In an effort to have enough money to finance his passion for top-level off-road racing, a mechanical
Question:
In an effort to have enough money to finance his passion for top-level off-road racing, a mechanical engineering graduate decided to sell some of his “toys." At time t = 0, he sold his chopper motorcycle for $18,000. Six months later, he sold his Baja pre-runner SUV for $26,000. At the end of year 1, he got $42,000 for his pro-light race truck. If he invested all of the money in a high-risk commodity hedge fund that earned 24% per year, compounded semiannually, how much did he have in the account at the end of 2 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: