Morris will start investing $1,500 a year in stocks. He feels he can average a 10% return.
Question:
Morris will start investing $1,500 a year in stocks. He feels he can average a 10% return. If he follows this plan, how much will he accumulate in ten years? In twenty years? In thirty years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
The table below shows the future value calcu...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Morris will start investing $ 1,500 a year in stocks. He feels he can average a 12% return. If he follows this plan, how much will he accumulate in 5 years? In 10 years? In 20 years?
-
How much money will you need to start your business? Where will the money come from to start your business? What are some important things to consider when getting a loan? Use an online calculator...
-
How much of the return in Problem 1 came from dividend yield and how much came from capital gain?
-
As a brand manager, for a product of your choice, develop a strategy for launching the product in a manner most likely to capture the attention of the product's primary target market. Write a...
-
The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. one year ago: Long-term debt ................. $35,000,000 Preferred stock...
-
Kathleen Wilson signed a security agreement with Mark S. Conti and filed a UCC-1 financing statement in 1996 for collateral described as equipment. In 1998, Conti offered 11 paintings as security to...
-
Almost every time a new-to-the-world electronic device (MP3 player, flat-screen television, digital camera, gaming console, etc.) has been introduced, the firms marketers have employed a price...
-
In June 2007, General Electric (GE) had a book value of equity of $117 billion, 10.3 billion shares outstanding, and a market price of $38.00 per share. GE also had cash of $16 billion, and total...
-
eBook Show Me How Variable Costing Income Statement On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing...
-
In a LAN with a link-layer switch (Figure 1.8b), Host 1 wants to send a message to Host 3. Since communication is through the link-layer switch, does the switch need to have an address? Explain....
-
Gemma purchased twelve ounces of gold for $1,344 an ounce. She sold the gold one year later for $1,534 per ounce. What was her dollar return? What was her percentage return?
-
Floyd wants to invest the $15,000 he received from his grandfathers estate. He wants to use the money to finance his education when he pursues his doctorate in five years. What amount will he have in...
-
Explain why ethics is important in the business environment.
-
When a supersonic airflow, \(M=1.8\), passes through a normal shockwave under sea level conditions, what are the values of the stagnation pressure before and after the normal shockwave?
-
Eastern University, located in central Canada, prides itself on providing faculty and staff with a competitive compensation package. One aspect of this package is a tuition benefit of \($4,000\) per...
-
What is the formula for calculating return on investment (ROI)?
-
Air enters a 5.5-cm-diameter adiabatic duct with inlet conditions of \(\mathrm{Ma}_{1}=2.2, T_{1}=250 \mathrm{~K}\), and \(P_{1}=60 \mathrm{kPa}\), and exits at a Mach number of...
-
At the various activity levels shown, Taylor Company incurred the following costs. Required: Identify each of these costs as fixed, variable, or mixed. Units sold 20 40 60 80 100 a. Total salary cost...
-
Raymond Brooks owned a 19 percent interest in H&B, a closely held corporation. Leroy Hill, Raymonds brother-in-law, owned the remaining interest. In 1993, Leroy persuaded Raymond to sell his shares...
-
What are the two components of a company's income tax provision? What does each component represent about a company's income tax provision?
-
Judy (from problem 1) is also considering investing the $ 12,500 in a certificate of deposit (CD). She is guaranteed a return of 4% on a four year CD. How much would Judy earn from the CD? Which of...
-
Judy pays off her car loan and now must decide how she wants to invest the extra $ 3,648 per year that she budgeted for car payments. She decides to invest this additional amount in her employer...
-
Judy believes that another benefit of investing the extra $ 3,648 in her employer sponsored retirement plan is the tax savings. Judy is in a 25% marginal tax bracket. How much will investing in this...
-
Fig 1. Rolling a 4 on a D4 A four sided die (D4), shaped like a pyramid (or tetrahedron), has 4 flat surfaces opposite four corner points. A number (1, 2, 3, or 4) appears close to the edge of each...
-
I just need help with question #4 please! Thank you! Windsor Manufacturing uses MRP to schedule its production. Below is the Bill of Material (BOM) for Product A. The quantity needed of the part...
-
(25) Suppose that we have an economy consisting of two farmers, Cornelius and Wheaton, who unsurprisingly farm corn c and wheat w, respectively. Assume that both farmers produce their crop of choice...
Study smarter with the SolutionInn App