Question
Do problem 5-12 (a) on Textbook p.236, 5-51 on p. 246, and 5-59 (a) on p.249 Below are summary of the problems. Problem 5-12 (a).
Do problem 5-12 (a) on Textbook p.236, 5-51 on p. 246, and 5-59 (a) on p.249 Below are summary of the problems. Problem 5-12 (a). How much money would you have to invest today to accumulate $6,000 after 6 years if the rate of return on your investment is 12% annually?
Problem 5-51. You bought Amazon stock at $134 on January 1, 2010; and you sold the stock at $754 seven years later on January 1, 2017. Calculate the compounded annual growth rate in Amazon stock price.
Problem 5-59 (a) If you earn 10% interest rate on your deposit, how long will it take for you to double your money?
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