The price of a stock increases from $680 to $1,000 over a 2 year period. What...

 

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The price of a stock increases from $680 to $1,000 over a 2 year period. What is the annual interest rate earned on this investment? (Round to the nearest whole number) Mike has $150,000 in savings. He would like to purchase a boat for $600,000. How many years will it be before Mike has enough money to purchase the boat if he invests his savings at 5.25% ? (Round to the nearest whole number) The price of a stock increases from $680 to $1,000 over a 2 year period. What is the annual interest rate earned on this investment? (Round to the nearest whole number) Mike has $150,000 in savings. He would like to purchase a boat for $600,000. How many years will it be before Mike has enough money to purchase the boat if he invests his savings at 5.25% ? (Round to the nearest whole number)

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we need to calculate the annual interest rate earned on the stock investment assuming that the inter... View the full answer