FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You bought a painting 8 years ago as an investment. You originally paid $128,000 for it. If you sold it for $428,000, what is your

You bought a painting 8 years ago as an investment. You originally paid $128,000 for it. If you sold it for $428,000, what is your annual return on the investment? Assume annual compounding. (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Property Finance

Property Finance

Authors: David Isaac

2nd Edition

0333987144, 978-0333987148

More Books

Students also viewed these Finance questions

Question

★★★★★
Suppose x has a distribution with a mean of 8 and a standard deviation of 16. Random samples of size n = 64 are drawn. (d) Would it be unusual for a random sample of size 64 from the x distribution...

Answered: 1 week ago

Question

★★★★★
=+c) Find the standard deviation of the net income.

Answered: 1 week ago

Question

★★★★★
5. Let X be the number of packages being mailed by a randomly selected customer at a certain shipping facility. Suppose the distribution of X is as follows: x 1 2 3 4 p(x) .4 .3 .2 .1 a. Consider a...

Answered: 1 week ago

Question

★★★★★
Herman and Sons Law Offices opened on January 1, 2015. During the first year of business, the company had the following transactions: January 2: The owners invested $ 250,000 (the par value of the...

Answered: 1 week ago

Question

★★★★★
The following equation describes the conversion of a cash flow into a Present Worth series, P = 100(P/A,12%,10) + 120(P/A,12%,10)*(P/F,12%,10) + (5+25(A/G,12%,5))*(F/A,12%,5)*(P/F, 12%,20) 200 -...

Answered: 1 week ago

Question

★★★★★
red sun rising just paid a dividend on $1.95 per share. the company said that it will increase the dividend by 15 percent over the next two years, respectively. after that, the company is expected to...

Answered: 1 week ago

Question

★★★★★
The critical path assumes four facts. What are they? What is a useful scheduling tool to keep track of the critical path and increase the probability of on time completion?

Answered: 1 week ago

Question

★★★★★
Turner Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 660,000 ?units, requiring 3,300,000...

Answered: 1 week ago

Question

★★★★★
Record the following transactions in proper journal entry format on the General Journal form provided. Date Dec Transaction 1 James Spartan invested $20,000 in Spartan Repair Services. 10 5 6 220 25...

Answered: 1 week ago

Question

★★★★★
600 lb 20 0.5 ft 30 30 5 ft

Answered: 1 week ago

Question

★★★★★
Problem 1: The nonlinear model of the Skydiver is given by: dv dt = 9 m The exact solution of the expression is gm gc v(t) = tanh m where g = 9.81 m/s, c = 0.25 kg/s, t = 4s, and v = 36 m/s. Use the...

Answered: 1 week ago

Question

★★★★★
Prepare the text of a form message to be sent to the people you interviewed but will not hire.

Answered: 1 week ago

Question

★★★★★
Based on the job description you prepared, develop five traditional and five behavioral questions you can use as you conduct telephone interviews with candidates.

Answered: 1 week ago

Question

★★★★★
How would you turn into a positive the answer to the question, What do you consider your weaknesses? (Objective 3)

Answered: 1 week ago

Previous Question Next Question