Q4. You plan to save the following amounts: 3,095 today 7, 566 per year for the next 10 years 8,390 per year for the following 1 years 10, 650 per year for the following 3 years 17,021 per year for the final 9 years Assuming you earn a 10% rate of return during the entire period, how much will you have at the END of the time horizon? Round answer to the nearest dollar.
Q4. You plan to save the following amounts: 3,095 today 7, 566 per year for the next 10 years 8,390 per year for the following 1 years 10, 650 per year for the following 3 years 17,021 per year for the final 9 years Assuming you earn a 10% rate of return during the entire period, how much will you have at the END of the time horizon? Round answer to the nearest dollar.
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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Transcribed Image Text:Q4. You plan to save the following amounts: 3,095 today 7, 566 per year for the next 10 years 8,390 per year for the
following 1 years 10, 650 per year for the following 3 years 17,021 per year for the final 9 years Assuming you earn a
10% rate of return during the entire period, how much will you have at the END of the time horizon? Round answer to
the nearest dollar.
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