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1. Your parents spent $7,800 to buy 200 shares of stock in a new company 12 years ago. The stock has appreciated 14.6 percent per
1. Your parents spent $7,800 to buy 200 shares of stock in a new company 12 years ago. The stock has appreciated 14.6 percent per year on average. What is the current value of those 200 shares? A. $36,408.70 B. $40,023.03 C. $39,580.92 D. $37,449.92 E. $40,515.08
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