Question
1. If you deposit $13,552 dollars into a savings account, what interest would you need to be earning to have $19,587 dollars in the same
1. If you deposit $13,552 dollars into a savings account, what interest would you need to be earning to have $19,587 dollars in the same account 6 years later? Answer as a percent and to the nearest hundredth of a percent as in xx.xx % and enter without the percent sign.
2. Stock W has a beta of 1.4, Stock X has a beta of 0.59, Stock Y has a beta of 0.4,and stock Z has a beta of -0.04. If you have a portfolio which contains equal proportions of these four stocks, what is the portfolio beta (to two decimal places) ?
3. You have $100,000 in a saving account earning 10.8 percent per year. You now want to make 6 equal yearly withdrawals depleting the saving account. How much are your withdrawals? Answer to the nearest cent, xxx.xx and enter without the dollar sign.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started