You deposit $2000 today at 6% interest. How much will you have in 5 years? You invest
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Question:
- You deposit $2000 today at 6% interest. How much will you have in 5 years?
- You invest $5,000 today. You will earn 8% interest. How much will you have in 4 years?
- You have $450,000 to invest. If you think you can earn 7%, how much could you accumulate in 10 years?
- If a commodity costs $500 now and inflation is expected to go up at the rate of 10% per year, how much will the commodity cost in 5 years?
- How much would you have to deposit now to have $15,000 in 8 years if interest is 7%?
- If you want to have $10,000 in 3 years and you can earn 8%, how much would you have to deposit today?
- If you think you can sell an asset for $25,000 in five years and you think the appropriate discount rate is 5%, how much would you be willing to pay for the asset today?
- What is the Present Value for $15,000 in 30 years at the discount rate of 12%? (15 points)
- XYZ mutual fund has an average 6% annual rate of return. How much money could you make in 20 years if you invest 80,000 at it? (15 points)
- John is 38 years old right now. He needs $1,000,000 at the age of 65 to retire. If his 401K account can generate an average annual rate of return of 7%, how much money does he need to put in right now? (20 points)
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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