Use future or present value techniques to solve the following problems. Starting with $13,000, how much will you have in 12 years if you can earn 15 percent on your money? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor. $ Calculate your answer based on the financial calculator. $ If you can earn only 12 percent? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor. $ Calculate your answer based on the financial calculator. $ If you inherited $20,000 today and invested all of it in a security that paid a 10 percent rate of return, how much would you have in 20 years? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor. $ Calculate your answer based on the financial calculator. $ If the average new home costs $240,000 today, how much will it cost in 14 years if the price increases by 5 percent each year? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor. $ Calculate your answer based on the financial calculator. $ You think that in 7 years, it will cost $218,000 to provide your child a 4-year college education. Will you have enough if you take $72,000 today and invest it for the next 7 years at 7 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places. , you will have approximately $ than your estimate of $218,000. If you start from scratch, how much will you have to save each year to have $218,000 in 7 years if you can earn a 7 percent rate of return on your investments? Calculate your answer based on the FVA-factor. $ Calculate your answer based on the financial calculator. $ If you can earn 3 percent, how much will you have to save each year if you want to retire in 35 years with $1 million? Round the answer to the nearest cent. Round FVA-factor to three decimal places. Calculate your answer based on the FVA-factor. $ Calculate your answer based on the financial calculator. $ You plan to have $900,000 in savings and investments when you retire at age 62. Assuming that you earn an average of 7 percent on this portfolio, what is the maximum annual withdrawal you can make over a 25-year period of retirement? Round the answer to the nearest cent. Round PVA-factor to three decimal places. Calculate your answer based on the PVA-factor. $ Calculate your answer based on the financial calculator.

Use future or present value techniques to solve the following problems. Starting with $13,000, how much will you have in 12 years if you can earn 15 percent on your money? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor. $ Calculate your answer based on the financial calculator. $ If you can earn only 12 percent? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor. $ Calculate your answer based on the financial calculator. $ If you inherited $20,000 today and invested all of it in a security that paid a 10 percent rate of return, how much would you have in 20 years? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor. $ Calculate your answer based on the financial calculator. $ If the average new home costs $240,000 today, how much will it cost in 14 years if the price increases by 5 percent each year? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor. $ Calculate your answer based on the financial calculator. $ You think that in 7 years, it will cost $218,000 to provide your child a 4-year college education. Will you have enough if you take $72,000 today and invest it for the next 7 years at 7 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places. , you will have approximately $ than your estimate of $218,000. If you start from scratch, how much will you have to save each year to have $218,000 in 7 years if you can earn a 7 percent rate of return on your investments? Calculate your answer based on the FVA-factor. $ Calculate your answer based on the financial calculator. $ If you can earn 3 percent, how much will you have to save each year if you want to retire in 35 years with $1 million? Round the answer to the nearest cent. Round FVA-factor to three decimal places. Calculate your answer based on the FVA-factor. $ Calculate your answer based on the financial calculator. $ You plan to have $900,000 in savings and investments when you retire at age 62. Assuming that you earn an average of 7 percent on this portfolio, what is the maximum annual withdrawal you can make over a 25-year period of retirement? Round the answer to the nearest cent. Round PVA-factor to three decimal places. Calculate your answer based on the PVA-factor. $ Calculate your answer based on the financial calculator.

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

Use future or present value techniques to solve the following problems.

Starting with $13,000, how much will you have in 12 years if you can earn 15 percent on your money? Round the answer to the nearest cent. Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.

$

Calculate your answer based on the financial calculator.

$

If you can earn only 12 percent? Round the answer to the nearest cent. Round FV-factor to three decimal places.

Calculate your answer based on the FV-factor.

$

Calculate your answer based on the financial calculator.

$
If you inherited $20,000 today and invested all of it in a security that paid a 10 percent rate of return, how much would you have in 20 years? Round the answer to the nearest cent. Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.

$

Calculate your answer based on the financial calculator.

$
If the average new home costs $240,000 today, how much will it cost in 14 years if the price increases by 5 percent each year? Round the answer to the nearest cent. Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.

$

Calculate your answer based on the financial calculator.

$
You think that in 7 years, it will cost $218,000 to provide your child a 4-year college education. Will you have enough if you take $72,000 today and invest it for the next 7 years at 7 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places.

, you will have approximately $    than your estimate of $218,000.

If you start from scratch, how much will you have to save each year to have $218,000 in 7 years if you can earn a 7 percent rate of return on your investments?

Calculate your answer based on the FVA-factor.

$

Calculate your answer based on the financial calculator.

$
If you can earn 3 percent, how much will you have to save each year if you want to retire in 35 years with $1 million? Round the answer to the nearest cent. Round FVA-factor to three decimal places.
Calculate your answer based on the FVA-factor.

$

Calculate your answer based on the financial calculator.

$
You plan to have $900,000 in savings and investments when you retire at age 62. Assuming that you earn an average of 7 percent on this portfolio, what is the maximum annual withdrawal you can make over a 25-year period of retirement? Round the answer to the nearest cent. Round PVA-factor to three decimal places.
Calculate your answer based on the PVA-factor.

$

Calculate your answer based on the financial calculator.

$

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