Q10BP-a. How much would you have to inves... [FREE SOLUTION] (2024)

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Q10BP-a. How much would you have to inves... [FREE SOLUTION] (2024)

FAQs

How much would you have to invest today to receive $15000 in 8 years at 10 percent? ›

Short Answer

An investor has to invest $6,997.61 today in order to receive $15,000 in 8 years.

How much would you have to invest today to receive 6000 each year for 10 years at 9 percent? ›

$38,505.95 is required today for the investment to become $6,000 each year for 10 years at 9%.

What will $10 000 be worth in 30 years? ›

Over the years, that money can really add up: If you kept that money in a retirement account over 30 years and earned that average 6% return, for example, your $10,000 would grow to more than $57,000. In reality, investment returns will vary year to year and even day to day.

How much is $500 a month invested for 10 years? ›

Here's how a $500 monthly investment could turn into $1 million
Years InvestedBalance At the End of the Period
10$102,422
20$379,684
30$1,130,244
40$3,162,040
Dec 17, 2023

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