Po ofIn its first 10 years a mutual fund produced an average annual resum of 20.31%. Assume that money evested in this fund continues to eam 20.31% compounded annuely How long will take money isted in this fondIt will take appemately year) for the money invested in his fund to disable(Round up to the nearest year)

Present value is the current value of a future amount of money after accounting for the time value…

in to first 10 years a mutual fund produced an average a 2.31% Assume that in this and contesto 20.31% compounded eely How tong way in th will take appmately years) for the money invested in and to Pound up to the nearest year)

in to first 10 years a mutual fund produced an average a 2.31% Assume that in this and contesto 20.31% compounded eely How tong way in th will take appmately years) for the money invested in and to Pound up to the nearest 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

See similar textbooks

Similar questions

This question is based on the following information: Each of the three independent investments below has a life of 10 years. The cost of capital for the 3 investments is 14%. The PV of an annuity of P 1 for 10 years at 14% is 5.216. Amount (O) Annual cash inflows (I) Net present value (NPV) Investment A P449,400 P 100,000 ? Investment B ? 70,000 13,800 Investment C 198,208 ? 36,512 The amount of investment for investment B isA. P 351,320B. P 351,230C. P 350,000D. P 315,320
Sinking fund formula found to nearest cent annual payments with 6% interest compounded annually for 5 years and will accumulate 8400
You invested $8,500 at the end of each half-year for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $115,000, what was the nominal interest rate compounded semi-annually? % Round to two decimal places
You deposit the following, at the end of each year, into a growth mutual fund that earns 8% per year. Calculate the future total value of the fund at the end of 5 years. Enter Your answer rounded to decimal places, no dollar sign, ex. 5100.54 Year Deposit 1 8,000 2 6,000 3 4,500 4 9,500 5 6,000
Sean's investment of $81,400.00 in a fund matured to $155,777.80 in 8 years. If the interest in the fund is compounded semi-annually, calculate the following rounded to two decimal places. a. Periodic interest rate (i)(i) % b. Nominal interest rate (j)
You make single investment of $500 in mutual fund earning 8% annual interest which is compounded monthly. You leave it in the fund for 6 years. After 6 years, you begin depositing $80 per month into the fund. You do this for the next 14 years, A.) How much is in the fund after the first 6 years? Round to the nearest cent B.) How much is in the fund after all 20 years (6+14 years)?Round to the nearest cent
An investment with an initial deposit of $5,210 is growing at an interest rate of 7.55% compounded monthly. Round all answers to two decimal places where necessary. 1. Find the accumulated amount of the investment at the end of 2 years. P/Y = C/Y = PV = $ P/Y = C/Y = PV = $ N = Total Interest = $ PMT= $ 2. At the end of the 2 years, the interest rate changes to 3.69% compounded quarterly. Calculate the accumulated amount in this investment at the end of 6 years from the initial deposit of $5,210. Next Question N = I/Y = PMT= $ FV = $ I/Y = FV = $ % 3. Find the total amount of interest accumulated during the entire 6 years of the investment. (enter a positive value) % 1hr19mins
At the beginning of each year, you deposit the following into a growthmutual fund that earns 6 percent per year:Year Deposit1 $ 5,000.002 7,500.003 4,500.004 5,500.005 6,200.00 ======== $28,700.00How much should the fund be worth at the end of 5 years?

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS