How much interest must ashley earn to become millionaire

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Reference no: EM131940034

1. What is the future value of 10 deposits of $10,000 each assuming the first payment is made now? (future value as of the end of the 10th period and the interest rate is 5%)

2. If you capitalize your investment in with 20% equity at a cost of 15% and 80% debt at a cost of 6%, assuming 33% tax rate .what is your WACC ?

3. Ashley wishes to become a millionaire in eight years. Her money market fund has a balance of $400,000. How much interest must Ashley earn to become a millionaire ($1,000,000) in eight years?

Reference no: EM131940034

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