Answer:
2118 dollars
Step-by-step explanation:
His capital gain is the difference in the (sell - buy) prices multiplied by the number of shares (120).
120 * (85.89 - 68.24) = 120 * 17.65 = 2118
The capital gain is a short term gain (held under a year)
The amount is 2118 dollars.
A = P(1 +r/n)^nt
P = 500
r = 3.2% = 0.032
n = 1
t = 10
A = 500(1 + 0.032)^10
A = $685.12
The answer is 12.6 that’s the answer right there