You buy 100 shares of a company's stock at $9.75/share and place the same amount in a savings account earning a 4.5% APR. The st

Question

3 years ago

11

ock gains 8% in the first year. What is the difference in total value between your stocks and savings account by the end of the first year?

2 answers:

Citrus2011 [14] · Answer 1 · 2022-05-14T20:35:34+03:00

8 0

Answer:

Same as above but round round down for the right answer

Goshia [24] · Answer 2 · 2022-05-14T18:39:12+03:00

4 0

Stocks-saving account
975×(1+0.08)−975×(1+0.045)=34.125