6. Assume you purchased a stock this year for $28.16 a share. What price will th

Question

6. Assume you purchased a stock this year for $28.16 a share. What price will the stock have to reach in 47 years, if you want to realize an annualized return of 10% upon its sale? 7. To have $30.000 ready for a down payment for a mortgage loan from a bank in five years, how much should you have in the bank today, given a 1% interest rate? 8. Lois I. Likesmoney expects to receive $50,000 in payments from a trust fund for cach of the next 20 years. What is the current value ofthis stream of payments if it is discounted at 8%? .o8 9. How much could you wind up with in the year 2037, if you currently have $5,000 in your mutual fund, and earn 4% each year on it

Explanation / Answer

6.

price will reach in 47 years

=28.16*(1+10%)^47

=2483.64

the above is the answer

we do only one question based on Chegg rule.

Related Questions

Navigate

• Browse (All)
• Browse 6
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.