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Liono4ka [1.6K]
3 years ago
5

This problem has been solved! See the answer In September of 1998, your father purchased a Michael Jordan basketball card for $0

.70. At present, the card is a collector’s item that would fetch $1,900 if sold. If your father were to sell this card now, in September of 2020, what would be the annualized percentage return on his investment?
Business
1 answer:
Elina [12.6K]3 years ago
5 0

Answer:

43.24%

Explanation:

The computation of annualized percentage return on his investment is shown below:-

Future value = Present value × (1 + rate of interest ÷ 100)^time period

$1,900 = $0.70 × (1 + r ÷ 100)^22

(1900 ÷ 0.7)^(1 ÷ 22) = (1 + r ÷ 100)

(1 + r ÷ 100) = 1.4324

r = 1.4324 - 1

= 43.24%

we simply applied the above formula.

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Which of the following individual achievements is not suitable to include in a college application?
satela [25.4K]

Answer:

Grade 6 spelling bee champion

Explanation:

it is not relevant by the time you are applying for college, and does not say very much about you as a person & what you like to do.

7 0
2 years ago
A tyre manufacturer wants to set a minimum mileage guarantee on its new MX100 tyre. Tests reveal the mean mileage is 47,900 with
maria [59]

Answer:

51,487.5

Explanation:

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InvNorm(.96) = 1.75

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6 0
3 years ago
Mauve starts a business that specializes in procuring and selling antique items. Her business caters specifically to individuals
stepan [7]

Answer:

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Explanation:

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Reference: WebFinance Inc. “What Is Market Niche? Definition and Meaning.” BusinessDictionary.com, 2019

6 0
3 years ago
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Gala2k [10]

Answer:

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7 0
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I believe that the answer is true.
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3 years ago
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