A gentleman bought a limited edition Wolverine figurine in 1974 for $0.15. In 2012, 38 years later, he sold it for $36,900. What return did he earn per year over those 38 years?

Q: Sunil is 64 years old. For many years he owned a $2 shop which he has operated in a regional…

A: As per Australian Tax Law. Assessable income-any amount earned would be regarded as ordinary income…

Q: Your coin collection contains fifty 1952 silver dollars. If your grandparents purchased them for…

A: We have to find the future value of an investment given the annual rate of appreciation and…

Q: bob bought some lands costing $16,240. Today, that same land is valued at $46,517. how long has Bob…

A: Please find the answer to the above question below:

Q: Sam purchased a house in San Francisco, CA, in 1952 for $15,000. He never married but had several…

A: $ 1824253 The question related to capital gain tax on long term capital assets as the holding period…

Q: Leon Fillmore's lifelong dream is to own his own fishing boat touse in his retirement. Leon has…

A: The concept of time value of money will be used and applied here. As per the concept of time value…

Q: Kirk Van​ Houten, who has been married for 2424 ​years, would like to buy his wife an expensive…

A: GUIDE: (1) Compound Interest FV=PV(1+mr​)mtwhere:FV  = future valuePV = present valuer = interest…

Q: Taryn would like to open a new business as an interior designer, to funds her ambition she sold some…

A: As per Income Tax Act ,1977 – Australia, Capital Gain Tax (CGT) will be applicable on Collectibles…

Q: In 35 years, John is planning on retiring. In general, what type of financial instrument should he…

A: Retirement is the age on which the person or the employee stops working and now the person is…

Q: Raymond and Susan are married and 55 years old. They sell their personal residence for $850,000…

A: The objective of this question is to calculate the amount of gain that Raymond and Susan should…

Q: ack purchases a house for $90,000 and spends $15,000 to renovate it. He holds the house for 35 years…

A: Purchase price: $90,000Renovation cost: $15,000Selling price: $400,000

Q: Kirk Van​ Houten, who has been married for 22 ​years, would like to buy his wife an expensive…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: London purchased a piece of real estate last year for $81,800. The real estate is now worth…

A: Beginning value = $81,800Ending value = $104,600Total required return = 0.22 The formula for…

Q: Conrad Smith, a business executive, is an avid collector of vintage comic books. In February, he…

A: Collector A collector is someone who acquires art and collectibles to keep them safe, for personal…

Q: Sang-Shin retired at age 70 with $948,716 in savings. He expects to live off that savings for 22…

A: An annuity is a financial product that provides a series of payments to an individual over a…

Q: Your mom just checked on findmassmoney.gov and found out that she has unclaimed property that is…

A: Future value is the estimation of current assets' value which are likely to be receive in future…

Q: Five years ago, Teresa purchased an investment property for $189,795.  He sold it today for…

A: Annualized rate of return is calculated using following equation Annualized rate of return = Ending…

Q: Pete Smith found in his attic a Woody Woodpecker watch in its original box. It had a price tag on it…

A: Solution: Price tag of watch = $4.50 Sale price of watch now = $37.50

Q: Brian purchased a block of land in June 1987 for $110,000. At the time that he acquired the land he…

A: Capital gain means the sale of assets like land, bond, stocks etc. on profit. The sale price of…

Q: When Deborah purchased her home for 310,000 she put down a deposit of 8% besides her original…

A: Down payment = purchase price * 8%                          = 310000* 8%                         = $…

Q: The historic Virginia home that Confederate Gen. Robert E. Lee grew up in hit the market in April…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Bob bought some land costing $15,390. Today, that same land is valued at $44,817. How long has Bob…

A: Cost of land (P) = $15,390 Value of land today (F) = $44,817 Growth rate (r) = 5% Period of holding…

Q: our years of employment, John was able to save P250,000 after he had invested on purchasing a…

A: There is need of financial planning for the future and must invest with care and considering the all…

Q: ackie inherited an empty warehouse from her mother in August 1992. Her mother had originally bought…

A: The cost of acquisition is equal to the cost paid by the previous owner. The cost of acquisition of…

Q: 1. Indiana Jones finds an ancient Chinese bracelet that is worth $100,000 today. In one year, he…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Your good friend Andrew told you that his grandmother just passed. As the family went through her…

A: Time = t = 45 Present value = pv = $500 Future value = fv = $399,742

Q: This year Carla received corporate stock worth $35,000 as a gift from her grandfather. Her…

A: Gain or loss incurred on the sale of an asset is known as a capital gain or loss. It can be…

Q: Henry Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. Henry has…

A: Using excel PV function

Q: use. In July of 2016, the house was struck $120,000 for his personal belongings. His

A: given: Omar, a single person, purchased a home in July of 2004 for $400000. in July 2016 , house was…

Q: how much will your collection be worth when you retire in 2,063

A: The sum that will be paid out at the conclusion of a specific time period is the future value.. It…

Q: Joanna buys a new horse every five years. She uses a depreciation rate of 25% to estimate the value…

A: A depreciation rate of 25% indicates the value of the horse is decreased by 25% for each year.  $1…

Q: Ami has decided to be cryogenically frozen at the time of her death so that she can be resurrected…

A: Accumulated value:  The amount initially invested plus any profit on an investment made at a…