uestion 7

1. You are 20 years old and plan to retire with $1,000,000. You have $20,000 available for investment now.You deposit this into an account that pays 9% interest compounded annually? How old will you be when the account has the target amount? (Answers are rounded.)
2. A. 61
3. B. 63
4. C. 57
5. D. 59
6. E. 65
7. F. 55

5 points

Question 8

1. The last dividend on Riverhawk Corporation's common stock was $5.00, and the expected constant growth rate is 10 percent. If you require a rate of return of 20 percent, what is the highest price you should be willing to pay for this stock?
2. A. $ 33.00
3. B. $ 49.50
4. C. $ 55.00
5. D. $ 44.00
6. E. $ 38.50
7. F. $ 60.50