In March, a family starts saving for a vacation they are planning for the end of August. The family expects the vacation to cost $1534. They start with $125. At the beginning of each month they plan to deposit 25% more than the
previous month. Will they have enough money for their trip? If not, how much more do they need?
Select the correct answer below and, if necessary, fill in the answer box within your choice
O A. No, they need more. (Round up to the nearest dollar)
OB. Yes, they will have enough money

c.35

step-by-step explanation:

8+13=21

21+8=29

29+6=35

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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%