1. Your goal is to have $87889. If you can earn 12.41% per year and you invest...
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Question:
1. Your goal is to have $87889. If you can earn 12.41% per year and you invest $10206 today, how many years until you reach your goal?
2. In 1998, the average price of a gallon of gas was $1.06. Today, the average price of a gallon of gas is $2.73. At what annual rate has a gallon of gas increased over the last 20 years?
3.Suppose that 2 years ago you bought an old record player at a yard sale for $7. You saw today on E-bay that the same record player is selling for $43. If you were to sell the record play at that price today, what would be the implied return percentage?
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date: