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: Larry purchased an annulty from an insurance company that promises to pay him $1,000 per month for…

A: Exclusion ratio=Investment AmountExpected Annuity Value×100

Q: How much money will there be in the account?

A: solution A= R(1+i)n+1/i R= Contribution half year=$425 n= number of periods=48 years - 33 years =15…

Q: Bryan and Geena had purchased a house 10 years ago. They insured the house for RM650,000 with the…

A: Replacement cost coverage clause- It is a property insurance clause that is defined in the insurance…

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: How much money did he have for retirement?

A: Future Value of annuity = A= R* (1+rm)n-1rmwhereA - future valueR - periodic paymentr - nominal…

Q: Kim decides to retire in 15 years but she has nothing saved. She wants to receive $3,000 per month…

A: Step 1 The amount paid each month to repay the loan over the course of the loan is known as the…

Q: Eugene began to save for his retirement at age 26, and for 10 years he put $ 425 per month into an…

A: Here we have to use the concept of future value to determine the retirement amount.  The amount…

Q: Your coin collection contains 61 1952 silver dollars.   If your grandparents purchased them for…

A: Future value is the value of current cashflow at the future date compounded at the specified rate.…

Q: Michael writtey has been investing in his Roth IRA retirement account for 20 years. Two years ago,…

A: IRA retirement account worth two years ago = $215,658 Current value after losing 1/3 rd of value =…

Q: Assume the growth rate that you calculated in #1 prevailed since 1795. Calculate the price of the…

A: Compound Amount Factor = CAF = (F/P,i,N) = (1+i)n i = Annual Compounded Growth Rate N = Number of…

Q: In 2017, John makes a gift to his Billy. The amount of the gift is $50,000 in cash. John also gifts…

A: Estate tax return: The estate tax is the tax on the transfer of estate (property) of the deceased…

Q: Your coin collection contains 49 1952 silver dollars. If your grandparents purchased them for their…

A: Future Value of the 1952 coin of 49 at the end of 2059, with an interest rate of 5.2% is calculated…

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: how much will this collection be worth when that time comes?

A: Future Value: It represents the future worth of the present sum of money and is computed by the…

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

A: Solution Step (1)   Particulars Amount Present value $50.00 Int rate 4.30% Periods 115

Q: Jared bought a gold ring Necklace for $600 -1 year ago, and sell it today for $1,700. How much Net…

A: Because the Internal Revenue Service considers actual possession of precious metals such as gold to…

Q: 20 years old and inherit $60,000 from your grandmother. If you wish to purchase a $88,150 boat to…

A: In this question, following parameters are given: n- number of periods PV- present value FV- future…

Q: T uo pəip Jəuio ellery worth $500,000. The jeweller - in August 1990 at a cost of $40,00 p10 was…

A: According to law, losses or profits on assets bought prior to September 20, 1985 are normally free…

Q: Your coin collection contains 70 silver dollars minted in 1950. If your grandparents purchased them…

A: Initial value (P) = $ 70 Period from 1950 to 2060 (n) = 110 Years Annual rate (r) = 7.3%

Q: Vlad died on October 20, 2018. During his lifetime, upon knowing that he had Stage 4 cancer, sold…

A: Given Information: Sales value of Lamborghini car    -   P4,000,000 Fair market value at the time of…

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: what will be the balance of her account after 30 more years assuming the same 8% interest

A: PRESENT VALUE:The concept of present value (PV) is a fundamental principle in finance, used to…

Q: Butte sold a machine to a machine dealer for $51,200. Butte bought the machine for $53,800 several…

A: Depreciation expense refers to amount of depreciation that is reported on income statement.

Q: Cecilia is 28 years old today and wants to retire at age 65. She plans to put $5,000 into an account…

A: Annuity is a series of equal cash payments over a period.The current age is 28 and investment is…

Q: Your coin collection contains 41 1952 silver dollars. If your grandparents purchased them for their…

A: Present Value The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: After retiring, Rachael wants to be able to withdraw $30,000.00 every year from her account for 29…

A: Annuity means no. of finite payments of equal value or amount made in equal time period. Person…

Q: ne began to save for his retirement at age 30, and for 13 years he put $ 250 per month into an…

A: Future value of annuity is the future value of all the stream of cash flow. Future value of annuity…

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

A: Present value is the current value of future amounts at a specified rate of return.

Q: arl purchases two cars in 2015.  A Corvette for $50,000 and a Honda for $30,000.  Both cars were…

A: Given,  Cost price of Corvette = $50,000 Selling Price of Corvette = $55,000 Cost price of Honda =…

Q: Joanne is retiring this year. When she started saving 40 years ago, she planned to invest $1,000 per…

A: The FV of an investment refers to the cumulative worth of the investment's cash flows at a future…

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: Mitch and Bill are both age 75. When Mitch was 25 years old, he began depositing $1200 per year into…

A: The bank generally provides compounded interest on the deposits in the saving account. The…

Q: rad sold a rental house that he owned for $247,000. Brad bought the rental house five years ago for…

A: Gain/(loss) = Sale price - adjusted basis of rental house  Adjusted basis of rental house = Purchase…

Q: Mr. Low owned two homes from 2020 to 2022. He had purchased Home A in 2008 for $300,000. In 2020, he…

A: Taxable Capital Gain is the profit from selling a capital asset subject to taxation. It's calculated…

Q: Emily Jacob is 45 years old and has saved nothing for retirement. Fortunately, she just inherited…

A: Retirement funds are investment options that allow an individual to save a certain portion of their…

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…