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Shawn owns 10 bonds paying 6% interest per year. He plans to own the bonds for 20 years and each year he will reinvest the
Shawn owns 10 bonds paying 6% interest per year. He plans to own the bonds for 20 years and each year he will reinvest the $60 interest he earns into a mutual fund. ($60 x 10 bonds = $600 invested each year) If Shawn earns 10% per year on his $600 per year investment, how much money will he have in 20 years? Comparing the interest rate of a taxable corporate bond with the interest rate on a non-taxable municipal bond is tricky and requires the use of a formula. Explain what formula is used to help investors make a comparison of a taxable and a non-taxable bond investment. Specifically, what is the formula called? What does it help you figure out? (In your own words please) In January, 2019 the stock price for Amazon stock was $1,236 per share. By August, 2020 the price for one share hit $3,238. Calculate the percent change in stock price from January, 2019 to August, 2020
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