Unformatted text preview: he be in 5 years from allowing you to settle the debt today? 5. How much money would you have saved in 10 years if you invested $10,000 per year at 6%? 6. How much money must you invest each year, if you need $50,000 in 5 years and you can invest the money at 7%? 7. How much money must you invest today in order to withdraw $10,000 per year, for 10 years, if you can invest the money at 6%? 8. You have just received a $100,000 inheritance. If you invest the money at 7% over a 10 year period, how much can withdraw each year in equal payments so that at the end of the 10 th year( and the last payment) there will be no funds left?...
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- Spring '11
- Finance, Basic Concept Problems, Michael Jordan rookie