You plan to invest in securities that pay 8.6%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $8,266.40? O a. 6.09 years O b. 5.59 years O c. 11.63 years O d. 11.94 years O e. 12.19 years

You plan to invest in securities that pay 8.6%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $8,266.40? O a. 6.09 years O b. 5.59 years O c. 11.63 years O d. 11.94 years O e. 12.19 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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Similar questions

You plan to start investing into an ETF (SPY) that tracks the S&P 500 index. You will invest $907 in 3 years and $1298 in 4years. If you expect to earn a return of 9.8%, how much will you have in 13 years? Answer:
Your friend told you about an NFT (Non-fungible Token) that they think will be worth $842 in 7 years. If your required return on investments of this risk is 13.2%, what is the most you should be willing to pay for it today? Round to 2 decimal places. Include a dollar sign ($) or percent (%) as appropriate. Answer:
You want to retire in 40 years as a millionaire (i.e., to have $1,000,000). If 6% is the average rate of return on the investment during this time period, then how much should you invest per month starting at the end of this month? a. $702 b. $602 C. $802 d. $502
Beginning today, you will make 3 investments as listed in the table below. What will they be worth at time 7? The interest rate is 11.69%. 0 $1085 1 $2317 2 $3105
I need the answer to 5.1.
Your friend told you about an NFT (Non-fungible Token) that they think will be worth $996 in 6 years. If your required return on investments of this risk is 16.5%, what is the most you should be willing to pay for it today? Round to 2 decimal places. Include a dollar sign ($) or percent (%) as appropriate.
You invest $280 in a mutual fund today that pays 5.7 percent interest annually. How long will it take to double your money? (Round final answer to 0 decimal place, e.g. 25.) Number of years
Suppose you are currently 18 years old, and you wish to retire at 58. You want to have $1,000,000 when you retire, and you believe the stock market will give you a return of 11% monthly. How much do you need to invest each month?
You are planning your retirement in 10 years. You currently have $161,000 in a bond account and $601,000 in a stock account. You plan to add $7,900 per year at the end of each of the next 10 years to your bond account. The stock account will earn a return of 10.75 percent and the bond account will earn a return of 7.25 percent. When you retire, you plan to withdraw an equal amount for each of the next 24 years at the end of each year and have nothing left. Additionally, when you retire you will transfer your money to an account that earns 6.5 percent. How much can you withdraw each year in your retirement? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Annual withdrawal amount $ 188,765.43
You plan to invest in bonds that pay 6.0%, compounded annually. If you invest $10,000 today, how many years will it take for your investment to grow to $15,000? a. 13.92 years b. 13.72 years c. 6.55 years d. 16.67 years e. 6.96 years
You are opening an investment account that will earn 11.5% compounded annually. You will invest $1,000 today, $5,000 one year from today, $18000 two years from today, $8,000 three years from today, and $12,000 four years from today. What will the value of your account be 4 years from today? Question 2 options: 53,225 59,065 51,775 54,635 58,705
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