Your coin collection contains 54 1952 silver dollars. If your grandparents purchased them for their face value when they were new, howmuch will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1 percent?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.Value of collection

Future value of present value includes the amount being deposited and amount of interest being…

Answered: "our coin collection contains 54 1952…

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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i need accurate answer. make sure (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(b) Chris Hitchcock is 43 years old today and he wishes to accumulate $512.000 by his 65 th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 43 th through his 64 th birthdays. What annual deposit must Chris make if the fund will earn 8% interest compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Annual deposit eTextbook and Media Save for Later Attempts: unlimited Submit Answer %24
Your coin collection contains fifty 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2,063, assuming they appreciate at an annual rate of 5.4 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Elena purchased a stamp collection for $8,250 five years ago. If it appreciated 7.4% annually, what is it worth today? (Keep 2 decimal places)
Compute the future value in year 9 of a $3,300 deposit in year 1, and another $2,800 deposit at the end of year 5 using a 9 percent interest rate. (Do not round intermediete calculations and round your final answer to 2 decimal pleces.)
Your grandmother left you an inheritance in the form of a trust. The trust agreement states that you are to receive R2 500 on the first day of each year, starting immediately and continuing for fifty years. What is the value of this inheritance today if the applicable discount rate is 6,20%? a. b. d. R66 811,30 R40 706,92 R39 942,42 R49 942,42
Compute The present value of a $5500 deposit in year 1, and another $5000 deposit at the end of year 4 using an 8% interest rate. ( do not round intermediate calculations and around your final answer to two decimal places)
Assume that you are looking at three perpetuities. Perpetuity 1 (P₁) has annual cash flows of $850 in Years 1 through infinity (1-x) and a present value at Year 0 of $10.119.047619. Perpetuity 2 (P₂) has annual cash flows of $620 in Years 11 through infinity (11 - oo) and the same effective rate as Perpetuity 1. Perpetuity 3 (P3) has annual cash flows of $780 in Years 25 though infinity (25 - 0) and the same effective rate as Perpetuities 1 and 2. Given this information, determine the value of all three perpetuities when evaluated at Year 35. $239.599.69 O $248,272.58 $245,381.62 O$242,490.65 O $254,054.51
Assume that in 2020, the first edition of a comic book was sold at auction for $691,600. The comic book was originally sold in 1936 for $.10. What was the annual increase in the value of the comic book? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Annual increase = %
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