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out for STEM and Business All your home solutions in yo pocket MacBook Air Practice

out for STEM and Business All your home solutions in yo pocket MacBook Air Practice Problems 1. You would like to retire with $1 million in your account at the end of 40 years. How much would you have to deposit per year into a 401K plan to meet your goal, assuming the money is invested in:

a: T-bills paying 5% per year. b: The Stock Market with an expected return per year of 10%? lock 2. You have just won the lottery and have two choices with regard to the payout: a: $1 million today, or b: $40,000 per year for 40 years. Which one would you prefer assuming you can invest at 5% per year? 3.

The Prime Rate today is 8.5%. Which of the following banks would you prefer to borrow from: a. First National: Prime + 1%, compounded annually. OR b. Second National: Prime + 0.5% compounded monthly. 700 000 30 year mortgage The mortgage rate is 7 percent. What

Jan 31 2020 View more View Less

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