9 Six months after graduation from college, Jennifer decided to start a savings account for graduate school. She researched her investment options and found the three options below. Option 1 2.99% APR Option 2 3.00% APR Option 3 3.01% APR compounded monthly compounded quarterly compounded semi-annually Make a recommendation on the option she should choose. Be prepared to explain your reasoning.

9 Six months after graduation from college, Jennifer decided to start a savings account for graduate school. She researched her investment options and found the three options below. Option 1 2.99% APR Option 2 3.00% APR Option 3 3.01% APR compounded monthly compounded quarterly compounded semi-annually Make a recommendation on the option she should choose. Be prepared to explain your reasoning.

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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Question 6
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You have $100,000 in your savings account and plan to retire with $750,000 in the bank in 40 years. You are hoping to achieve areasonable rate of return on your investments and want to know the target rate you should be looking for. Select one: a. 4.12 b. 3.14 c. 5.16 d. 6.13
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STRATEGY 2: SAVINGS EARLY PLAN Assume that you are 22 years old and are started saving for retirement on January 1, 2022. You plan to retire on December 31, 2064, when you are 64 years old. There are 43 years from the time you started investing (saving) until you retire. You have no previous or other retirement savings when you start to save. Assume there are 365 days in each year from 2022 to 2064. (Ignore leap years). Assume that taxes will not affect any of the amounts or your savings. You invest $350 at the end of each month into a retirement account paying 8.75% compounded monthly for 15 years starting on January 1, 2022. After 15 years, you do not make any more payments or withdrawals and leave the money in the retirement account until retirement. Show all work and answer the following questions: Assuming no withdrawals or additional payments were made, how much money will be in your retirement account after 15 years? After 15 years, how many years are left until you retire?…
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Sub : FinancePls answer very faast.I ll upvote. Thank You Bobbie has $6,000 that she wants to invest today to grow into $50,000. She finds an investment that earns 8.5% with quarterly compounds. How many years will she wait till she has the $50,000? Group of answer choices 25.99 years 28.00 years 25.21 years 100.83 year Please answer using excel function for NPER
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