90. How much money would he need to have accumulated at age 40 (to the nearest thousand) if he were going to retire and no longer earn any money? $1 500 000 $1 050 000 $2 980 000 $ 2 400 000
On the road to financial independence, Toby is planning to save and invest regularly. Toby decides to save $64 at the end of each month and invest the money into a financial instrument that gives him 6.3 percent per annum compounded monthly (after tax). How much will Toby receive from his investment (in $ after 10 years? Using information from previous question: If you expect to get $500,000 after 10 years investment, how much money ($) you have to set aside every end of the month?
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
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

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