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#8. (8 points) A U.S citizen invested a $1200 government stimulus check they recieved on March 1, 2020, into stock that grew with an annual
#8. (8 points) A U.S citizen invested a $1200 government stimulus check they recieved on March 1, 2020, into stock that grew with an annual percentage rate of 16.8%, compounded continuously. How much are these stocks worth 9 months later on December 1, 2020? Round to two decimal place accuracy. (Hint: 9 months=0.75 years)
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Accounting What the Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
12th edition
978-1260565492
