Today you have 5120 to invest and want to have 572132 in 49

Reference no: EM13621373

1. You want to have $1 million in your investment account in 17 years, and estimate that you ran earn an 12% rate of return. How much do you need to invest today (assuming you make no further contributions), in order to achieve your goal?

2. Today you have $5,120 to invest, and want to have $572,132 in 49 years. What rate of return must you earn in order to meet your target?

Enter answer in percents, accurate to 2 decimal places.

3. You invest $611 at 5% per year, and are waiting for it to grow to $6,807. How many years will you have to wait?

4. You plan to invest $1000 today, another $1000 in one year, and a third $1000 in three years. You expect to earn 14% annual rate of return on your investment. How much money will you have from this investment in 15 years, assuming you make no other deposits or withdrawals?

Reference no: EM13621373

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