Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Erika and Kitty, who are twins, just received $35,000 each for their 29th birthdays. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her "early retirement fund" on her birthday, beginning a year from today. Erika opened an account with the Safety First Bond Fund, a mutual fund that invests in high-quality bonds whose investors have earned 6% per year in the past. Kitty invested in the New Issue Bio-Tech Fund, which invests in small, newly issued bio-tech stocks and whose investors have earned an average of 16% per year in the fund's relatively short history.
If Erika's fund earns the same returns in the future as in the past, how old will she be when she becomes a millionaire? Round your answer to two decimal places. years
If Kitty's fund earns the same returns in the future as in the past, how old will she be when she becomes a millionaire? Round your answer to two decimal places. years
How large would Erika's annual contributions have to be for her to become a millionaire at the same age as Kitty, assuming their expected returns are realized? Round your answer to the nearest cent.
The loan offered by Bank of Florida has a 12.5 percent simple interest rate with annual interest payments, whereas the loan offered by the Bank of Georgia has a 12 percent simple interest rate with monthly payments. Which bank should Vegit use for..
Assume that in 2009, an 1898 Morgan silver dollar sold for $9,250. What was the rate of return on this investment? ( Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations.
if the annualized 5-year rate of return is 10 and if the first years rate of return is 15 and if the returns in all
Suppose that you manage a $10.00 million mutual fund that has a beta of 1.05 and a 12.00 percent required return. The risk-free rate is 4.75%. You now receive another $10.00 million,
on january 1 you sold short one round lot that is 100 shares of lowes stock at 21 per share. on march 1 a dividend of
You are analyzing the beta for Hewlett Packard and have broken down the company into four broad business groups, with market values and betas for each group.
Brandywine Homecare, a non-profit business, had revenues of 12 million dollar in 2007. Expenses other than depreciation totaled 75% of revenues, and depreciation expense was $1.5 million.
70 of the sales are for credit and are collected one month after the sale.other receipts 50000 in octobervariable
Newhart Financial starts its first day of operation with $10 million capital, and receives checking deposits worth of $200 million.
Determine which of the distribution possibilities except.
Computation of effective annual yield and bond value and What is the yield of the 5-year bond expressed as an effective annual yield?
the next dividend payment by xyz co. will be 3 per share. the dividends are anticipated to maintain an 8 percent
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd