Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduces Quantitative Finance

Authors: Paul Wilmott

2nd edition

470319585, 470319581, 978-0470319581

More Books

Students also viewed these Finance questions