1. Assume that you invest $3,249.66 and your investment grows at 9% for each of the first 2 years. At that point, you learn that the investment is likely to only earn 6% for the remaining 3 years. This means that you will not be able to reach your goal unless you invest more money. How much more would you have to deposit at the end of 2 years so that you can meet your goal? Round to two decimal points.

2. You are looking at investment that makes quarterly payments and has an expected return of 9%. If you would like to earn $500 per quarter for the next 6 years, how much do you need to invest today?

Answer rating: 100% (QA)

Problem 1 Additional Investment Needed We cant determine the additional investment needed without knowing your goal Heres what we can calculate 1 Futu... View the full answer