1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
agasfer [191]
3 years ago
5

The "Brasher doubloon," which was featured in the plot of the Raymond Chandler novel, The High Window, was sold at auction in 20

14 for $4,582,500. The coin had a face value of $15 when it was first issued in 1787 and had been previously sold for $430,000 in 1979. At what annual rate did the coin appreciate from its minting to the 1979 sale? What annual rate did the 1979 buyer eanon his purchase? at what annual rate did the coin appreciate from its minting tothe 2014 sale?
Business
1 answer:
Strike441 [17]3 years ago
6 0

Answer:

The time line from minting to the first sale is:

0-192

$15 - $430,000

we can use either the FV or the PV formula. Both will give the same answer since they are the inverse of each other. We will use the FV formula, that is:

FV = PV(1 + r)t

Solving for r :

r = (FV/PV)1/t - 1

r = ($430,000/$15)1/192 - 1

r = .0549, or 5.49%

The time line from the first sale to the second sale is:

0-35

$430,000 - $4,582,500

we can use either the FV or the PV formula. Using the FV formula, that is:

FV = PV(1 + r)t

Solving for r:

r = (FV/PV)1/t - 1

r = ($4,582,500/$430,000)1/35 - 1

r = .0699, or 6.99%

The time line from minting to the second sale is:

0-227

$15 - $4,582,500

we can use either the FV or the PV formula. Both will give the same answer since they are the inverse of each other. We will use the FV formula, that is:

FV = PV(1 + r)t

Solving for r, we get:

r = (FV/PV)1/t - 1

r = ($4,582,500/$15)1/227 - 1

r = .0572, or 5.72%

You might be interested in
A german toy company manufactures its products within u.s borders. if the company decides to downsize and cut production by half
kow [346]
If the company decided to have its production cut into half of its original value, this will most likely be causing the unemployment of those who originally stayed with the company because of the company will most likely decide to fire some of its people to cut costs. In this essence, the country to which the company manufactures the product will have an increase in the unemployment percentage. 
3 0
3 years ago
Read 2 more answers
In order for a driver to graduate from a learner’s license to an operator’s license, how many hours of driving need to be docume
Harman [31]
Must have drove 50 hours on a learners permits, 10 of which are at night.
4 0
3 years ago
Nina Corp. had the following net income (loss) the first three years of operation: $6,700, ($1,200), and $3,800. If the Retained
RoseWind [281]

Answer:

The total amount of dividends paid over these three years is $8,600

Explanation:

The computation of the total amount of dividend for three years is shown below:

= Net income for first-year - net loss for the second year + net loss for the third year - ending retained earning balance

= $6,700 - $1,200 + $3,800 - $700

= $8,600

As we know,  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

So, we apply the same formula to compute the dividend amount

8 0
3 years ago
If the production of 25 sets of binoculars per day costs a firm​ $1,500.00 and the production of 26 sets of binoculars per day c
riadik2000 [5.3K]

Answer:

$50

Explanation:

Marginal costs refer to the additional expense incurred in the manufacturing of one more unit of a product. It is the incremental cost associated with producing an extra unit of a good.

The formula for calculating  marginal cost is,

MC = change in cost/ Change in quantity

in this case:

MC = $1550 - $ 1500

 26-25

MC = $50/1

Marginal costs= $50

5 0
3 years ago
Based on the current economic expansion (beginning in mid-2009), what percentage of earners are actually losing income?
steposvetlana [31]

Based on the current economic expansion (beginning in mid-2009), the bottom 90% of earners are actually losing income.

Generation Z refers to the generation born between 1997 and 2012, following the millennial generation. Gen Z will soon be the largest cohort of consumers. Brands wanting to participate in this opportunity should understand their own trends and digital expectations. Economics is the social field that studies how communities use scarce resources to meet their insatiable needs.

Three factors have contributed to the rapid growth of the world population over the last 200 years: Decreased mortality due to economic concomitant increases in fertility; better treatment of the disease reduces child mortality.

Learn more about economics at

brainly.com/question/17996535

#SPJ4

4 0
1 year ago
Other questions:
  • The ratio of the increase in ________ to the increase in ________ is called the multiplier.
    5·1 answer
  • Synergy is obtained by apportioning financial resources among divisions to increase financial returns or spread risks among diff
    10·1 answer
  • Rosa, roberto, andrea, and inno find an estimate for √10. who has proposed the best solution?
    9·1 answer
  • Dividends cause a(n) __________ in equity and are recorded directly in the _______ account.
    15·1 answer
  • Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of cumulative 7%, $100 par preferred stock o
    5·1 answer
  • The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050);
    5·1 answer
  • Gabe is browsing movies in a video store when he sees a man fall to the ground. Gabe has had a CPR and first aid class before, a
    5·1 answer
  • Computing and Assessing Plant Asset Impairment On July 1, Arcola Company purchases equipment for $330,000. The equipment has an
    6·1 answer
  • How does communication take place in the United States?
    7·1 answer
  • The following strategy(ies) could be used to sustain the value provided by an organization: Group of answer choices Run Strategy
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!