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How much does Maximos need to save annually

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Q1) Assess the validity of this statement: "The random walk hypothesis means that past price movements provide no useful information about the future price movements. Therefore, the semi-strong form of the efficient markets hypothesis holds".

Q2) Maximos wishes to buy a house currently priced at $100,000. He plans to save the necessary money over the next 10 years to buy the house. He estimates that the house value will appreciate 8% a year. At the same time, Maximos estimates that he will earn a 6% per annum rate of return on any saved and invested funds. How much does Maximos need to save annually (end of year) for each of the next 10 years to have just enough funds to buy the house?

Reference no: EM132714074

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