Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. You would like to have $100,000.00 in a savings account after 30 years. Your savings account has an 8.5% interest rate, compounded quarterly. How
1. You would like to have $100,000.00 in a savings account after 30 years. Your savings account has an 8.5% interest rate, compounded quarterly. How much must you deposit in that account now to reach your goal? Show all calculations. 2. What will the return on investment be after the 30 years have passed? Show all calculations. 3. You would like to purchase $5,000 worth of stock. You have found two brokers with the following fees. Broker A: Charges a flat fee of $25.00 per trade. Broker B: Charges 1.5% per trade. 4. You were able to buy 125 shares of Stock A. This is an income stock that pays out = quarterfy dividend of $0.35 as share. How much will you earn in dividends for the first vear? Show all cancilations
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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