You purchased 100 shares of ABC company at $7 per share and…

You purchased 100 shares of ABC company at $7 per share and sold the shares 5 years later at $18 per share. You paid no commission on the purchase or sale of the shares, and no dividends were paid on the shares. What was your holding period return on the investment?

Ellie is planning to retire in 10 years. She wants to have $…

Ellie is planning to retire in 10 years. She wants to have $1,500,000 in investment assets when she retires. Her current investment accounts have a total balance of $580,000, and she can earn 9% per year on her investments. How much should Ellie invest each month to reach her goal? (round your final answer to the nearest dollar)