Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 25, 2024

You bought an investment for $1000 and 7 years later sold that investment for $1400. Taking into account compounding, what was your average annual return

You bought an investment for $1000 and 7 years later sold that investment for $1400. Taking into account compounding, what was your average annual return during the investment? Round your answer to the nearest tenth of a percent and use decimals - in other words, if the answer is 7.3%, type .073.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Finance Applications And Theory

Authors: Marcia Cornett, Troy Adair, John Nofsinger

6th Edition

1264101589, 9781264101580

More Books

Students also viewed these Finance questions

Question

★★★★★

The Mcquire Company is considering acquiring 100% of the Sosa Company. The management of Mcquire fears that the acquisition price may be too high. Condensed financial statements for Sosa Company for...

Answered: 1 week ago

Question

★★★★★

=+a) What is the name for the kind of variable called Jan in this model?

Answered: 1 week ago

Question

★★★★★

Kersten Company makes and sells a toy plane. Kersten incurred the following costs in its most recent fiscal year: Cost Items Reported on Income Statement Shipping and handling costs ($0.75 per unit)...

Answered: 1 week ago

Question

★★★★★

True or False For all positive f(n),g(n) and h(n), if f(n)=O(g(n)) and f(n)=(h(n)), then g(n)+h(n)=(f(n))

Answered: 1 week ago

Question

★★★★★

Is value of equity the sum of discounted future cash flows to equity? And when computing the ROE and ROC should I use market value of the equity or book value of equity? Can someone give me answers...

Answered: 1 week ago

Question

★★★★★

As a member of the design team, I worked on a project to modify electrical switches. The Design Team consists of three members, namely a Coordinator, a Designer, and a Design Analyst. It was my...

Answered: 1 week ago

Question

★★★★★

When designing the distribution channel, one of the decisions we must make is deciding the type of distribution channel to use: direct, some variant of an indirect channel, multichannel, omnichannel....

Answered: 1 week ago

Question

★★★★★

An electronics company purchases a particular component from two sources: "Supplier A" and "Supplier B". The following statistics were gathered by testing a large number of the components to see if...

Answered: 1 week ago

Question

★★★★★

Need full calculation with diagrams solution full accurate clean handwriting. GENERAL DIRECTIONS: Solve the given problems below. Writeyour answer on the space provided and box your final answer. Use...

Answered: 1 week ago

Question

★★★★★

2. An acclaimed restaurant, Fleur De Lys is interested in knowing if their diners spend more on weekends than weekdays. To determine this, random samples of 36 weekend diners and 36 weekday diners...

Answered: 1 week ago

Question

★★★★★

5.39 Given a random sample size of n = 900 from a binomial probability distribution with P = 0.50 do the following: a. Find the probability that the number of successes is greater than 500. b. Find...

Answered: 1 week ago

Question

★★★★★

5.32 I am considering two alternative investments. In both cases I am unsure about the percentage return but believe that my uncertainty can be represented by normal distributions with the means and...

Answered: 1 week ago

Question

★★★★★

5.29 A new television series is to be shown. A broadcasting executive feels that his uncertainty about the rating that the show will receive in its first month can be represented by a normal...

Answered: 1 week ago

Previous Question Next Question