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Andrej [43]
3 years ago
14

The average annual stock return is 11.3%. If you begin your investment portfolio with $2,000, what will your portfolio be worth

in 30 years if the average holds?
Business
2 answers:
Natasha_Volkova [10]3 years ago
6 0

Answer:

6780$

Explanation:

We first find 11% of 2000 by the following equation

2000 x .11

From this we get the annual interest 226$

226$ x 30 = $6780

Artemon [7]3 years ago
4 0

Answer:

$49,646

Explanation:

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Assume that Tom and Mason are in the 24% marginal tax bracket and the actual before-tax cost for Tom to drive to and from work i
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The question incomplete! The complete question along with answer and explanation is provided below.

Question:

Eagle Life Insurance Company pays its employees $.30 per mile for driving their personal automobiles to and from work. The company reimburses each employee who rides the bus $100 a month for the cost of a pass. Tom, in his Mazda 2-seat Roadster, collected $100 for his automobile mileage, and Mason received $100 as reimbursement for the cost of a bus pass.

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