Question
investments in the stock market have increased at an average compound rate of about 5% per year since 1900. Assume that cash flows occur at
investments in the stock market have increased at an average compound rate of about 5% per year since 1900. Assume that cash flows occur at the end of each year.
a. If you invested $1,000 in the stock market in 1900, how much would that investment be worth in 2011?
Round your answer to the nearest cent.)
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
