Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cloud Audit Toolkit For Financial Regulators

Authors: Asian Development Bank

1st Edition

9292692089, 978-9292692087

More Books

Students also viewed these Accounting questions

Question

1. What are the pros and cons of diversity for an organisation?

Answered: 1 week ago

Question

1. Explain the concept of diversity and equality in the workplace.

Answered: 1 week ago