1 an investment offers to triple your money in 24 months, Ask an Expert

Finance

1. An investment offers to triple your money in 24 months (don’t believe it). What rate per six months are you being offered?

Rate %

2. Suppose you are committed to owning a $195,000 Ferrari. If you believe your mutual fund can achieve an annual return of 10.6 percent, and you want to buy the car in 8 years on the day you turn 30, how much must you invest today?

Amount to be invested $

3. A 12-year annuity pays $2,700 per month, and payments are made at the end of each month. The interest rate is 11 percent compounded monthly for the first six years, and 9 percent compounded monthly thereafter. What is the present value of the annuity?

Present value $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92665793

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