FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

35 years ago your parents invested $23,000 in an investment account. There is now $51,000 in the account. What was your parents' effective annual rate

35 years ago your parents invested $23,000 in an investment account. There is now $51,000 in the account. What was your parents' effective annual rate of return? Your answer should be shown as a percentage and it should be accurate to two decimal places.

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

Step: 3

blur-text-image

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

Restructuring And Innovation In Banking

Restructuring And Innovation In Banking

Authors: Claudio Scardovi

1st Edition

331940203X, 978-3319402031

More Books

Students also viewed these Finance questions

Question

★★★★★
Repeat Prob. 5170 for a water bath temperature of 50C.

Answered: 1 week ago

Question

★★★★★
For the following exercises, use the definition of derivative to calculate the derivative of each function. f(x) = 2x + 1 lim h0 f(x+h)-f(x) h

Answered: 1 week ago

Question

★★★★★
6.3. Describe several evidenced-based treatments for ASD and differentiate these treatments from interventions that lack empirical support.

Answered: 1 week ago

Question

★★★★★
Vines and Daughter manufactures and sells swimsuits for $40 each. The estimated income statement for the current year is as follows: Sales ........$2,000,000 Variable costs ... 1,100,000 Contribution...

Answered: 1 week ago

Question

★★★★★
Philip Antopov has a health insurance plan that pays 80% of out-of-hospital expenses after a $1,000 deductible. Last year, Philips total medical expenses were $2,200. What amount did the insurance...

Answered: 1 week ago

Question

★★★★★
Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash rows (FCF) during the next 3 years after which FCF is expected to grow at constant 6%...

Answered: 1 week ago

Question

★★★★★
The system shown starts from rest. The length of the upper cord is adjusted so that A, B, C are initially at the same level. Each component moves with constant acceleration. After 2 seconds, block C...

Answered: 1 week ago

Question

★★★★★
Why did very few French settlers move to New France in the seventeenth century? Oa. France made extensive use of indigenous labor and did not need many settlers. O b. The treaty of Nantes prevented...

Answered: 1 week ago

Question

★★★★★
Which factor contributes to the obsolescence of traditional quality management approaches in today's globalized marketplace? Question 36 Answer a. Failure to adapt to changing regulations b....

Answered: 1 week ago

Question

★★★★★
25. A vector 20 inches in length forms angles of 58 and 22 with two component vectors. Find the magnitudes of the two vectors. The magnitude of one vector = ? A. 17.2 inches B. 23.2 inches C. 12.5...

Answered: 1 week ago

Question

★★★★★
Kathryn is conducting a needs analysis to determine what financial losses organization ABC faces as a result of certain changes in governmental policies. Kathryn is most likely: A leader in the...

Answered: 1 week ago

Question

★★★★★
How are the employees at the California Health Foundation involved in ensuring an adequate response to an emergency?

Answered: 1 week ago

Question

★★★★★
Appendix A, PHR and SPHR Knowledge Base, at the end of this book (pages 580588) lists the knowledge someone studying for the HRCI certification exam needs to have in each area of human resource...

Answered: 1 week ago

Question

★★★★★
Discuss how taking this approach might save the employer money (as well as protecting the one doing the firing.)

Answered: 1 week ago

Previous Question Next Question