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Nlison and Leslie, who are twins, fust received $20,000 each for their 22th Eirthday. They both have aspirations to becorne milsonaires, Each plans to maket a $5,000 annual contribution to her "eafly retirement fund" on her birthday, beginning a year from today. Allison opened an account with the Safety First Bond Fund, a mutual fund that invests in high-quality bonds whose investors have sarned 7% per year in the past. Lesfie invested in the New Issue Bio-Tech Fund, which invests in small, newly issued bie-tech stocks and whose ievestors have eamed an averape of 12% per year in the fund's relatively short history. a. If the two women's funds earn the same returns in the future as in the past, how old will edch be when she becomen a millicaaire? Do not round intermediate calculatiens. Round your answers to two decimal places. b. How large would allion's anmual contributions hame to be for her to become a rimichaire at the same age as Lesili, assuming their expected returns are re alized? be not round intermediate calculations, Pooand your answer to the nearest cent. c. Is if rational or irrational for Alion to invest in the bond fund rather than in stocks? 1. High expected returns in the raarket are almiost awiays actomoanled by a lot of riek. We cocidn't say whether allison is rational or irrational, Just. that she seems to have lets tolerance for risk than Ledile does. 15. High expected returna in the market are almost aleays accompanied by iess nisk. We couldnt say whether alison is rational or. irrational; jint that she seems to have micre tolerance for rlisk than leslie does. IIf. Wigh ewpectad returns in the market are ainsost ahwys acosmpanied by a lot of risk, we ceuldn z way whiethec Atison is rational or irrational, fust that she seems to have more trierance for risk than Lasille does: TV. High expected ratums in the market are atmost always accompanted by less risk. We couldn't say whether Allison is rational ac ierational, furt that she seems ts have less tolerance for risk than Leslie dets. W. Woh expected retums in the market ace almoit alwavs accomoanied by a lot of rak. We coildn t say whether alliten is rational or irrational, Just thot she reems to have about the iame tolerarce for risk than Leslie does. Alison and Leslie, who are twins, just received $20,000 each for their 22t birthday. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her "early retirement fund" on her birthday, beginning a year from today, Allison opened an account with the Safety First Bond Fund, a mutual fund that invests in high-quality bonds whose investors have earned 7% per year in the past. Leslie invested in the New Issue Blo-Tech Fund, which invests in small, newly issued blo-tech stocks and whose investors have earned an average of 12% per year in the fund's relatively shart history, a. If the two women's funds earn the same returns in the future as in the past, how old will each be when she becomes a millionaire? Do not roond intermediate calculations. Round your answers to two decimal places. Allison: Leslie: b. How large would Allison's annl contributions have to be for her to become a millionaire at the same age as Leslie, assuming their expected returns are realized? Do not round intermediate calculations. Pound your answer to the nearest cent. is c. Is it rational or irrational for Allison to invest in the bond fund rather than in stocks? 1. High expected returns in the market are almost always accompanied by a fot of risk. We couldn't say whether Allison is rational or irrational, Just that she seems to have less tolerance for risk than Leslie does. II. High expected returns in the market are almost always accompanled by less risk, We couldn't say whether Alison is rational or irrational, Just that she seems to have more tolerance for risk than Lesle does. 11t. High expected returns in the market aro almost atways accompanied by a lot of risk. We couldnit say whether Alliscn is rational or irrational, Just that she seems to bave more tolerance for risk than Lesilie does. F. High expected returns in the market are almost aiways accompanied by less risk. We couldnt say whether Alison is rational or irrational, just that. she seems to have less tolerance for tisk than Leslie does. V. High expected returns in the market are almost always accompanied by a fot of risk. We couldn't sav whether Alilson is rational or inrational, just that she seems to have about the same tolerance for disk than teslle does