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If Ken really saved $0.25 per week, what return would he have had to earn over 25 years

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Question;1 If Ken really saved $0.25 per week, what return would he have had to earn over 25 years to accumulate $30,000? If you assume a more realistic return of 12% per year, how much would he have to save per week?2 Roberto has $20,000 in an investment account at his brokerage, invested to earn an expected 13% over the coming 5 years. He is buying an engagement ring for his fianc?e, Sarah that costs $12,500. He is considering borrowing the cost of the ring on his credit card that charges him 18% and paying it back over 5 years. Using TVM calculations compare the direct cost of borrowing on the credit card versus the opportunity cost of selling some investments from his brokerage account.I need help but I want to learn exactly how those are calculated

 

Paper#52051 | Written in 18-Jul-2015

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