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  • Zhang H: Million 40

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    Zack Zhang
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    1. The document discusses calculating the future value of an investment of $1 million over 40 years at an interest rate of 9%. The future value is calculated to be $7,123,710.96. 2. It then calculates investing $500,000 for 29 years at an interest rate of 5%, obtaining a future value of $2,959,600. 3. It forgets to include some key details like the investment amount and interest/growth rates in subsequent calculations.

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    1. The document discusses calculating the future value of an investment of $1 million over 40 years at an interest rate of 9%. The future value is calculated to be $7,123,710.96. 2. It then calculates investing $500,000 for 29 years at an interest rate of 5%, obtaining a future value of $2,959,600. 3. It forgets to include some key details like the investment amount and interest/growth rates in subsequent calculations.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views4 pages

    Zhang H: Million 40

    Uploaded by

    Zack Zhang
    1. The document discusses calculating the future value of an investment of $1 million over 40 years at an interest rate of 9%. The future value is calculated to be $7,123,710.96. 2. It then calculates investing $500,000 for 29 years at an interest rate of 5%, obtaining a future value of $2,959,600. 3. It forgets to include some key details like the investment amount and interest/growth rates in subsequent calculations.

    Copyright:

    © All Rights Reserved
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    of 4

    Han Ri Zhang h22918

    1 A FV i
    FV 1 million 之 9
    N 40

    A 1000000
    器 1 29
    型
    2 500000

    3 Ft A 望
    A 2959.6 i o 0772
    N 40

    5V 2959.6
    花 ⽵
    712370.96
    4 400000
    5 I
    forgot to
    6 吵 Fv 惢1 A
    F Vi l million i 009 N 30

    蕊
    0
    A 1000000

    7336.35
    7336.35 each
    year
    B
    7336
    答
    靠 147.9

    不 set the investment


    A
    amount
    of
    interest rate 讠 growth rate
    g
    呼⻔
    FFA
    Iii呮 㖄 唰
    511 ⼗ 洲 州 ⽵ ⼼ ⽵州
    1讠 器
    ⼈
    A 前gg n 1000000

    42 2
    8
    Lease a truck
    PV 是
    ⼆
    1 前 357490
    35749.05137000
    I would lease a truck

    g
    Additional
    truck
    pr 赫 器 N

    器 1 可⻔
    若 14713
    35528.7 35749.05
    37000 1471.3
    Then
    by the truck
    lo A 彘⼼ ⼀
    器避
    11 A 1
    器训 3496.07

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