Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 07, 2024

Your portfolio earned 10% over the last year and 12% per year over the last two years (i.e. geometric average). You invested 1000$ per year

Your portfolio earned 10% over the last year and 12% per year over the last two years (i.e. geometric average). You invested 1000$ per year at the beginning of each of the last two years.

a) how much would you have today from your investments?

b)what is your average return?

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

Personal Finance Guides And Advice

Authors: Riley E. Cole

1st Edition

B0C6VWKH57, 979-8396903944

More Books

Students also viewed these Finance questions

Question

★★★★★

point of diminishing returns. A baseball cap manufacturer is planning to expand its workforce. It estimates that the number of baseball caps produced by hiring x new workers is given by T(x)=-0.25x4...

Answered: 1 week ago

Question

★★★★★

You are considering an investment in the stock market and have identified two potential stocks (XYZ and ABC) to purchase. The historical returns for the past five years are shown in the table below....

Answered: 1 week ago

Question

★★★★★

=+b. The complete loss of a housing subsidy when yearly income rises above $25,000

Answered: 1 week ago

Question

★★★★★

Determining Merchandise Amounts?Periodic Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2009 2010 2011 $290.000...

Answered: 1 week ago

Question

★★★★★

Your portfolio earned 10% over the last year and 12% per year over the last two years (i.e. geometric average). You invested 1000$ per year at the beginning of each of the last two years. a) how much...

Answered: 1 week ago

Question

★★★★★

Albert is a partner with a one - third interest in a partnership. The partnership reported the following balance sheet information on December 3 1 , Year 2 : Cash $ 2 5 , 0 0 0 Capital, Albert 8 , 0...

Answered: 1 week ago

Question

★★★★★

The following are the information for Chun Equipment Co. for 2018. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) Salaries expense...

Answered: 1 week ago

Question

★★★★★

Excel Online Structured Activity: Statement of cash flows You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's...

Answered: 1 week ago

Question

★★★★★

On January 1 , 2 0 2 0 , Innovus, Inc., acquired 1 0 0 percent of the common stock of ChipTech Company for $ 6 7 0 , 0 0 0 in cash and other fairvalue consideration. ChipTech's fair value was...

Answered: 1 week ago

Question

★★★★★

Great West States (GWS) is a railroad company operating in the Western United States. Juanita Salazar is the risk manager of GWS. At the direction of the company's chief executive officer, she is...

Answered: 1 week ago

Question

★★★★★

The granite sample has a mass of 24.31 g and a volume of 9.35 cm3. What is the density of the granite? d = [ ? ] g/cm density (g/mL)

Answered: 1 week ago

Previous Question Next Question