Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 04, 2024

Your relative deposited $275 in an account for you 33 years ago. Today, that account is worth $15,000. Assuming no deposits and withdrawals, find the

Your relative deposited $275 in an account for you 33 years ago. Today, that account is worth $15,000. Assuming no deposits and withdrawals, find the annual rate of return on this account. 15,35% 12.88% 10.51% O 8,69% O 14.31%

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

Financial Management Core Concepts

Authors: Raymond M Brooks

3rd edition

133866696, 978-0133866698

More Books

Students also viewed these Finance questions

Question

Look for opportunities to develop employees from diverse backgrounds and prepare them for positions of responsibility. Tell them about the options in their present careers, as well as other career...

Answered: 1 week ago

Question

★★★★★

On December 31, 2009, the Leslie Company held an investment in bonds of Kaufmann Company which it categorized as being held to maturity. At that time, the 8%, $100,000 face value bonds had a carrying...

Answered: 1 week ago

Question

★★★★★

Your relative deposited $275 in an account for you 33 years ago. Today, that account is worth $15,000. Assuming no deposits and withdrawals, find the annual rate of return on this account. 15,35%...

Answered: 1 week ago

Question

★★★★★

Which of the following is not one of de Marneffe's solutions to indepedent harms? Increased policing against drug dealers and traders. Offer incentives to less developed countries to grow other crops

Answered: 1 week ago

Question

★★★★★

please describe what is meant by a analytical concepts and statistical techniques or how can one be descriptive the following question Understanding of and experience using analytical concepts and...

Answered: 1 week ago

Question

★★★★★

Assume that unusually mild weather has caused a change in the quantity and timing of orders for golf carts. The revised plan calls for 100 golf carts at the start of week 6, 100 at the start of week...

Answered: 1 week ago

Question

★★★★★

20 pts. Find x(t) x" (t)+x(t)= F(t) 4 0t2 F(t)= (1+2 1>2 x(0) = 0, x'(0) = 0

Answered: 1 week ago

Question

★★★★★

Best 11_ratio : 0.3 Best alpha: 0.1 Try again for more precision with 11_ratio centered around 0.3 Best 11 ratio : 0.3 Best alpha 0.1 Now try again for more precision on alpha, with 11_ratio fixed at...

Answered: 1 week ago

Question

★★★★★

Summary of why to use lean operating systems using the text and 2-3 outside sources

Answered: 1 week ago

Previous Question Next Question