A=x(1+r/n)^nt
21150=x(1+0.032/12)^84
21150=x(1+0.0026666)^84
21150=x(1.002666666)^84
21150=x(1.25069809)
21150/1.25069809=x
16910.56=x
Hope this helps!
V = (-7,-4)
8v would be 8 times both numbers
8v = (8*-7, 8*-4)
8v = (-56, -36)
magnitude = square root( -56^2 + -36^2)
= sqrt(3136 + 1296)
= sqrt(4432 )
= 4 sqrt(277)
Michael's initial investment is $45.80, the cost of the share.
Michael Receives $1.71 in dividends.
He receives $47.50 for the stock when he sells it.
His profit on the sale of the stock is $47.50 - 45.80 = $1.70.
His total return on the stock is his total earnings, the dividends plus his profits on the sale of the stock, divided on what he paid initially, $45.80:
(1.71 + 1.70) ÷ 45.80 = .0744 = 7.45%
7.45% return on investment in less than a year, not bad!
Closest answer is 7.7%, not sure why it isn't exactly 7.45 or 7.5%.
Answer is B) 7.7%
Answer:
200 divided by 50= 4 so 4 months
Step-by-step explanation:
C, because 7 divided, or over nine, is 7/9
Hope this helps!
