You originally purchased a stock for $54 and now its worth $66. What annual rate of interest

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

Question:

You originally purchased a stock for $54 and now its worth $66. What annual rate of interest did you earn if you purchased the stock 8 years ago?

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: Dec 11, 2023 04:59 AM

See More Questions

A financial planner just offered you a new investment product that would require an initial investment on your part of $35,000, and then 25 years from now will be worth $250,000. What annual rate of...
If you were offered $1,079.50 ten years from now in return for an investment of $500 currently, what annual rate of interest would you earn if you took the offer?
If you were offered $ 1,079.50 10 years from now in return for an investment of $ 500 currently, what annual rate of interest would you earn if you took the offer?
Use the DerivaGem software to value a five-year collar that guarantees that the maximum and minimum interest rates on a LIBOR-based loan (with quarterly resets) are 7% and 5% respectively. The LIBOR...
In a balanced three-phase wye-delta system, the source has an abc-phase sequence and Van = 120 <40o A rms. The line and load impedance are and , respectively. Find the delta currents in the load.
In Exercises find an equation of the ellipse. Center: (0, 0) Focus: (5, 0) Vertex: (6, 0)
The relationship between a flea and its host is an example of (a) parasitism. (b) commensalism. (c) symbiosis. (d) parasitism and symbiosis.
Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31, 2014: Customer Amount Kim Abel ..... $ 21,550 Lee Drake .... 33,925 Jenny...
XYZ Company sells its merchandise on credit. It has noted the following: interest rates have increased, the global economy is on the brink of a recession, and legislative changes have been...
Write a program to find the sum, average, range of N non-zero positive integers. This program asks user to enter the value of N. Here, N indicates the number of values or terms from which user wants...
A 115 g of steam is emitted from a volcano at 100 C. How many kJ of heat should be released for the steam to fall as rain at 15 C?
If you have accumulated $3 million at the beginning of your retirement, how much would you be able to withdraw at the beginning of each year, in today's dollars, if your investments will earn 6%,...
Given the following cash flows for two mutually exclusive projects, and a required rate of return of 12%, what is the EAA for Project A? Year Project A Project B 0 -580,000 -580,000 1 290,000 130,000...
How does the intricate interplay between genetic polymorphisms and environmental factors contribute to the susceptibility of individuals to complex multifactorial diseases, and what are the...
Choose the type of rolling element bearings to support the rotating parts (not exact dimensions, just the type). Justify your choices Evaluate the diameter of the balls required such that the...
Suppose h is a function such that h(2)=-4, h'(2)=-7, h"(2)=6, h(5)=8, h'(5)=10, and h"(5)=20, and h" is continuous everywhere. Evaluate S(up) 5 (down)2 h"(u)du.
What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used?
Sally hires a maid to work in her home for $250 per month. The maid is 25 years old and not related to Sally. During 2012, the maid worked 10 months for Sally. a. What is the amount of Social...
The following additional information is available for the Dr. Ivan and Irene Incisor family. The Incisors own a rental beach house in Hawaii. The beach house was rented for the full year during 2012...
During 2012, William purchases the following capital assets for use in his catering business: New passenger automobile (September 30)........................$21,500 Baking equipment (June 30)...
A project under consideration has a 10-year projected life. The initial investment for the project is estimated to have a mean of $\$ 10,000$ and a standard deviation of $\$ 1,000$. The annual...
True or False: In determining the optimum replacement interval, it is necessary to assume negligible salvage values.
Match the terms in the first column with an appropriate definition from the second column. Terms (a) Breakeven analysis (b) Sensitivity analysis (c) Risk analysis Definitions (1) Determining how the...

You originally purchased a stock for $54 and now its worth $66. What annual rate of interest

Question:

Expert Answer:

To solve this problem we can use the formula for compound interest which is A P1 rnnt where A is the ... View the full answer

Income Tax Fundamentals 2013

Students also viewed these finance questions