Answer:
37% compounded annually
Explanation:
To find the answer we need to follow this formula:
Where:
- P = Present value of the stock
- I = Initial value of the stock
- r = Interest rate
- n = number of compounding periods
Now we plug the amounts into the formula:
900,000 = 150,000 (1 + r)^13
900,000 / 150,000 = (1 + r)^13
60 = (1 + r)^13
Ln60 = 13 Ln(1 + r)
4.09 / 13 = Ln(1 +r)
0.31 = Ln(1 + r)
e0.31 = Ln(1 + r)
1.37 = 1 + r
1.37 - 1 = r
0.7 = r
Thus, the annual interest rate is 37%
Answer:
234.03
Explanation:
If you do the math and multiply both the percentages by 3329 and subtract them you’ll get the answer! To multiply you have to turn the percentages into decimals
Answer:
Researching investments online can be valuable because: If the information is trustworthy it can provide a recent status of the investment. Also, online research tools provide the ability to find a great number of diverse investments
Explanation:
Answer:
FV= $159,840.60
Explanation:
Giving the following information:
Initial investment= $1,000
Number of years= 2016 - 1912= 104
Interest rate= 5%
<u>To calculate the value of the investment today, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,000*(1.05^104)
FV= $159,840.60
During the great
depression, a single sweater had a starting price of $1. Comparing the value of
a dollar from the 1930’s would have the equivalent buying power of $14.04
today. Therefore, during those hard times, sweaters were a bit pricey and food
was the ultimate concern for most struggling families.
