100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary Northern Kentucky University FIN 605 Quiz 2 Answered Fall 2024. $10.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Northern Kentucky University
  4.  
  5. FIN 605 (FIN605)

Summary

Summary Northern Kentucky University FIN 605 Quiz 2 Answered Fall 2024.
 2 views  0 purchase

Quiz 2 You wish to save $500,000 in the next 25 years. You notice that a corporate bond fund earns about 11 percent per year and that is where you put your savings. How much must you save each year to obtain your goal?  $20,000.00  $2,000.00  $4,370.13  $3,749.98 If the present ...

[Show more]

Preview 1 out of 3  pages

Document information

  • September 18, 2024
  • 3
  • 2024/2025
  • Summary

Subjects

Written for

All documents for this subject (5)

Seller

avatar-seller
Topscorer

Reviews received

Content preview

Quiz 2
You wish to save $500,000 in the next 25 years. You notice that a corporate bond
fund earns about 11 percent per year and that is where you put your savings. How
much must you save each year to obtain your goal?
 $20,000.00
 $2,000.00
 $4,370.13
 $3,749.98
If the present value of a given sum is equal to its future value, then
 there is no inflation
 the discount rate must be very high
 none of the answers is correct
 the discount rate must be zero
If you invest the $10,000 you receive at graduation (age 22) in a mutual fund that
averages a 12% annual return, how much will you have at the retirement in 40
years?
 $783,879
 $930,510
 $909,090
 $510,285
Your brother, who is 6 years old, just received a trust fund that will be worth
$25,000 when he is 21 years old. If the fund earns 10 percent interest compounded
annually, what is the value of the fund today?
 $6,575
 $5,985
 $6,875
 $104,602
The earnings of Omega Supply Company have grown from $2.00 per share to $4.00
per share over a nine year time period. Determine the compound annual growth
rate.
 22.2%
 100%
 8%
 11.1%
Determine how much $1,000 deposited in a savings account paying 8%
(compounded annually) will be worth after 5 years.
 $784
 $1,469
 $5,526



This study source was downloaded by 100000890485048 from CourseHero.com on 09-17-2024 17:15:23 GMT -05:00


https://www.coursehero.com/file/240058158/Module-2-Quiz/

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Topscorer. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72964 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

Exam (elaborations) FIN 605 (FIN605) Quiz 3 Questions & Answers.
$10.49
  • (0)
  Add to cart