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Question 27 (3 points): Your company has done really well this year and you receive a surprise bonus of $60,000. As you weren't expecting the
Question 27 (3 points): Your company has done really well this year and you receive a surprise bonus of $60,000. As you weren't expecting the bonus, you decide to invest the bonus in stocks for your retirement. You invest the money in ETF that is expected to return 7.0% annually? If you expect to retire in 30 years, how much do you expect this investment to be worth in 30 years? Question 28 (3 points): Three years from now, you need to have $25,000 to make a down payment on a house. How much do you need to invest today if you can earn 2.5% interest, compounded annually? Question 29 (3 points): You save $250 at the end of every month from your paycheck. If you can earn 6% APR, compounded monthly, how much will you have saved in 5 years? Question 30 (3 points): You plan to invest $2,000 every year (end-of-year payments) from now until you retire in 30 years. If you can earn 7% annually on your invested funds, how much will you have when you retire? Question 31 (3 points): You just won a \$20 million lottery. After taxes, you can take your winnings in one of two ways: Either receiving $14 million today or $1,400,000 per year for 25 years with first payment at end of year. Assuming you think you, can earn 8% per year on your investments, compounded annually, which of these alternatives is preferable
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