Steven purchased 1000 shares of a certain stock for $25,700 (including commissions). He sold the shares 2 years later and received $33,400 after deducting commissions. Find the effective annual rate of return on his investment over the 2-year period. (Round your answer to two decimal places.)
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Steven purchased 1000 shares of a certain stock for $25,700 (including commissions). He sold the shares 2 years later and received $33,400 after deducting commissions. Find the effective annual rate of
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- Steven purchased 1000 shares of a certain stock for $25,900 (including commissions). He sold the shares 2 years later and received $33,100 after deducting commissions. Find the effective annual rate of return on his investment over the 2-year period. (Round your answer to two decimal places.)Brian invests $13,500, at 8% interest, compounded semiannually for 2 years. Manually calculate the compound amount (in $) for his investment. Suppose that you invest $5,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to calculate the compound interest (in $) on your investment. Use Table 11-1 to calculate the compound amount (in $) on an investment of $5,500 at 10% interest, compounded semiannually, for 16 years. (Round your answer to the nearest cent.) Maria invests $4,300, at 6% interest, compounded quarterly for one year. Use Table 11-1 to calculate the annual percentage yield (APY) for her investment (as a %). Note: "Annual percentage yield" is also known as "effective interest rate." (Round your answer to two decimal places.) As a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an account paying 7% compounded annually. How much will the account be worth (in $) when Bob is 18 years old? (Use Table…Morgan opened an RRSP account and deposited $2,800.00 into it. She then deposited $900.00 at the end of the 1st year and $575.00 at the end of the 2nd year, into the account. The RRSP was earning 2.20% compounded quarterly. What is the accumulated value of the investment at the end of 8 years Round to the nearest cent
- You bought a painting 5 years ago as an investment. You originally paid $168,000 for it. If you sold it for $342,000, what is your annual return on the investment? Assume annual compounding. (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%)Sara opens a brokerage account and purchases 400 shares of Tesla at $20 per share. She borrows $3,000 from her broker to help pay for the purchase. The interest rate on the loan is 8% per year. If the share price moves to $18 a year from now, what is her investment return? a) -5.2% b) -20.8% c) -10% d) 20.8%Taylor deposited $600 at the end of every three months into an investment for the past 5 years. The investment earns 3.25% compounded semiannually. How much is her investment worth today? Round to two places after the decimal. 1/Y P/Y c/Y N PV PMT FV Dave's investment is worth $ today.
- Ethan invested $2,200 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at a rate of 3.50% compounded semi-annually and for the next 3 years it earned interest at a rate of 6.40% compounded semi-annually. a. Calculate the accumulated value of his investment after the first 8 years. Round to the nearest cent b. Calculate the accumulated value of his investment at the end of 11 years. Round to the nearest cent c. Calculate the amount of interest earned from the investment.Carlos invested $1,800 at the beginning of every 6 months in an RRSP for 11 years. For the first 6 years it earned interest at a rate of 3.40% compounded semi-annually and for the next 5 years it earned interest at a rate of 5.50% compounded semi-annually. a. Calculate the accumulated value of his investment after the first 6 years. Round to the nearest cent b. Calculate the accumulated value of his investment at the end of 11 years. Round to the nearest cent c. Calculate the amount of interest earned from the investment. Round to the nearest centAn engineer invests $50,000 in bonds paying dividends of $1,000 per year for 10 years. At 10 years, the engineer sells the bonds for $70,000. Calculate the rate of return on investment using net future worth analysis.
- Darwin has a capital of $ 7100 which he invests for 3 years at 7.6 % p. a. a)How much will he receive come maturity time if the interest is compounded annually? Round to the nearest 100th. b)How much will he received come maturity time if the interest is compounded semi-annually? Round to the nearest 100th . c)How much will he receive come maturity time if the interest is compounded quarterly? Round to the nearest 100th . Then, George Green wishes to invest $ 8000 that he saved from his summer job. His bank offers 3.75 % for a one-year term investment or 3.5 % for a six-months term. a)How much will George receive (capital plus interest) after one year if he invests at the one-year rate? Round to the nearest one. b)How much will he receive (capital plus interest) after one-year if he invests for six months at a time at 3.5 % each time? This means George took the interest from the first investment transaction and included it in the principal for the second transaction. Round to…Anthony invested a sum of money 2 years ago in a savings account that has since paid interest at the rate of 2%/year compounded quarterly. His investment is now worth $25,789.88. How much did he originally invest? (Round your answer to the nearest cent.)uan invested $21,000 in a mutual fund 6 yr ago. Today his investment is worth $36,002. Find the effective annual rate of return on his investment over the 6-yr period. (Round your answer to two decimal places.)