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The price of gold per oz is $1800 on Jan 1, 2021. Gold is expected to appreciate 5% each year compounded monthly. The expected value
The price of gold per oz is $1800 on Jan 1, 2021. Gold is expected to appreciate 5% each year compounded monthly. The expected value of gold per oz on Dec 31, 2030 should be closer to:
a. $2,964.62
b. $2,932.01
c. Less than $2930
d. More than $2966
e. We do not have enough data to compute the FV.
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