Question: Please answer questions 2,3,9 and 10 2. Vincent Van Gogh sold only one painting during his lifetime, for about $30. A sunflower still life he
Please answer questions 2,3,9 and 10 2. Vincent Van Gogh sold only one painting during his lifetime, for about $30. A sunflower still life he paimed in 1888 sold for $39.85 million in 1988, more than three tienes the highest price paid previously for any work of art If this painting had been purchased for $30 in 1883 and sold in 1988 for $39.85 million, what would have been the annual rate of returm? (6) 3. On your first throagh fifth birthdays your parents placed $4,000 into your college fund (five total deposits of $4,000 each). The account has earned an average of 8.0% per year until today, your twentieth birthday. How much money is in the account today?8) 9, You are considering four different investments, one has an APR of 8.75% and is compounded Monthly, the second has an APR of 8.705, and is compounded weekly, the third has an APR of 68% and is compounded daily, and the fourth has an APR of 9.00% and is compounded annually. What is the EAR of each investment, and which one should you choose? (8) 10. Describe the difference between an annuity due and an ordinary annuity- please inlcude a timeline of each one.(4)
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