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Very Easy Finance Question. Please Answer both parts Question 5 (1 point) Listen An investment is now worth 15,450. You bought this investment 23 years
Very Easy Finance Question. Please Answer both parts
Question 5 (1 point) Listen An investment is now worth 15,450. You bought this investment 23 years ago for $3,400. What return did you earn in this investment? WRITE YOUR ANSWER IN DECIMAL FORM: i.e. 12.3% -> 0.123 Your Answer: Answer Question 7 (1 point) Listen > An investment promises to pay $1,000 for the next three years, an unknown amount in the fourth year and $1,700 in the fifth year. What should the value of the fourth year payment be if the investment is required to yield 10% and is selling for $8,000? Your Answers
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