Question
5. Over a 20year period, an investment of $1,000 in common stocks returned an average of 11% in nominal terms and 7% in real terms.
5. Over a 20year period, an investment of $1,000 in common stocks returned an average of 11% in nominal terms and 7% in real terms. At the end of the 20 years, the portfolio value was: [Excel Formula = FV] A. $1,800 in real terms. B. $3,679.19 in real terms. C. $7,870.59 in nominal terms. D. $8,062.31 in nominal terms.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
