Shares bought on 1 January 2014 for 4,000 were sold on 31 December 2019 for 7,900. What

Question:

Shares bought on 1 January 2014 for £4,000 were sold on 31 December 2019 for £7,900. What was the rate of annual compound interest on the investment?

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

Step by Step Answer:

Related Book For book-img-for-question

Frank Woods Business Accounting Volume 2

ISBN: 9781292085050

13th Edition

Authors: Frank Wood, Alan Sangster

See More Books

Question Posted: Sep 10, 2023 12:27 AM

See More Questions

Shares bought on 1 January 20X4 for 2,500 were sold on 31 December 20X8 for 4,400. What was the rate of annual compound interest on the investment?
Perform decompositions of the relations, such that the entire database is in 3 NF or BCNF. You need to analyze each relation, draw its dependency diagram, and describe which normal form it satisfies....
Entity A sells computer accessories in Hong Kong for many years. For delivery purpose, a motor van is owned by Entity A. It was bought on 1 January 2016 with an economic life of 8 years and a...
In an organization that has high employee satisfaction, ______. Multiple choice question. customer interactions are forced and scarce employee turnover is high more positive interactions take place...
What are the responsibilities of the franchisee under Subway's franchise agreement? What does the company promise?
Is continued operation of the business just too risky given the new competition across the street in the form of a new DSL business by the phone company and the new multichannel video company in the...
Describe how the convergence of the real and digital worlds affects the future of social media.
Olthof Company purchased 15,000 pounds of raw materials at $3.00 per pound. The companys standard cost per pound is $2.50. Calculate the materials price variance for this purchase.
Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $124,070. The seller agreed to allow a 5.25 percent discount because Southwest Milling paid...
Create a Windows Forms application. Use the following names for the project and solution, respectively: States Capitals Project and States Capitals Solution. Save the application in the VB2017\Chap04...
Should you accept an offer of 60,000 for your rights over the next 15 years to the 4,800 annual rent from shop premises you own and have leased to a local company? You could invest the 60,000 at 5%...
If the interest on the investment in Question 27.6 had been compounded every six months, how much interest would have been earned over the four years? Data From Question 27.6 If 8,000 is invested for...
Analysis of a sample of polyacrylonitrile (see Table 16-3) shows that there are six lengths of chains, with the number of chains of each length shown in the table below. Determine (a) The weight...
What could a team leader do to determine whether individuals or teams require extra support?
Write a MATLAB script to visualize a parametric surface representing a torus ( doughnut shape ) ?in 3 D space. The parametric equations for a torus with major radius R and minor radius r are given...
Read the synopsis just above or next to the video clip, then view the clip in its entirety. here is the link https://broadwayeconomics.com/gaston/ https://broadwayeconomics.com/gaston/. (In some...
On your 23rd birthday you decide to invest $4,500 (10% of your annual salary) in a mutual fund earning 7% per year. You will continue to make annual deposits equal to 10% of your annual salary until...
The graph of a function f is given. Sketch the graphs of the following transformations of f. y 5 -4 -2 2 4 6 5 00 8 10 10 x
Is the crime rate in New York different from the crime rate in New Jersey? Independent random samples from region A (cities in New York) and region B (cities in New Jersey) gave the following...
The registrar of a college with a population of N = 4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus. The following...
Why do you think you are not allowed to calculate goodwill at each stage of acquisition?
You are presented with the following summarised information relating to Block plc for the year to 30 September 20X8: Additional information: 1. Block purchased 80 per cent of the share capital of...
You are to draw up a consolidated balance sheet as at 31 December 20X5 from the following: At the balance sheet date, Son 1 owed Pa and Mum 2,500 and Son 2 1,100, and Pa and Mum owed Son 2 2,100. Pa...
Provide a graph chart or data with sample numbers indicating Valuing Stocks and Bonds?
I just need help with part b. It says that the answer is not complete and some are wrong. So can you kindly fix it for me and give me the full answers as it says the answer is "not complete". Thank...
What is Coke's average ownership percentage in its equity method investments? Goodwill is 7000 Calculate the firm's current ratio (current assets/current liabilities). Calculate the current ratio...

Shares bought on 1 January 2014 for 4,000 were sold on 31 December 2019 for 7,900. What

Question:

Step by Step Answer:

To calculate the rate of annual compound interest on this investment ...View the full answer

Frank Woods Business Accounting Volume 2

Students also viewed these Business questions