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1. How much money would you have t

20 Aug 1. How much money would you have t

Posted at 17:39h in 1Academic Level by

1. How much money would you have to invest today, at an interest rate of 5% in order to reach your goal of $1,000,000 in 30 years? Assume no additional money is invested.

Choose One • 20 points

  • $123,737.45
  • $321,377.45
  • $231,377.45
  • $132,733.45

2. What annual investment amount must be invested every year in order to reach a goal of $1,000,000 in 30 years at an interest rate of 5%? (assume no upfront investment PV=0)

Choose One • 20 points

  • $15,051.44
  • $231,377.45
  • $1,000,000
  • $33,333.33

3. The two bank websites I researched showed that their annual savings account interest rates are ______.  This is because _____.

Choose One • 15 points

  • high…they are risky investments
  • low…they are nearly risk-free
  • low…the government (specifically Congress) keeps them low
  • high…the supply of ATM machines is too low

4. What one-time investment amount must be invested today, at a higher interest rate of 7.17% in order to reach a goal of $1,000,000 in 30 years?

Choose One • 20 points

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