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Question 10 A firm's dividends have grown over the last several years. 8 years ago the firm paid a dividend of $2. Yesterday it paid
Question 10 A firm's dividends have grown over the last several years. 8 years ago the firm paid a dividend of $2. Yesterday it paid a dividend of $4. What was the average annual growth rate of dividends for this firm? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
Question 11 If you invest $8,829 today at an interest rate of 7.53 percent, compounded daily, how much money will you have in your savings account in 22 years? Round the answer to two decimal places.
Question 12 To what amount will the following investment accumulate? $19,190, invested today for 14 years at 11.90 percent, compounded monthly. Round the answer to two decimal places.
Question 13 You placed $713 in a savings account today that earns an annual interest rate of 14.99 percent, compounded semiannually. How much will you have in this account at the end of 31 years? Assume that all interest received at the end of the period is reinvested the next period. Round the answer to two decimal places.
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