Question: 10 points La An You know that average runs on the stock market have ranged beteren about and 12% per year in recent decades. So

10 points La An You know that average runs on the

10 points La An You know that average runs on the stock market have ranged beteren about and 12% per year in recent decades. So when someone on oddams that there is an investment that can give you a guaranteed average return of 9% per month, you did not believe them. What would be the annual percentage rate on the investment that the redditor describes? Answer as a percent

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

TQ 2.1: What isthe elements of standing and what three things must a plaintiff show in order to have it? TQ 2.3: In MA v. EPA , how did the Court rule in regards to the plaintiff's standing?How did...

Q:

Question 4 10 points Save Answe You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone on reddit claims that there is an...

Q:

10 points Save Answer You know that average rubams on the stock market have ranged between about 0% and 12% per year in recent decades So when someone on reddams that there is an extent that can give...

Q:

You just got the Amazon credit card. The annual rate is 24.5% and interest compounds daily. What is the effective annual rate (EAR)? Convert to a percent round to 2 decimal places. 10 points QUESTION...

Q:

QUESTION 1 You are late paying your cable bill again. It was due 7 days ago and you have been charged $ 3 0 . Your bill was $ 1 1 1 . What is the period rate? Convert to a percent and round to 2...

Q:

You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone on reddit claims that there is an investment that can give you a...

Q:

1.You are late paying your cable bill again. It was due 10 days ago and you have been charged $21. Your bill was $159. What is the period rate? Convert to a percent and round to 2 decimal places....

Q:

You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone on reddit claims that there is an investment that can give you a...

Q:

You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone on reddit claims that there is an investment that can give you a...

Q:

You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone on reddit claims that there is an investment that can give you a...

Q:

You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone on reddit claims that there is an investment that can give you a...

Q:

On October 3, Valley Clothing Inc. reacquired 10,000 shares of its common stock at $9 per share. On November 15, Valley Clothing sold 6,800 of the reacquired shares at $12 per share. On December 22,...

Q:

Looking Into my Decisions What is your decision? What are the factors that led you to this decision? Situation 1. A group of learners invited you to join a virtual organization and encouraged you to...

Q:

Which of the following statements is NOI correct? Investors can interpret a stock repurchase program as a signal that the firm's managers believe the stock is undervalued. Companies can repurchase...

Q:

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Q:

3. How useful are social networking sites for sharing work-related information?

Q:

3. Obtain a copy of the ACAS Code of practice 1: disciplinary and grievance procedures (2009). Use this, and our suggestions in this chapter, to rewrite or modify either of the procedures you used...

Q:

describe the main features of a disciplinary procedure and of a grievance procedure