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Question 10 5 pts Robert and Rosie both invested $7,500 5 years ago. They both earned a 12% return, however Robert earned a simple return
Question 10 5 pts Robert and Rosie both invested $7,500 5 years ago. They both earned a 12% return, however Robert earned a simple return of 12% and Rosie earned a compounded return of 12%. How did this difference in compounding affect their investments' value today? O Robert will have $1,218 more than Rosie Rosie will have $1,218 more than Robert Robert will have $3,600 more than Rosie Rosie will have $3,600 more than Robert Their investments will be worth the same Question 17 5 pts If you plan to save $9,000 every year for retirement for 15 years. Assuming that you earn a 10% return on your investment, compounded annually, how much money will you have when you retire? O $313,747 $100,682 O $130,023 O $285,952 O $320,460 Question 24 5 pts Ana has a goal to buy a $1.5 million beach house in 20 years. If she expects to make a 8% annual return, how much does she need to invest today to buy her beach house in 20 years? O $620,921.32 $321,822.31 $120,900.00 O $390,000.00 $762,523.94 Question 26 5 pts Which will be worth more in 15 years: $150 invested today at a rate of 9% or $12 invested every year at a rate of 12% The $150 invested today will be worth $99.02 more in 15 years The $12 invested every year will be worth $99.02 more in 15 years The $150 invested today will be worth $546.37 more in 15 years The $12 invested every year will be worth $546.37 more in 15 years Both will be worth the same in 15 years
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