# Help me choose the correct answer...?

shahimermaid
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4. A financial advisor tells you that you can make your child a millionaire if you just start saving early. You decide to put an equal amount each year into an investment account that earns 7.5% interest per year, starting on the day your child is born. How much would you need to invest each year (rounded to the nearest dollar) to accumulate a million for your child by the time he is 35 years old? (Your last deposit will be made on his 34th birthday.) (Points : 1) \$6,525 \$7,910 \$12,500 \$20,347 5. How much money must you pay into an account at the end of each of 20 years in order to have \$100,000 at the end of the 20th year? Assume that the account pays 6% per year, and round to the nearest \$1. (Points : 1) \$1,840 \$2,028 \$2,195 \$2,718 6. Bell Corp. has a preferred stock that pays a dividend of \$2.40. If you are willing to purchase the stock at \$11, what is your required rate of return (round your answer to the nearest .1% and assume that there are no transaction costs)? (Points : 1) 21.8% 11.0% 9.1% 20.1% 7.Kilsheimer Company just paid a dividend of \$5 per share. Future dividends are expected to grow at a constant rate of 7% per year. What is the value of the stock if the required return is 16%? (Points : 1) \$33.44 \$55.56 \$59.44 \$65.87
• 10 years ago
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