Shahed wants to receive a retirement amount $5,070,000 at the end of 36 Years from now. If
Question:
Shahed wants to receive a retirement amount $5,070,000 at the end of 36 Years from now. If The Vanguard Group, Inc. assure the growth rate of 9.99 percent compounded annually, and BlackRock, Inc. - an American multinational investment management gives the growth of 10.99 percent compounded. How much more amount to be deposited by Shahed, if she opts BlackRock for her investment?
2. On 1st October 2014 Reem has deposited $ 3,850,000 at ENBD which pays @ 4.79 percent Interest compounded annually. How much amount will be in her account at the end of 31st December 2021?
3. Ahmed has a savings amount of $ 1,555,000. He wants to deposit in the bank for Interest earnings for 15 Years.
Ahmed has the following two investment options:
a)Standard Charted Bank pays 8.99 percent simple interest
b)HSBC pays @ 7.99 percent interest compound annually.
Which will be the BEST INVESTMENT OPTION to Ahmed? Illustrate your answer with calculations.
4. On January 2021 - Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment. She has taken a Car loan @ 3.29 percent flat interest for 4 Years from FAB.
How much will be Dana's EMI?
5. Lana wants to have $ 5,350,000 saved 10 years from now to buy a house. How much less does she have to deposit today to reach this goal if she can earn 9.5 percent rather than 9 percent on her savings? (Interest rate will be compounded annually)
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill