Question: SHORT ANSWBR ( Please do both ) You purchased the stock of Sargent Motors at a price of $ 7 5 . 7 5 one

SHORT ANSWBR (Please do both)
You purchased the stock of Sargent Motors at a price of $75.75 one year ago today. If you sell the stock today for $89.00 and received a dividend of $3 during the period, what is your rate of return?
In order to send your oldest child to law school when the time comes, you want to accumulate $40,000 at the end of 18 years. Assuming that your savings account will pay 6% compounded annually, how much would you have to deposit if you want to deposit one large lump sum today?
SHORT ANSWBR (Please do both) You purchased the stock of Sargent

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