Question: In March 1963 Ironman was first introduced in issue number
In March 1963, Ironman was first introduced in issue number 39 of the comic book Tales of Suspense. The original price for that issue was 12 cents. By March of 2013, 50 years later, the value of this comic book had risen to $9,000. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2013?
Answer to relevant QuestionsA financial planner just offered you a new investment product that would require an initial investment on your part of $35,000, and then 25 years from now will be worth $250,000. What annual rate of interest would you earn ...In early 2013, typical terms on a payday loan involved a $15 charge for a two-week payday loan of $100. Assuming there are twenty-six 14-day periods in a year, what is the effective annual rate on such a loan?An insurance agent just offered you a new insurance product that will provide you with $2,376.50 ten years from now if you invest $700 today. What annual rate of interest would you earn if you invested in this product?What is the present value of the following annuities?a. $2,500 a year for 10 years discounted back to the present at 7 percentb. $70 a year for 3 years discounted back to the present at 3 percentc. $280 a year for 7 years ...The Knutson Corporation needs to save $15 million to retire a $15 million mortgage that matures in 10 years. To retire this mortgage, the company plans to put a fixed amount into an account at the end of each year for 10 ...
Post your question