Your father invested a lump sum 26 years ago in an account earning 5.0% annual...

60.1K

Verified Solution

Question

Accounting

Your father invested a lump sum 26 years ago in an account earning 5.0% annual interest compounded annually. Today he gave you the proceeds of that investment, which totaled $50,000. How much did your father originally invest?

$15,920.12

$14,776.67

$14,062.04

$13,383.22

$12,738.38

You believe you will be able to buy a new Audi A5 Coupe four years from now. The current price of this model is $47,710. You read in Car and Driver magazine that the price of a new car of this model is expected to rise by 5% per year into the foreseeable future. When you are ready to buy it, your local bank will give you a 5 year loan at an annual interest rate of 15.1%, with no down payment required. How much will your monthly payments be?

$1374.84

$8766.92

$1365.03

$1137.52

$1383.97

Calculate the Expected Return of the following portfolio:

Stock Dollar Value Expected Return
A 2,000 14.8%
B 3,000 4.6%
C 5,000 16.2%
D 10,000 5.5%

7.5%

9.0%

8.3%

10.3%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students