FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You plan to put $4000 in an investment account today. What will it be worth in 20 years if you invest half in corporate bonds

image text in transcribed
You plan to put $4000 in an investment account today. What will it be worth in 20 years if you invest half in corporate bonds that pay 4% per year and half in corporate stock that earns 9% per year? Assume annual reinvestment of returns and round to the nearest dollar. O $8764 O $15591 O $15029 O $22418

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Finance For Housing An Introduction

Finance For Housing An Introduction

Authors: Cathy Davis

1st Edition

1447306481, 978-1447306481

More Books

Students also viewed these Finance questions

Question

★★★★★
Kerr Steamship Company sent a telegram at a cost of $26.78 to the Philippines through the Radio Corporation of America. The telegram, which contained instructions in unintelligible code for loading...

Answered: 1 week ago

Question

★★★★★
Given that x has a Poisson distribution with m= 1.2 , what is the probability that x= 1:_______ 2. The total cholesterol levels of a sample of men aged35-44 are normally distributed with a mean of...

Answered: 1 week ago

Question

★★★★★
7. What factors should you consider when conducting research and gathering material?

Answered: 1 week ago

Question

★★★★★
Fox Company made the following transactions in the common stock of NOP Company: July 10, 2009 Purchased 10,000 shares at $45 per share. Sept. 29, 2010 Sold 2,000 shares for $51 per share. Aug. 17,...

Answered: 1 week ago

Question

★★★★★
You plan to put $4000 in an investment account today. What will it be worth in 20 years if you invest half in corporate bonds that pay 4% per year and half in corporate stock that earns 9% per year?...

Answered: 1 week ago

Question

★★★★★
Question 12 (1 point) Listen If the word significant is used to describe a result in a new article reporting on a study the population statistic for the test must have been very small Oit may be...

Answered: 1 week ago

Question

★★★★★
Provide the entries in the general ledger and sub-ledger accounts that GBI must execute in order to fill a customer order, based on the four assumptions listed below. a. Rocky Mountain Bikes (GBI...

Answered: 1 week ago

Question

★★★★★
XYZ Company has the following data: Budgeted Production Budgeted fixed overhead Direct labor standard per unit Direct material standard per unit Standard variable overhead Actual production Actual...

Answered: 1 week ago

Question

★★★★★
Cooper is a car rental company, with a normally distributed daily demand DN ( = 1100, 2 = 250 2 ). It needs to decide the fleet size S (the number of cars); each car in the fleet incurs daily cost...

Answered: 1 week ago

Question

★★★★★
You expect to have about 1000 attendees over 3 days. The hotel has only 290 rooms so you hope to reserve all or most of them for your attendees until a little before the event. It would be best to...

Answered: 1 week ago

Question

★★★★★
Santa Maria Widget reviewed the following information from its accounting records for the year ended December 31, 2011, before adjustment: Sales during 2011 $800,000 Credit Sales are 80% of sales...

Answered: 1 week ago

Previous Question Next Question