Question 13 (2.5 points) You are 30 years old and plan to retire at age 70, which is 40 years from now. You would like t

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Question 13 2 5 Points You Are 30 Years Old And Plan To Retire At Age 70 Which Is 40 Years From Now You Would Like T 1 (35.65 KiB) Viewed 37 times

Question 13 2 5 Points You Are 30 Years Old And Plan To Retire At Age 70 Which Is 40 Years From Now You Would Like T 2 (29.51 KiB) Viewed 37 times

Question 13 2 5 Points You Are 30 Years Old And Plan To Retire At Age 70 Which Is 40 Years From Now You Would Like T 3 (20.51 KiB) Viewed 37 times

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Question 13 (2.5 points) You are 30 years old and plan to retire at age 70, which is 40 years from now. You would like to have $1.0 Mn at the end of 40 years (which is when you retire). What should your monthly payment be, if you believe you can earn 12% compounded monthly? $213.61 $85.00 $135.05 $46.61 $158.13 $61.35
Question 10 (2.25 points) You plan to graduate with Master's degree at the end of 6 years from now. You want a break soon after, therefore plan to take a vacation after you complete your Master's graduation. How much will you have in your account at the end of 6 years, if you deposit $250 end of each month for the next 72 months in an account that is paying a 6 percent per year, compounded monthly? $20,925.96 $16,334 $21,602.71 $21,710.22 $15,084.88
Question 9 (2 points) John was injured in an accident, and the insurance company has offered him the choice of $35,000 per year for 15 years, with the first payment being made today. Or a lump sum to be paid off today, If the required rate of return is 7.5%, what should be the Present Value of this lump sum amount be today? $332,120,38 $318,777.00 $351,098.69 $308,749.19 $341,091.38
Previous Question 7 (1.5 points) Over the past five years Elliot Ine's camings per share grew at 10%. If this growth rate were maintained in the forsccable futuro, how many years would it take for Elliot's EPS to triple? 2: cannot compute as all information is not available 3 9.32 O 11.53 O 1.72 14.77 7.27
Question 8 (2 points) Suppose you are buying your first condo for $225,000, and you will make a 10% down payment. You have arranged to finance the remainder with a 30-year end of the month payment, amortized mortgage at a 6% interest rate, with the first payment due in one month. What will your monthly payments be? $1,146.64 $1,349.00 $1,289.03 $1.214.09 $1,079.19 $1,042.91