Present worth?
How much would you have to invest today to receive $6,000 respectively year for 10 years at 9 percent?Answers: 1) PV = (PMT/i) x [1-(1/(1+i)^n]
2) PV = ($6000/.09) x [1-(1/1.09^10]
3) PV = $66,666.66 x (.57759)
4) PV = $38,505.66
Where can I buy stocks online?
Answers: I recently signed up at Zecco. com and I love everything about it. You should seriously check it out sometime. You can receive up to 10 free stock trades if you have at least the minimum of $2,500 in your account and every trade after that is only $5.00. You wont find a better deal at any other website.
Scottrade, Etrade, Schwab, Ameritrade, are some of the more popular ones..
Be sure you do research before you jump in with both feet
I use Scottrade. You need to set up the account, get money to them, and then it might take a business day of two before it registers in your account. It'll be tough to make any move quickly if you are not already set up. But that gives you time to cool off a bit and study more.
Future efficacy?
if you invest $9,000 today, how much will you have surrounded by 2 years at 9 percent? I have it at 10,692.90 is this right?Answers: Assuming it is compounded annually you enjoy it right.
9,000 x 1.09 x 1.09 = 10,692.90