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Use the savings plan formula to answer the following question. At age 39. you start saving for retirement. If your investment plan pays an APR

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Use the savings plan formula to answer the following question. At age 39. you start saving for retirement. If your investment plan pays an APR of 4% and you want to have $08 million when you retire in 26 years, how much should you deposit monthly? You should invest $l:| each month. (Do not round until the nal answer. Then round to two decimal places as needed.) Compute the total and annual returns on the described investment. Four years after buying 100 shares of XYZ stock for $70 per share, you sell the stock for $10,300. The total return is DU/o. (Do not round until the nal answer. Then round to one decimal place as needed.) Suppose a man invested $200 at the end of 1900' In each of three funds that tracked the Category Average Annual Return averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the Stocks 6 3o/ rates given in the table to the right, approximately how much would each investment have . 0 been worth at the end of 2007? 3\"ds 22% Cash 0.7% w His investment' In the fund tracking stocks would be worth approximately $ (Do not round until the nal answer. Then round to two decimal places as needed.) Company XYZ closed at $47.93 per share with a P/E ratio of 12.61. Answer the following questions. a. How much were earnings per share? b. Does the stock seem overpriced. underprioed, or about right given that the historical P/E ratio is 12-14? E\" a. How much were earnings per share? $3 (Round to the nearest cent as needed.) Company XYZ closed at $108.96 per share with a P/E ratio of 12.23. Answer the following questions. a. How much were earnings per share? . . . . b. Does the stock seem overpriced, underpriced, or about right given that the hIstoncal PIE ratio Is 12-14? a. How much were earnings per share? $|:| (Round to the nearest cent as needed.)

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