1. You are offered an investment that will give you $27586 in 13 years in exchange for $6061 today. What is your expected rate of return on this investment? (round to 2 decimal places in percentage terms..for example 9.22 for 9.22 percent)
2. You want to accumulate $195153. You currently have $12470 saved. How much must you add at the end of each week for the next 11 years in order to reach your goal if you earn 8.56%?
3. Define bonds? Explain how bonds are priced. Be sure to provide an example of a bond.
4. Discuss the economic rationale for the existence of mutual funds, What roles do they play for investors.