You thought long and hard, and did the analyses, but decide the company is too...

90.2K

Verified Solution

Question

Finance

You thought long and hard, and did the analyses, but decide the company is too risky for you so you decline the investment. But you already took out the $150,000 equity home loan so you consider putting this in a corporate bond fund. If you put the money in the bond fund and reinvest at the end of every year how much would it be worth in 8 years? 5.5% annual interest rate

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students