Rob has just received a check for $31,000. This is a return from an investment that he made 19 years ago. He was told that the return was the equivalent of 11% per year. How much was his original investment? O $3,901.19. O $4,055.52. O $4,268.01. $4,006.25. Question 4 Jason received a check for $50,000 today. This was from an investment made 10 years ago. The investment earned 10% compounded quarterly. How much was his original investment?
Rob has just received a check for $31,000. This is a return from an investment that he made 19 years ago. He was told that the return was the equivalent of 11% per year. How much was his original investment? O $3,901.19. O $4,055.52. O $4,268.01. $4,006.25. Question 4 Jason received a check for $50,000 today. This was from an investment made 10 years ago. The investment earned 10% compounded quarterly. How much was his original investment?
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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Question
Transcribed Image Text:Rob has just received a check for $31.000. This is a return from an investment that he made 19 years ago. He was told that the
return was the equivalent of 11% per year. How much was his original investment?
$3,901.19.
$4,055.52.
O $4,268.01.
O $4,006.25.
Question 4
Jason received a check for $50,000 today. This was from an investment made 10 years ago. The investment earned 10%
compounded quarterly. How much was his original investment?
$18,621.53.
O $13,795.06.
O $10,101.90.
C$24,900.97.
Question 5
Tony saved enough money to place $125,500 in an investment generating 9.5% compounded monthly. He wants to collect a
monthly income of $1,350, at the beginning of each month, for as long as the money lasts. How many months will Tony have
this income coming to him?
O 161
166
170
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