You are trying to save to buy a new $170,000 Ferrari.

You have
$40,000 today that can be invested at your bank. The bank pays
5.3 percent annual interest on its accounts. How long before it
will be enough to buy you the Ferrari.
28 Years

If you believe that your mutual fund can achieve 12 percent

annual rate of return and you want to buy the Ferrari mentioned
above in a decade, how much should you invest today. Enter the
amount in dollars
$54736

In August 2013, Gareth Bale secured a transfer from Tottenham

Hotspur to Real Madrid. According to leaked documents, Real
Madrid agreed to pay three installments of 24.9 million euros and
1 installment of 21.9 mn euros for Bale. What is the transfer cost
for Gareth Bale, assuming the same costs as above. Assume a
discount rate of 5%. Enter the amount in mn dollars
103

You have your choice of two investment accounts. Investment A

is a 15 year annuity that features end of month $1200 payments
and has an interest rate of 8.5 percent compounded monthly.
Investment B is an 8 percent continuously compounded lump
sum investment, also good for 15 years. How much money
would you need to invest in B today for it to be worth as much as
investment A 15 years from now ? Enter amount in dollars
59370.42

SUBMIT