Anna, Barbara, and Clara have been friends since childhood. At the high school graduation ceremony they made a bet about who would be able to save up $100,000 in exactly 10 years. Ten years flew by in no time! Today, the three friends met at a high school reunion. Which one(s) of the three friends, if any, was able to save up $100,000 by now

You have $22,000 to invest in a stock portfolio. your choices are stock x with an expected return of 11 percent and stock y with an expected return of 13 percent. if your goal is to create a portfolio with an expected return of 11.74 percent, how much money will you invest in stock x? in stock y?

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You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.