Question

QUESTION 3 a rate of return of 11%. The amount of money you expect to Suppose you invest S1000 into a mutual fundt at is expected to earn have in ten years is closest to which of the following? The amount you $1420:$110,739 $2271;$166,109 $2839 ; $184,565 $3123;$221,478 1 po QUESTION 4 After installation A homeowner in a sunny climate has the opportunity to install a solar wäter heater in his home for a cost of $2900, The the solar water heater will produce a small amount of hot water every day, forever, and will require no maintenance. homeowner's water How much must the homeowner save on water bill is thus lowered by a fixed amount every year, forever. heating costs every year if this is to be a sound investment? (The interest rate is 5% per year) $145 $160 $175 $190

Answer 1