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MA_775_DIABLO [31]
3 years ago
9

your parents spent $7,800 to buy 200 shares of stock in a new company 12 years ago. the stock has appreciated 14.6 percent per y

ear on average. what is the current value of those 200 shares?
Business
1 answer:
maw [93]3 years ago
4 0

Based on the information the current value of those 200 shares is $40,023.03.

Using this formula

Future value=Principal(1+rate)^Time

Where:

Principal=$7,800

Rate=14.6% or .145

Time =12 years

Let plug in the formula

Future value=$7,800 × (1 + .146)^12

Future value=$7,800×(1.146)^12

Future value=$7,800×5.131159

Future value= $40,023.03

Inconclusion the current value of those 200 shares is $40,023.03.

Learn more here:

brainly.com/question/24131921

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