Question
In: Finance
Finally, assume you currently have $200,000 that you are ready to invest for retirement. In addition,...
Finally, assume you currently have $200,000 that you are ready to invest for retirement. In addition, you plan to save
- $6,000 per year at the end of each year for years 1-9
- $25,000 at the end of year 10
- $9,000 per year at the end of each year for years 11-22
- Assuming you earn 8% as an annual rate of return, how much will you have 22 years from today when you retire?
Solutions
jeff jeffy answered 2 years agoRelated Solutions
You have finally saved $10,000 and are ready to make your first investment. You have the...
You have finally saved $10,000 and are ready to make your first
investment. You have the three following alternatives for investing
that money:
A Microsoft bond with a par value of $1,000 that pays8.75
percent on its par value in interest, sells for $1,203.06, and
matures in 18 years.
Southwest Bancorp preferred stock paying a dividend of
$3.253.25 and selling for $22.69.
Emerson Electric common stock selling for $55.55, with a par
value of $5. The stock recently paid a...
You have finally saved $10,000 and are ready to make your first investment. You have the...
You have finally saved $10,000 and are ready to make your first
investment. You have the three following alternatives for investing
that money:
A Microsoft bond with a par value of $1000 that pays 8.75
percent on its par value in interest, sells for $1235.11, and
matures in 9 years.
Southwest Bancorp preferred stock paying a dividend of $2.59
and selling for $22.63.
Emerson Electric common stock selling for $56.03, with a par
value of $5. The stock recently paid...
You have finally saved $10,000 and are ready to make your first investment. You have the...
You have finally saved $10,000 and are ready to make
your first investment. You have the three following alternatives
for investing that money:
• A Microsoft bond with a par value of $1,000 that pays
9.50 percent on its par value in interest, sells for $1,283.61,
and matures in19 years.
• Southwest Bancorp preferred stock paying a dividend of
$3.23 and selling for $21.56.
• Emerson Electric common stock selling for $63.11,
with a par value of $5. The stock...
You have finally saved $10,000 and are ready to make your first investment. You have the...
You have finally saved $10,000 and are ready to make your first
investment. You have the three following alternatives for investing
that money: bullet • A Microsoft bond with a par value of $ 1
comma 000 1,000 that pays 9.25 9.25 percent on its par value in
interest, sells for $ 1 comma 218.53 1,218.53, and matures in 7 7
years. bullet • Southwest Bancorp preferred stock paying a dividend
of $ 2.11 2.11 and selling for $ 28.27...
You have finally saved $10,000 and are ready to make your first investment. You have the...
You have finally saved $10,000 and are ready to make your first
investment. You have the three following alternatives for investing
that money:
•A Microsoft bond with a par value of $1,000 that pays 8.75
percent on its par value in interest, sells for $1,251.99,
and matures in 17 years.
•Southwest Bancorp preferred stock paying a dividend of $3.36
and selling for $24.49.
•Emerson Electric common stock selling for $56.48, with a par
value of $5. The stock recently paid...
You have finally saved $10,000 and are ready to make your first investment. You have the...
You have finally saved $10,000 and are ready to make your first
investment. You have the three following alternatives for investing
that money:
• A Microsoft bond with a par value of $1000 that pays 9.75
percent on its par value in interest, sells for $1,213.93 , and
matures in 99 years.
• Southwest Bancorp preferred stock paying a dividend of $3.34
and selling for $28.92.
• Emerson Electric common stock selling for $63.46, with a par
value of $5....
You have finally saved $10,000 and are ready to make your first investment. You have the...
You have finally saved $10,000 and are ready to make your first
investment. You have the three following alternatives for investing
that money: A Microsoft bond with a par value of $1,000 that pays
8.00 percent on its par value in interest, sells for $1,150.62,
and matures in 18 years. Southwest Bancorp preferred stock paying a
dividend of $2.33 and selling for $29.71. Emerson Electric common
stock selling for $58.67, with a par value of $5. The stock
recently paid...
You have finally saved $10,000 and are ready to make your first investment. You have the...
You have finally saved $10,000 and are ready to make your first
investment. You have the three following alternatives for investing
that money: A Microsoft bond with a par value of $1,000 that pays
9.50 percent on its par value in interest, sells for $1,147.45,
and matures in 17 years. bullet Southwest Bancorp preferred stock
paying a dividend of $3.14 and selling for $24.61.
Emerson Electric common stock selling for $59.27, with a par
value of $5. The stock recently...
You have finally saved $10,000 and are ready to make your first investment. You have the...
You have finally saved $10,000 and are ready to make your first
investment. You have the three following alternatives for investing
that money:
Bank of America bonds with a par value of $1,000, that pays a
6.35 percent on its par value in interest, sells for $1,020, and
matures in 5 years.
Southwest Bancorp preferred stock paying a dividend of $2.63
and selling for $26.25.
Emerson Electric common stock selling for $52, with a par value
of $5. The stock...
you have finally saved $10,000 and are ready to make your first investment. You have the...
you have finally saved $10,000 and are ready to make your first
investment. You have the three following alternatives for investing
that money: Captial cities ABC, Inc. bonds with a par value of
$1,000, that pays and 8.75 percent on its par value in interest,
sells for $1,314, and marures in 12 years. southwest bancorp
preferred stock paying a dividend f $2.50 and selling for $25.50.
emerson electric common stock selling for $36.75, with a par value
of $5. The...
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