Can I please get some help please I am confused. We didn’t cover this in class. As shown in the picture under the “ANSWER” I will provide the answers in brackets of the two options available. The retirement account at (Mutual of Omaha OR Aviva) will have the most money with $(14,266.44 OR 13,590.48) at the end of (30 OR 20) years. While the account at (Aviva OR Mutual of Omaha) will have only $(13,590.48 OR 14,266.44) after ( 20 OR 30) years
Can I please get some help please I am confused. We didn’t cover this in class. As shown in the picture under the “ANSWER” I will provide the answers in brackets of the two options available. The retirement account at (Mutual of Omaha OR Aviva) will have the most money with $(14,266.44 OR 13,590.48) at the end of (30 OR 20) years. While the account at (Aviva OR Mutual of Omaha) will have only $(13,590.48 OR 14,266.44) after ( 20 OR 30) years
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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Can I please get some help please I am confused. We didn’t cover this in class.
As shown in the picture under the “ANSWER” I will provide the answers in brackets of the two options available.
The retirement account at (Mutual of Omaha OR Aviva) will have the most money with $(14,266.44 OR 13,590.48) at the end of (30 OR 20) years. While the account at (Aviva OR Mutual of Omaha) will have only $(13,590.48 OR 14,266.44) after ( 20 OR 30) years.
![You have two choices of investment for your $5000 inheritance. The retirement
account at Aviva has an interest rate is 5% and it is compounded daily with a required
investment length of 20 years. While at Mutual of Omaha, you could invest at 3.5%
compounded monthly and it would have a required investment length of 30 years.
Find which account will have the most money at the end of it's investment term.
ANSWER:
The retirement account at [ Select ]
v will have the most money
with $ Select]
at the end of [ Select ]
years. While the account at [Select]
will have only $
[ Select]
after
[ Select]
years.
Question 5
2 pts](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d78f8e5-d6bc-4994-a72a-31391ccd8d53%2F2cf9c107-4f94-4dde-b1db-deda4ab8f253%2F57ess5b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You have two choices of investment for your $5000 inheritance. The retirement
account at Aviva has an interest rate is 5% and it is compounded daily with a required
investment length of 20 years. While at Mutual of Omaha, you could invest at 3.5%
compounded monthly and it would have a required investment length of 30 years.
Find which account will have the most money at the end of it's investment term.
ANSWER:
The retirement account at [ Select ]
v will have the most money
with $ Select]
at the end of [ Select ]
years. While the account at [Select]
will have only $
[ Select]
after
[ Select]
years.
Question 5
2 pts
![You have two choices of investment for your $5000 inheritance. The retirement
account at Aviva has an interest rate is 5% and it is compounded daily with a required
investment length of 20 years. While at Mutual of Omaha, you could invest at 3.5%
compounded monthly and it would have a required investment length of 30 years.
Find which account will have the most money at the end of it's investment term.
ANSWER:
The retirement account at [ Select ]
v will have the most money
with $ Select]
at the end of [ Select ]
years. While the account at [Select]
will have only $
[ Select]
after
[ Select]
years.
Question 5
2 pts](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d78f8e5-d6bc-4994-a72a-31391ccd8d53%2F2cf9c107-4f94-4dde-b1db-deda4ab8f253%2Fwo8sy3b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You have two choices of investment for your $5000 inheritance. The retirement
account at Aviva has an interest rate is 5% and it is compounded daily with a required
investment length of 20 years. While at Mutual of Omaha, you could invest at 3.5%
compounded monthly and it would have a required investment length of 30 years.
Find which account will have the most money at the end of it's investment term.
ANSWER:
The retirement account at [ Select ]
v will have the most money
with $ Select]
at the end of [ Select ]
years. While the account at [Select]
will have only $
[ Select]
after
[ Select]
years.
Question 5
2 pts
Expert Solution
Step 1
Future value is the worth of the amount in future at a specified time period. It is calculated by adding the interest to the present value. Interest amount is calculated based on the discount rate. This discount rate reflects the time value of money as well.
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