Question
1) How much do you need to save two years from now so you will have $20,000 five years from now at 6% annual interest
1) How much do you need to savetwo years from nowso you will have $20,000 five years from now at 6% annual interest rate?
Answer:(rounded to two decimals, do not include thousand separator)
2) A security promises a single payment of $1800 six years later. Assume the market required interest rate is 10%. The price of the security today is $1016.05. What is the price of the security after one year ?
Round your answer to two decimals without comma (,) in the numbers.
3) An investor put $100 in US stock market in 1950. The average yearly rate of return of US stock market for 1950-2020 is 9% and she re-invested each dollar of dividend. How much is her total stock holding worth after 70 years?
Select one:
$41,673
$39,285
$45,200
$66,358
$56,924
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