Rixie deposits ($ 23,000) in the stock of DEF company. She assumes the stock value to grow

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Rixie deposits $\$ 23,000$ in the stock of DEF company. She assumes the stock value to grow though stock price increase and reinvestment of dividends by $13.8 \%$ compounded annually. How much will her stock be worth in 12 years?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 30, 2024 09:05 AM

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Rixie deposits ($ 23,000) in the stock of DEF company. She assumes the stock value to grow

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Contemporary Mathematics

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