Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The amount an investor will have in 15 years if $1,000 is invested today at an annual interest rate of 9% will be closest


image text in transcribed 

The amount an investor will have in 15 years if $1,000 is invested today at an annual interest rate of 9% will be closest to: Fifty years ago, an investor bought a share of stock for $10. The stock has paid no dividends during this period, yet it has returned 20%, compounded annually, over the past 50 years. If this is true, the share price is now closest to: How much must be invested today at 0% to have $100 in three years? How much must be invested today, at 8% interest, to accumulate enough to retire a $10,000 debt due seven years from today? The amount that must be invested today is closest to: An analyst estimates that XYZ's carnings will grow from $3.00 a share to $4.50 per share over the next eight years. The rate of growth in XYZ's carnings is closest to: If $5,000 is invested in a fund offering a rate of return of 12% per year, approximately how many years will it take for the investment to reach $10,000? An investment is expected to produce the cash flows of $500, $200, and $800 at the end of the next three years. If the required rate of return is 12%, the present value of this investment is closest to:

Step by Step Solution

3.45 Rating (165 Votes )

There are 3 Steps involved in it

Step: 1

1 The future value of 1000 invested at an annual interest rate of 9 for 15 years can be calculated u... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Corporate Finance

Authors: Laurence Booth, Sean Cleary

3rd Edition

978-1118300763, 1118300769

More Books

Students also viewed these Finance questions