The amount I would have at the end of 3 years is $133.10.
<h3>How much would I have at the end of the 3 years?</h3>
When an amount is compounded annually, both the amount invested and the interest accrued increase in value one a year.
The formula for calculating future value:
FV = P (1 + r)^n
- FV = Future value
- P = Present value
- R = interest rate
- N = number of years
$100 x (1.1^3) = $133.10
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on january 1, you sold short one round lot (that is, 100 shares) of snow’s stock at $21 per share. on march 1, a dividend of $3 per share was paid. on april 1, you covered the short sale by buying the stock at a price of $15 per share. you paid 50 cents per share in commissions for each transaction.
The answer is True because it depends on both
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