You have $5,000 you want to invest for the next 45 years. You are offered an investment plan that will pay you 6 percent per year for the next 15 years and 10 percent per year for the last 30 years. How much will you have at the end of the 45 years? How much will you have if the investment plan pays you 10 percent per year for the first 15 years and 6 percent per year for the next 30 years?
举一反三
- Today, you deposit $2,400 in a bank account that pays 4 percent simple interest. How much interest will you earn over the next 5 years?
- Your bank account pays a nominal interest rate of 6 percent, but interest is compounded daily (on a 365-day basis). Your plan is to deposit $500 in the account today. You also plan to deposit $1,000 in the account at the end of each of the next three years. How much will you have in the account at the end of three years, after making your final deposit? ( ) A: $3,500 B: $3,164 C: $2,591 D: $3,788 E: $3,779
- You would like to buy a new automobile, and the car costs $68,500. If you can earn 9 percent, how much $____do you have to invest today to buy the car in two years?(retain 2 decimals)
- How have you changed in the last five years?I wonder if you could tell in the last five years. A: how have you changed B: how you have changed C: me how you have changed
- You want to have $35,000 in cash to buy a car 4 years from today. You expect to earn 8 percent, compounded annually, on your savings. How much do you need to deposit today if this is the only money you save for this purpose?