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 11years?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

Future value of money is the amount of deposit done and amount of interest accumulated over the…

Bert plans to invest $5,120.00 in 3 years and $3,970. years? $15,822.62 (plus or minus 10 dollars) $11,077.78 (plus or minus 10 dollars) $16,408.17 (plus or minus 10 dollars) 5 years. He expects to earn 8.59 percent $14,911.77 (plus or minus 10 dollars) none of the answers are within 10 dollars of the correct answer

Bert plans to invest $5,120.00 in 3 years and $3,970. years? $15,822.62 (plus or minus 10 dollars) $11,077.78 (plus or minus 10 dollars) $16,408.17 (plus or minus 10 dollars) 5 years. He expects to earn 8.59 percent $14,911.77 (plus or minus 10 dollars) 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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Similar questions

Cindy will invest $4000 at the beginning of every year for the next 25 years. Her money will earn 11% compounded annually. If she does not withdraw any of the money, how much should she have exactly seven years after she makes the last $4000 investment? $1,054,679 $1,434,739 $950.161 $893,562
Your parents will retire in 22 years. They currently have $220,000 saved, and they think they will need $2,300,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.
Barbara Cartland is scheduled to receive $20,000 in two years. When she receives it, she will invest it for 5 more years, at 8 percent per year. How much money will she have 7 years from now? $44,079.84 $58,773.12 $47,209.19 $36,733.2 $29,386.56
Your parents will retire in 17 years. They currently have $290,000 saved, and they think they will need $2,000,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.
Marc has nothing saved for retirement. He wants to receive $46,000.00 per year for 5 years during retirement. The first of these payments will be received in 7 years. Marc can earn a return of 9.38 percent per year. How much does Marc need to save each year for 6 years to have exactly enough to meet his retirement goal if he makes his first annual savings contribution in 1 year and all savings contributions are equal? O $21,324.88 (plus or minus 10 dollars) O $25,513.05 (plus or minus 10 dollars) O $23,325.15 (plus or minus 10 dollars) O $20,819.31 (plus or minus 10 dollars) O none of the answers are within 10 dollars of the correct answer
Tariq will invest OMR 3000 in an investment fund for the next 30 years starting at the end of this year. The investment will earn 13 percent annually. How much will she have at the end of 30 years Select one: a. 912334.54 OMR b. 879597.64 OMR c. 748212.50 OMR d. 812354.64 OMR e. None of these
Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 49. He believes he will need $470,000 to retire comfortably. To date, Earl has set aside no retirement money. Assume Earl gets 10% interest compounded semiannually. How much must Earl invest today to meet his $470,000 goal? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Investment
Siegfried Basset is 65 years of age and has a life expectancy of 13 more years. He wishes to invest $33,000 in an annuity that will make a level payment at the end of each year until his death. If the interest rate is 8.0%, what income can Mr. Basset expect to receive each year? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Annual income
Scarlett has $22,500 available today to invest for 20 years. Scarlett desires an investment fund balance of $100,000 at that time. What interest rate (compounded annually) must Scarlett earn to reach the desired balance in 20 years? Enter the percent rounded to two digits after the decimal; enter 2.04 for 2.044% or 2.05 for 2.045%. Answer %
Starling wants to retire with $1,950,000 in his retirement account exactly 36 years from today. He will make annual deposits each year at the end of each year to fund his retirement account. If he can earn 9.09 percent per year, how much does he deposit each year? MUST USE EXCEL FORMULA! NOT ALGEBRAICALLY!
Paul Havlik promised his grandson Jamie that he would give him $7,300 5 years from today for graduating from high school. Assume money is worth 10% interest compounded semiannually. What is the present value of this $7,300? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value
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

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