Solve these two questions regarding the value of a retirement account at some point in the future. If the amount you can earn in interest is 10.6 %, and the amount you invest today is $4,000, a. What is the value of this account when you retire in 43 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) b. What would the value be if you waited 10 years to make the same investment? Your retirement date does not change. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) a. Account value if you start now b. Account value if you wait 10 years
Solve these two questions regarding the value of a retirement account at some point in the future. If the amount you can earn in interest is 10.6 %, and the amount you invest today is $4,000, a. What is the value of this account when you retire in 43 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) b. What would the value be if you waited 10 years to make the same investment? Your retirement date does not change. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) a. Account value if you start now b. Account value if you wait 10 years
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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Solve these two questions regarding the value of a retirement account at some point in
the future.
If the amount you can earn in interest is 10.6%, and the amount you invest today
is $4,000,
a. What is the value of this account when you retire in 43 years?
(Do not round intermediate calculations and round your answer to 2 decimal
places, e.g., 12.34.)
b. What would the value be if you waited 10 years to make the same investment? Your
retirement date does not change.
(Do not round intermediate calculations and round your answer to 2 decimal
places, e.g., 12.34.)
a.
b.
Account value if you start now
Account value if you wait 10 years
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