1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksandrvk [35]
3 years ago
15

XYZ can buy a Monet for $8,200,000 today. She believes that the masterpiece can be sold in 9 years for $19,600,000. What is the

annual rate of return that XYZ expects to earn on this art investment? a. 139.02% (plus or minus .02 percentage points) b. 15.45% (plus or minus .02 percentage points) c. 10.17% (plus or minus .02 percentage points) d. 26.56% (plus or minus .02 percentage points) e. None of the above is within .02 percentage points of the correct answer
Business
1 answer:
myrzilka [38]3 years ago
4 0

Answer:

c. 10.17%

Explanation:

we can use the future value formula:

future value = present value x (1 + r)ⁿ

  • future value = $19,600,000
  • present value = $8,200,000
  • n = 9

$19,600,000 = $8,200,000 x (1 + r)⁹

$19,600,000 / $8,200,000 = (1 + r)⁹

(1 + r)⁹ = 2.390243902

⁹√(1 + r)⁹ = ⁹√2.390243902⁹√

1 + r = 1.101663943

r = 1.101663943 - 1 = 0.101663943 = 10.17%

You might be interested in
The United States government sometimes has to interfere with the economy. Why would the government initiate an antitrust suit ag
Ilya [14]

Answer:

c

Explanation:

8 0
3 years ago
There are professional guidelines that should be observed in a home inspector's operation. These include client confidentiality,
Agata [3.3K]
After a keen research, there's a same question that provides choices. Here are the choices.

a) getting paid before delivering your service 
<span>b) providing several different types of test data on the home </span>
<span>c) providing the highest-quality technical information </span>
<span>d) asking the homeowner to point out defects in the house
</span>
So, the correct answer is letter (C) providing the highest-quality technical information.

There are professional guidelines that should be observed in a home inspector's operation. These include client confidentiality, using a standard inspection procedure, and "<span>providing the highest-quality technical information."</span>
7 0
3 years ago
Andrew carnegie was a native of what country? ireland scotland switzerland united states 2. carnegie made his fortune primarily
slavikrds [6]
He was born in the city of Dunfermline which is in the country Scotland. 
7 0
4 years ago
Read 2 more answers
If a firm experiences productivity gains from employee specialization, its marginal cost_________.
postnew [5]

Answer:

correct option is C. decreases at a decreasing rate.

Explanation:

solution

when an organization gain productivity than its marginal cost will be decreases at a decreasing rate  

as here when initial specialization of employee is lead to an significant reduction in the marginal costs though the more specialized people get

and less additional amount is save due to the  specialization

so here correct option is C. decreases at a decreasing rate.

4 0
3 years ago
What do individual shareholders gain when they buy shares of a company’s stock?
bekas [8.4K]
Answer: Partial ownership of the company
5 0
3 years ago
Read 2 more answers
Other questions:
  • Bramble Corp. sells MP3 players for $60 each. Variable costs are $30 per unit, and fixed costs total $120000. How many MP3 playe
    10·1 answer
  • SpeakEasy, a U.S. software company that specializes in voice-recognition software, wishes to rapidly enter the growing technical
    6·1 answer
  • Organizational ___________ is the process by which managers create a specific type of organizational structure and culture so th
    13·1 answer
  • Market anomaly refers to _______.A. an exogenous shock to the market that is sharp but not persistentB. a price or volume event
    12·1 answer
  • Which of the following statements about the Arbitrage Pricing Theory (APT) are correct? Check all that apply. The APT maintains
    5·1 answer
  • A good regression model has the fewest number of explanatory variables providing an adequate interpretation of the dependent var
    7·2 answers
  • What’s the term for a condition that must be met before closing? Contingency Exclusion Line item Option
    13·1 answer
  • Manuel operates equipment that moves natural gas through pipelines. Manuel is a Gas Compressor. Pipefitter. Power Dispatcher. Su
    12·2 answers
  • After Sandra finishes making her list, she does a bit of research to learn about the different technologies available. She
    11·1 answer
  • Rhiannon, a long-time employee for a healthy pet food company, conducts research about what customers want for their pets. She
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!