Gene wants to have $310 000 in his investment account
| 1. Gene wants to have $310,000 in his investment account 20 years from today. Matt also wants $310,000 in his investment account but he is only willing to wait 15 years. How much more would Matt have to deposit today as compared to Gene if they both are to reach their goals and they both earn 14 percent on their investments? |
$19,454.50
$17,124.65
$20,873.78
$22,238.81
2.
| You want to have $7,500 saved 8 years from now. How much less can you deposit today to reach this goal if you can earn 7 percent rather than 5 percent on your savings? |
$751.85
$723.45
$711.23
$739.41
3.
| What is the present value of $19,500 discounted at 9 percent for 10 years? |
$8,237.01
$8,594.52
$7,904.84
$8,089.57
4.
| Charlie invested $7,300 in a stock last year. Currently, this investment is worth $8,988.38. What is the rate of return on this investment? |
23.13 percent
21.31 percent
23.26 percent
22.63 percent
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