Suppose an investor wants to have \$10 million...

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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?

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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?

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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

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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?.
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