Four years ago Jonathan had started his saving for his dream holiday in Hawai by putting a lump sum of $20,000 into an investment portfolio The portfolio has been paying a rate of returns of 11 5 per year, compounding weekly Calculate how much moneyJonathan has accumulated by his investment portfolio now If Jonathan would like to have totally $50,000 for his dream holiday and moves all the saving accumulated from current portfolio to another instrument that pays the interest rate of 15 5 per year, compounding annually How long will it take for Johnathan to reach his target of $50,000

The Answer is in the image, click to view ...

Question: Four years ago Jonathan had started his saving for his dream holiday in Hawai by putting a lump sum of $20,000 into an investment portfolio.

Four years ago Jonathan had started his saving for his dream holiday in Hawai by putting a lump sum of $20,000 into an investment portfolio. The portfolio has been paying a rate of returns of 11.5% per year, compounding weekly.

Calculate how much moneyJonathan has accumulated by his investment portfolio now?
If Jonathan would like to have totally $50,000 for his dream holiday and moves all the saving accumulated from current portfolio to another instrument that pays the interest rate of 15.5% per year, compounding annually. How long will it take for Johnathan to reach his target of $50,000 ?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1)Four years ago Jonathan had started his saving for his dream holiday in Hawai by putting a lump sum of $20,000 into an investment portfolio. The portfolio has been paying a rate of returns of 11.5%...

What is Marquee's business model? What makes Marquee a "hot" nightclub? What are the key sources of revenues and costs (e.g. Exhibit 3)? How important are the different customer segments to Marquee's...

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Please help me with questions 1-18 , has to be in Excel 6.1. Future value with multiple cash flows: Konerko, Inc., expects to earn cash flows of $1 years. If the company uses an 8 percent discount...

Big dreams, arrogance, infighting, and delusion all collided in the disastrous attempt to fix venerable retail giant J.C. Penney. The inside story of a revolution derailed. WHEN YOU FIND A SAVIOR,...

CASE 1 Ann owns a shop selling prints. She placed an advertisement in the Friday edition of her local paper stating: 'Unique opportunity to own an original Bell print for 500 cash. One only...

The article How Business Students Spend Their TimeDo They Really Know? (Research in Higher Education Journal [May 2009]: 110) describes a study of 212 business students at a large public university....

The standard reduction potentials of the following half-reactions are given: Cr3+(aq) + 3e- ? Cr(s) E = -0.74 VMnO4-(aq) + 8H+(aq) + 5e- ? Mn2+(aq) + 4H2O(l) E = 1.51 V What is the standard cell...

Question 3 5 of 8 0 Question ID: 1 3 3 4 1 9 9 Which is the most efficient type of life insurance product to fund a buy - sell agreement for a business with three partners of varying ages? A ) A...

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...