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3 years ago

13

Ryan miller would like to buy a condo in florida in six years. he is looking to invest $78,000 today in a stock that is expected

to earn a return of 13.7 percent annually. how much will he have at the end of six years?

1 answer:

stira [4]3 years ago

7 0

So you would do 78,000 * (1.137)^6

The formula is Principal * (1+rate)^number of terms

The answer is 168,522.30

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$3500 is deductible

Explanation:

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The Investment Interest expense can be set off against Net Investment income ( Interest income - Investment expenses i.e $25000-$2000=$23000) to the extent and the remaining is carried forward to the next year. so here the investment interest expense is wholly set off against the interest income i.e $3500 is deductible

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You have a portfolio that consists of equal amounts of IBM stock and Treasury bills. If you replace one-third of Treasury bills

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3 years ago

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Answer:

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Explanation:

Giving the following information:

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3 years ago

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4 years

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3 years ago