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Bogdan [553]
3 years ago
15

Over a 20-year period an investment of $1,000 in common stocks returned an average of 11% in nominal terms and 4% in real terms.

At the end of the 20 years, the portfolio value was:________
a. $3,679.19 in real terms.
b. $1,800 in real terms.
c. $8,062.31 in nominal terms.
d. $7,870.59 in nominal terms.
Business
1 answer:
Travka [436]3 years ago
6 0

Answer:

c. $8,062.31 in nominal terms.

Explanation:

The portfolio value required which is at the end of 20 years is the future value of the amount invested initially($1000) , compounded at the nominal rate of return 11% per year as shown below:

FV=PV*(1+nominal interest rate)^n

PV=present value=initial invested=$1000

nominal interest rate=11%

n=time horizon of the investment=20 years

FV=$1000*(1+11%)^20= 8,062.31  

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Answer:

Net Income for the year is $95,000.

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3 years ago
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According to the article, what should you do if you suspect your boss of unethical business practices?
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Answer:

Report it to the right person

Explanation:

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It says the best thing to do is to report it to the right person.

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Answer:

A. 2

B. May 1, 2021

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Cr Deferred revenue $89,870

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Cr Deferred Revenue $94,600

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Cr Deferred Revenue $94,600

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