Question
You sell 500 shares of Coldwater Creek stock (CWTR). You purchased the stock at $2.98 per share and sold it at $0.88 per share. What
You sell 500 shares of Coldwater Creek stock (CWTR). You purchased the stock at $2.98 per share and sold it at $0.88 per share. What was the percent decrease in the stock? Round to the nearest whole percent.
Nancy plans to deposit $1,000 quarterly for 35 years at 8.25% interest, compounded monthly. How much will she have in the account in 35 years?
When you turn 21, you plan to start saving for your retirement. You want to have $2 million when you retire in 44 years. How much would you need to deposit monthly to have this much at 9.5% interest?
You sell 400 shares of AVG Technologies (AVG). You purchased the stock at $12.77 per share and sold it at $13.33 per share. How much profit did you make?
You want an annuity to pay you $60,000 per year for 25 years. If the annuity has an interest rate of 9.5% compounded monthly, how much must be in the annuity at the beginning of the 25 years?
Raymond contributes $2,500 per month in his retirement account. If his retirement account is earning 7.25% per year, compounded monthly, how much will he have in the account in 25 years?
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