How much do you need to deposit on a monthly basis

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Reference no: EM131909722

1.) You want to have $2 million when you retire in 40 years. If you can earn 12% per year, how much do you need to deposit on a monthly basis if the first payment is made in one month?

2.) What if the first payment is made today?

3.) You are considering ABC's preferred stock that is expected to pay a quarterly dividend of $1.50 forever. If your desired return is 12% per year, how much would you be willing to pay?

Reference no: EM131909722

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