You have $81,455,75 in a brokerage account and you plan to deposit on additional $21,000 at the end of each future. year until your account reaches $ 500,000, You expect to earn. ▷ 9% annually on the account. How long will it take to reach your goal? You just received an inheritance worth $200,000. You want to retive in 30 30 years and you don't plan to make any additional contributions. If you reed $1,000,000 in order to retire, what interest rate must you earn in order to reach your goal? An investment will $300 at the end of each of the раз next 3 years, $150 at the end of Year 4, $500 at the end of Year 5, $100 at the end of Year 6, and require a $400 payment at the end of Year 7. If other investment of equal risk earn 7% annually, what is the present value of the cash flow stream ? Using the same information from question 5, what is the future value of the cash flow stream?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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You have $81,455,75 in a brokerage account,
plan to deposit on additional $21,000
and you
Dat the end of each future
your
year until
account reaches $500,000, You expect to earn.
D9% annually on the account. How long will it take
to reach your goal?
ΑΑΑΑΑΑΑΑΑΑΑΔΔΑΔ ΔΔΔΔ Δ Δ ΔΔΔΔΔΔΔΔΑ
You just received an inheritance worth $200,000.
You want to retive in 30 years and
you don't
plan to make any additional contributions. If you
feed $1,000,000 in order to retire, what interest
rate must you earn in order to reach your goal?
$300 at the end of each of the
An investment will
раз
next 3 years, $150 at the end of Year 4, $500
at the end of Year 5, $100 at the end of Year 6, and
1.
require a $400 payment at the end of Year 7. If other
investment of equal risk earn 7% annually, what is the
present value of the cash flow stream 1
Using the same information from question 5, what
is the future value of the cash flow stream?
Transcribed Image Text:You have $81,455,75 in a brokerage account, plan to deposit on additional $21,000 and you Dat the end of each future your year until account reaches $500,000, You expect to earn. D9% annually on the account. How long will it take to reach your goal? ΑΑΑΑΑΑΑΑΑΑΑΔΔΑΔ ΔΔΔΔ Δ Δ ΔΔΔΔΔΔΔΔΑ You just received an inheritance worth $200,000. You want to retive in 30 years and you don't plan to make any additional contributions. If you feed $1,000,000 in order to retire, what interest rate must you earn in order to reach your goal? $300 at the end of each of the An investment will раз next 3 years, $150 at the end of Year 4, $500 at the end of Year 5, $100 at the end of Year 6, and 1. require a $400 payment at the end of Year 7. If other investment of equal risk earn 7% annually, what is the present value of the cash flow stream 1 Using the same information from question 5, what is the future value of the cash flow stream?
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