You want to retire early so you know you must start saving money. Thus, you have decided to save $10,000 a year, starting now at age 25. You plan to retire as soon as you can accumulate $2,000,000. If you can earn an average of 12 percent on your savings, how old will you be when you retire?

54.52 years

53.40 years

55.78 years

56.86 years

2). You want to save $800 a month for the next 30 years and hope to earn an average rate of return of 12 percent. How much money will you have after 30 years if you invest your money at the end of each month?

$2,795,971.31

$2,681,482.99

$2,823,931.02

$2,523,930.30

3). You want to retire early so you know you must start saving money. Thus, you have decided to save $10,000 a year, starting now at age 25. You plan to retire as soon as you can accumulate $3,000,000. If you can earn an average of 12 percent on your savings, how old will you be when you retire?

54.52 years

53.40 years

55.78 years

56.86 years

4). Taj Mahal Inc. wants to offer preferred stock for sale at a price of $60 a share. The company wants its investors to earn a 6.5 percent rate of return. What is the minimum annual dividend the firm will need to pay per share?

$5.20

$3.90

$2.23

$4.50

5). The bond of Petra Inc. has a 4 percent coupon and pay interest annually. Currently, the bond price is quoted as 92% of its face value. The bonds mature in 5 years. What is the yield to maturity?

7.74 percent

4.15 percent

6.22 percent

5.89 percent

6). Angkor Wat Inc. has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 6 years, and have a 7 percent coupon. The current price is $960. What is the yield to maturity?

7.85 percent

5.26 percent

3.92 percent

9.20 percent

Please I need help I need answer soon as Possible !!