Martinez puts $500 in his piggy bank. He adds $40 a month. How much money will Martinez have at the end of two years?

$1460

Step-by-step explanation:

So he already has $500 in his piggy.

There are 24 months in 2 years.

So, we would multiply 24 by $40

That would be $960

Add the $500 to $960.

$1460

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required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%