InClass Problems

InClass Problems - In-Class Problems 1 How much would I...

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Unformatted text preview: In-Class Problems 1. How much would I have to invest today if I want to accumulate $1M in 45 years? Assume that I can earn 12% interest per year. a. $11,354 b. $4,981 c. $17,873 d. $6,098 $6,098 2. How much would I have to invest each month if I want to accumulate $1M in 30 years? Assume that I can earn 1% interest per month. a. $121 b. $543 c. $286 d. $761 $286 3. When will I accumulate $1M if I invest $40k today and earn 1.5%/month? a. 24 years b. 41 Years c 13 years d. 18 years 18 Years 4. How much can I withdraw from savings in 35 years if I invest $100 every two weeks and earn .32% per two week period? (There are 26 two week periods in a year) a. $91,265 b. $147,458 c. $764,541 d. $540,882 $540,882 5. I want to retire in 42 years with $2M. If I can earn .35% per two week period, How much do I have to invest every two weeks? a. $254 b. $376 c. $158 d. $427 $158 ...
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