Question
1.Suppose that 2 years ago you bought an old record player at a yard sale for $1. You saw today on E-bay that the same
1.Suppose that 2 years ago you bought an old record player at a yard sale for $1. You saw today on E-bay that the same record player is selling for $53. If you were to sell the record play at that price today, what would be the implied return percentage? (Convert to a percent. Round to 2 decimal places.
2.in 1998, the average price of a gallon of gas was $1.07. Today, the average price of a gallon of gas is $2.71. At what annual rate has a gallon of gas increased over the last 20 years? (Answer as a percent. Enter only numbers and decimals in your response. Round to 2 decimal places.)
3.An investment will pay you $4,903 in 4 years if you pay $1,729 today. What is the implied rate of return? (Convert to a decimale. Round to 2 decimal places.)
please answer all the questions. i will be very appropriate :)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started