Compute the missing variable for each of the following alternatives of investments to accumulate $1,000,000. for 25 years @ 5% annual interest rate: Following are appropriate factors from tables: Table % / n Present Value of annuity due $1 Present Value of ordinary annuity of $1 Present value of $1 Future Value of ordinary annuity of $1 5%/25 14.79864 14.09394 .29530 47.72710 Required Computations: One single deposit of $ ???????? for 25 years. $ ???????? invested annually at the end of the year.
Compute the missing variable for each of the following alternatives of investments to accumulate $1,000,000. for 25 years @ 5% annual interest rate: Following are appropriate factors from tables: Table % / n Present Value of annuity due $1 Present Value of ordinary annuity of $1 Present value of $1 Future Value of ordinary annuity of $1 5%/25 14.79864 14.09394 .29530 47.72710 Required Computations: One single deposit of $ ???????? for 25 years. $ ???????? invested annually at the end of the year.
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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Compute the missing variable for each of the following alternatives of investments to accumulate $1,000,000. for 25 years @ 5% annual interest rate:
Following are appropriate factors from tables:
|
Table % / n |
|
Present Value of ordinary annuity of $1 |
Present value of $1 |
|
|
5%/25 |
14.79864 |
14.09394 |
.29530 |
47.72710 |
Required Computations: One single deposit of $ ???????? for 25 years.
$ ???????? invested annually at the end of the year.
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