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6 . Ahmed just turned 2 3 and wants to have $ 9 , 0 8 3 saved in 7 years, by his 3 0
Ahmed just turned and wants to have $ saved in years, by his th birthday. Assuming no additional deposits, if he currently has $ in an intermediateterm bond fund earning a percent yield, will he reach his goal? If not, what rate of return is required to meet his goal?
If another Austin Powers movie had been released in and Dr Evil, now armed with a financial calculator, wants to hold the Earth ransom for $ what inflation rate would Dr Evil use to make his ransom equivalent to $ million in Hint: Inflation is compounded on an annual basis.
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