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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