You identify an investment opportunity that you feel will yield 12%. You want at least $1,000,000 in this investment by the time you turn 65 and your current age is 25. How much do you need to save per month? Assume monthly compounding. Enter your answer as a positive number to the nearest cent

Answer:______

You identify an investment opportunity that you feel will yield 12%. You want $1,000,000 in this investment by the time you turn 65 and your current age is 25. How much will you need to invest today with the assumption you will not make any additional payments into the investment? Assume annual compounding. Enter your answer as a positive number without comma separators and round to the nearest whole dollar.

Answer:______

You identify an investment opportunity that you feel will yield 12%. You want $1,000,000 in this investment by the time you turn 65 and your current age is 25. How much will you need to invest today with the assumption you make additional yearly payments into the investment of $1,200 every year? Assume Annual Compounding. Enter your answer as a positive number to the nearest cent without comma separators.

Answer:______

You identify an investment opportunity that you feel will yield 12%. You want at least $1,000,000 in this investment by the time you turn 65 and your current age is 25. How many years will it take to reach your goal of $1,000,000 with the assumption you will make $150 additional monthly payments into the investment? Assume monthly compounding. Round up to the nearest year. Example 470 months is 39.1667 Years so your final answer would be 40 years.

Answer:______