CA Foundation Question  >  Suppose an investor wants to have $10 million... Save

Related Test

Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?
  • a)
    $18,561
  • b)
    $17,844
  • c)
    $20,003
  • d)
    $21,345
Correct answer is option 'A'. Can you explain this answer?

Answers

1 Crore+ students have signed up on EduRev. Have you?
Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer?

View courses related to this question
Explore CA Foundation courses
Explore CA Foundation courses
View courses related to this question

Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer?

B

Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer?
A= P( 1+i)^n
1 million=10,00,000
10 million=1,00,00,000
1,00,00,000 = P (1.15)^45
1,00,00,000) = P (538.769268949)
1,00,00,000/538.7692 =P
18560.82 =P

Using formula for Compound interestA=P(1 i)^nHere,A=10,000,000 i=0.15 n=45 10,000,000=P(1.15)^45 P = 18,560.82 ~ 18,561

Question Description
Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2023 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2023 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer?.
Solutions for Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.

Similar CA Foundation Doubts

Download free EduRev App

Track your progress, build streaks, highlight & save important lessons and more!
(Scan QR code)
This discussion on Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Suppose an investor wants to have $10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?a)$18,561b)$17,844c)$20,003d)$21,345Correct answer is option 'A'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.