Fin 605 module 2 quiz Study guides, Class notes & Summaries

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 y...