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QUESTION 2 You need to have $33,750 in 11 in years. You can earn an annual interest rate of 6 percent for each of the
QUESTION 2 You need to have $33,750 in 11 in years. You can earn an annual interest rate of 6 percent for each of the first 3 years, 6.6 percent for each of the next 2 years, and 7.3 percent for each of the final 6 years. Interest is compounded on an annual basis. How much do you have to deposit today in order to achieve your goal? Round your answer to the nearest dollar. O a. PV = $17430 b. PV = $15,430 c. PV = $16,340 d. PV = $18,340 QUESTION 1 Four years ago you invested $2,700 in a portfolio of stocks. Today, the portfolio is worth $3,500. Interest earned is based on an annual compound period. What is the approxiamte rate of return on this investment? Round answer to 2 decimal places. a. Rate of turn = 6.70% O b. Rate of Return = 5.70% C. Rate of Return = 8.70% d. Rate of Return = 7.60% QUESTION 3 An amount of $7500 is deposited into a savings account at an annual interest rate of 6.60%. The interest is compounded semi annually. There are additional deposits of $100 per every 6 months (made at the end of each semi-annual period). What is the accumulated value of the investment after 3 years? Round up to nearest dollar. a. $7,992 b. FV = $9,765 C. FV= $9,882 d. FV = $8,982
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