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How old will you be when the account has the target amount

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1. You are 20 years old and plan to retire with $1,000,000. You have $25,000 available for investment now. You deposit this into an account that pays 9.5% interest compounded annually? How old will you be when the account has the target amount?

A. 55

B. 63

C. 59

D. 61

E. 57

F. 65

2. Games R' Us Inc. is expected to pay no dividends for the next six years. At the end of the sixth year it will pay a dividend of $50 and cease operations. How much would you pay for the stock if you require a 10% rate of return?

Reference no: EM132466053

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