If you invest $1000 and you have $9,000 at the end of 11 years, what is your

Fantastic news! We've Found the answer you've been seeking!

Question:

If you invest $1000 and you have $9,000 at the end of 11 years, what is your average annual rate of return? Input your answer as a decimal rounded to three decimal places (i.e. 10.44% would be .104; 10.45% would be .105)

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Apr 27, 2023 05:27 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
In Fig. P2.72 gate AB is circular. Find the moment of the hydrostatic force on this gate about axis A. Neglect atmospheric pressure.
Both Dave and Kelly own auto parts stores. The following information is available for 2011 and 2012: 1. Calculate each companys turnover for inventory for 2012. 2. Calculate each companys days in...
What guidelines should be followed when planning and incorporating visuals into a presentation?
Assume that water flowing past the equilateral triangular bar shown in Fig. P9.1 produces the pressure distributions indicated. Determine the lift and drag on the bar and the corresponding lift and...
The records of Grade A Steak Company list the following selected accounts for the quarter ended April 30, 2012: Requirements 1. Prepare a multi-step income statement. 2. M. Davidson, manager of the...
On January 1, 2020, Everly Bottle Company sold $4,000,000 in long-term bonds. The bonds will mature in 4 years and have a stated interest rate of 10% and a yield rate of 8%. The bonds pay interest...
Today is May 15, 2000, and the current, semi-annually compounded yield curve is in Table 3.6. Compute the duration for the following securities: (a) 3-year zero coupon bond (b) 3 1/4-year coupon bond...
4. Suppose that you work as an anti-trust economist for the Department of Justice of the US. Your research division is investigating an anti-trust case of a major cigarette company. Given the...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other...
< Pam runs a mail-order business for gym equipment. Annual demand for TricoFlexers is 17,500. The annual holding cost per unit is $2.75, and the cost to place an order is $37. a. What is the economic...
Who governs the collection, storage, and release of health information kept in an electronic format? List just a few of the things that a compliance plan should include. Why was there a need for more...
Prepare the journal entries to record the following sales transactions in Blue Spruce Corp.'s books. Blue Spruce uses a perpetual inventory system. (List all debit entries before credit entries....
Calculate the price of a one-year bond with quarterly coupons of 8^ per annum, a yield of 6% per annum and face value of $100 where the bond is purchased with 50 days to the first coupon payment and...
Fifteen thousand pounds of concrete are poured to form a concrete patio. The concrete weighs 135 pounds per cubic foot. Approximately how many cubic feet of concrete is poured to form the patio?...
Write the given system without the use of matrices. D) - ()- d (x sin t + 8 (2+ 1)
In 2012, Lou has a salary of $54,000 from her job. She also has interest income of $1,700. Lou is single and has no dependents. During the year, Lou sold silver coins held as an investment for a...
Jerry made the following contributions during 2012: His synagogue (by check).....................................................$680 The Democratic Party (by check)...
Patty Bayan is a single taxpayer living at 543 Space Drive, Houston, TX 77099. Her Social Security number is 466-33-1234. For 2012, Patty has no dependents, and her W-2 from her job at a local...
A $20 \mathrm{~kg}$ block is connected to a spring of stiffness $1 \times 10^{5} \mathrm{~N} / \mathrm{m}$ and placed on a surface which makes an angle of $30^{\circ}$ with the horizontal. A...
A motorcycle travels over a road whose contour is approximately sinusoidal, $y(z)=0.2 \sin (0.4 z) \mathrm{m}$ where $z$ is measured in meters. Using a SDOF model, design a suspension system with...
A suspension system is being designed for a $1000 \mathrm{~kg}$ vehicle. A first model of the system used in the design process is a spring of stiffness $k$ in parallel with a viscous damper of...

If you invest $1000 and you have $9,000 at the end of 11 years, what is your

Question:

Expert Answer:

We can use the formula for compound interest to cal... View the full answer

Income Tax Fundamentals 2013

Students also viewed these finance questions