You purchase 1,000 shares of ACME Inc. for a total investmen…
You purchase 1,000 shares of ACME Inc. for a total investment of $3,500. After 35 years you check your account and discover that your 1,000 shares of ACME stock are now worth a total of $138,000. What has been your average annual rate of return over the 35-year period?
Read DetailsYou have a plan to retire in 27 years. Before last month you…
You have a plan to retire in 27 years. Before last month you owned $200,000 in an S&P 500 index fund. The stock market has dropped 20% in the last month so now your $200,000 has lost $40,000 in value. Ouch! What should you do?
Read DetailsCosmo just found a new Cosmobile for $22,000! He paid $3,000…
Cosmo just found a new Cosmobile for $22,000! He paid $3,000 down and financed the rest with a 4-year, 2.9% APR (compounded monthly) auto loan. What is his monthly payment? How much interest will he end up paying over the course of the 4-year loan?
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