Question
Conversely, if you had invested $10,000 in NASDAQ (U.S. Stock index) back on March 10, 2000, how much money would you have today (the NASDAQ
Conversely, if you had invested $10,000 in NASDAQ (U.S. Stock index) back on March 10, 2000, how much money would you have today (the NASDAQ last peaked around 5,000 back around then. It took a dive thereafter)? As a back story, google "Dot Com Bubble" and see how the NASDAQ had gone up dramatically from 1995 (when it was at 1,000 and peaked at 5,000 just 5 years later.
Keep in mind that the stock market has returned on average about 10% per year. (Though every year can be different - we're talking about averages here).
- Go to Yahoo Finance to see NASDAQ Historical Data
- Set dates from March 1, 2000 - April 1, 2000 and click the apply button. Select the index close price from March 10, 2000.
- Look up the current price of NASDAQ.
Using the March 10, 2000 and today's price, calculate your annualized return (round to the nearest year). It would look like this if you don't have a financial calculator ((End Value/Beginning Value)^(1/Number of years)) - 1 = Annualized return. Use your Xykey on your calculator.
On your financial calculator: Use the March 10, 2000 date as PV (enter as a negative number) and the current price as FV. There is no PMT. N = Number of years. P/Y = 1. Calculate I/Y to get your annual return.
The March 10, 2000 adjusted close was. 4,572.83
On March 31, 2020, adjusted close was7,739.77
What is the NPER and Rate?
I am confused on how to find the NPER and Rate
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