Gladys plans to retire in 5 years. She plans to collect annual payments of $49,900.00 for several years. Her first annual paymentis expected to be received in 5 years and her last annual payment is expected in 10 years. She can earn 12.64 percent per year.How much money does Gladys expect to have in 5 years?O $226,962.52 (plus or minus 10 dollars)O $177,062.52 (plus or minus 10 dollars)$201,493.72 (plus or minus 10 dollars)O $199,443.23 (plus or minus 10 dollars)none of the answers are within 10 dollars of the correct answer

Annual payment=$49900Interest rate=12.84%Period= 5 years

is expected to be received in 5 years and her last annual payment is expected in 10 years. She can earn 12.64 perc How much money does Gladys expect to have in 5 years? $226,962.52 (plus or minus 10 dollars) $177,062.52 (plus or minus 10 dollars) O $201,493.72 (plus or minus 10 dollars) $199,443.23 (plus or minus 10 dollars) O none of the answers are within 10 dollars of the correct answer

is expected to be received in 5 years and her last annual payment is expected in 10 years. She can earn 12.64 perc How much money does Gladys expect to have in 5 years? $226,962.52 (plus or minus 10 dollars) $177,062.52 (plus or minus 10 dollars) O $201,493.72 (plus or minus 10 dollars) $199,443.23 (plus or minus 10 dollars) O 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

Sally has a sum of $26000 that she invests at 12% compounded monthly. What equal monthly payments can she receive over a period of a) 9 years? Answer $ 2600 b) 15 years? Answer= $ 2600 Nnte Vru ran aarn nartial cmrdit on this nmhlem
Brenda Young desires to have $20,000 eight years from now for her daughter’s college fund. If she will earn 4 percent (compounded annually) on her money, what amount should she deposit now? Use the present value of a single amount calculation. Use Exhibit 1-C. (Round time value factor to 3 decimal places and final answer to nearest whole number.)
Bha
Noma plans to save $4,100 per year for the next 40 years. If she can earn an annual interest rate of 9.9 percent, how much will she have in 40 years? Multiple Choice $1,765,994.52 $1,648,261.55 O $164,000.00 $1,689,212.15
Sara deposited $3000 in an account that earns 5.5% simple interest. How much money will be on Sara's account (Principle + interest) in 5 years from now?Round to the nearest cent.
Am. 407.
2
Sally has a sum of $19000 that she invests at 7% compounded monthly. What equal monthly payments can she receive over a period of a) 5 years? Answer = $ b) 8 years? Answer= $
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
Aplesh
Lauren deposited $10,000 today. He plans to withdraw $1100 every year. For how long can she withdraw from the account starting 1 year from now if interest is 89% compounded annually? State your answor in years and months (trom 0 to 11 months) This is an example of OA Compound Interest Problem (PMT-0) OB. Payout Annuity Problem (FV0) OC. Savings Annuity Problem (PV= 0) The TVM variable being solved is OA PMY OB. n Use your TVM solver to answer the following questions (a) It will take years to depelete the account Round UP to the nearest whole period (b) She can make withdrawals for year(s) and month(s) Answers should be whole numbers with months is between 0 and 11 CHES O.C. FV OD. PV
How much would Sophie have in her account at the end of 10 years if she deposit $2,000 into the account today if she earned 8 percent interest and interest is compounded continuously? a. $4,451 approximately b. $4,521 approximately c. $4,444 approximately d. $4,451 approximately

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