Question: You are 25 years old and inherit 65 000 from your
You are 25 years old and inherit $65,000 from your grandmother. If you wish to purchase a $100,000 boat to celebrate your 30th birthday, what compound annual rate of return must you earn?
Relevant QuestionsAn investment offers to pay you $10,000 a year for five years. If it costs $33,520, what will be your rate of return on the investment? You want your salary to double in six years. At what annual rate of growth must your salary increase to achieve your goal? A savings and loan association finances your 25-year, $100,000, 9-percent mortgage. How much interest does the S&L collect on the loan in the second year? A portfolio consists of assets with the following expected returns: Technology stocks........... 20% Pharmaceutical stocks....... 15 Utility stocks........... 10 Savings account........... 5 a. What is the expected return on ...Fill in the blanks () with the correct entries.
Post your question