Question: Please do these problems on excel and by hand 5_____You make a $2,000 investment today and additional investments of $600 at the end of each
Please do these problems on excel and by hand
5_____You make a $2,000 investment today and additional investments of $600 at the end of each quarter. If your portfolio produced a 12% return (compounded quarterly), what would it be worth after 40 years?
$6,247,433
$4,522,521
$2,471,028
$1,170,392
6_____The process of finding the present value of a future cash flow or series of cash flows is known as
a. reducing
b. presenting
c. discounting
d. amortizing
7_____You invest $100,000 today at a rate of 5.6%. You take $800 a month out of your account and spend it. How much will you have in your account in 10 years?
$46,543
$96,596
$112,936
$303,135
8_____You have $50,000 to invest today. You hope to have $2,000,000 in forty years. If you do not plan on making any additional investments, what annual rate of return will you have to achieve on your investment to reach your goal?
9.66%
13.59%
18.21%
21.45%
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
