Question: question 2,3,4, and 5 2) What is the future value in 5 years of $6,000 received today if your investments pay: a. 4 percent compounded
2) What is the future value in 5 years of $6,000 received today if your investments pay: a. 4 percent compounded annually b. 6 percent compounded annually c. 7 percent compounded semiannually d. 7 percent compounded quarterly 3) How much money would you have to deposit today in order to have $4,000 in 6 years if the discount rate is 8 percent per year? 4) If you invest $20,000 today and it is expected to be worth $1 million in 25 years, what will have been your nominal rate of return with annual compounding? You expect to receive $30,000 at graduation in three years. You plan on investing it at 8.25 percent until you have $192,000. How many years will it be before you reach your goal
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