Question

An investor who was not as astute as he believed invested $275,000 into an account 10...

An investor who was not as astute as he believed invested $275,000 into an account 10 years ago. Today, that account is worth $212,400. What was the annual rate of return on this account?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Four years ago, Saul invested $500. Three years ago, Trek invested $600. Today, these two investments...
Four years ago, Saul invested $500. Three years ago, Trek invested $600. Today, these two investments are each worth $800. Assume each account continues to earn its respective rate of return. Which one of the following statements is correct concerning these investments? Please show your reasonings. A) Three years from today, Trek's investment will be worth more than Saul's. B) One year ago, Saul's investment was worth less than Trek's investment. C) Trek earns a higher rate of return than...
Fifty years ago, your grandfather invested $4,500. Today, that investment is worth $430,065.11. What is the...
Fifty years ago, your grandfather invested $4,500. Today, that investment is worth $430,065.11. What is the average annual rate of return he earned on this investment? 11.71 percent 9.95 percent 7.90 percent 10.40 percent 6.67 percent
Two years ago, Tim invested $13900. In four years from today. he expects to have $25100....
Two years ago, Tim invested $13900. In four years from today. he expects to have $25100. If Deshaun expects to earn the same annual return after four years from today as the annual rate implued from the past and expected alues given in the problem, then in how many years from today does he expect to have exactly $34700?
1.) Sarah invested $5,000 in an account she expects will earn 8% annually. Approximately how many...
1.) Sarah invested $5,000 in an account she expects will earn 8% annually. Approximately how many years will it take for the account to double in value? Question 10 options: 8 9 10 11 2.) Elena invested $5,000 thirty years ago. If she earned 8% annually, what is it worth today? Question 11 options: $17,000 $36,400 $50,313 $123,023 3.) Fred needs to accumulate $40,000 for his son’s first year college tuition in 10 years. How much does Fred need to...
1 year(s) ago, Mack invested 6,490 dollars. In 1 year(s) from today, he expects to have...
1 year(s) ago, Mack invested 6,490 dollars. In 1 year(s) from today, he expects to have 8,680 dollars. If Mack expects to earn the same annual return after 1 year(s) from today as the annual rate implied from the past and expected values given in the problem, then how much does Mack expect to have in 6 years from today? 3 year(s) ago, Carl had 248,400 dollars in his account. In 5 year(s), he expects to have 456,200 dollars. If...
Rick deposited $2,600 into an account 8 years ago for an emergency fund. Today, that account...
Rick deposited $2,600 into an account 8 years ago for an emergency fund. Today, that account is worth $4,025. What annual rate of return did Rick earn on this account assuming no other deposits and no withdrawals?
SHOW ALL WORK Ten years ago, Bruce invested $1,250. Today, the investment is worth $3,550. If...
SHOW ALL WORK Ten years ago, Bruce invested $1,250. Today, the investment is worth $3,550. If interest is compounded annually, what annual rate of return did Bruce earn on his investment?
Henry invested $7,500 exactly 2 years ago. In exactly 4 years from now, he expects his...
Henry invested $7,500 exactly 2 years ago. In exactly 4 years from now, he expects his investment to be worth $13,900. If he is correct, what would his compounded average annual growth rate be?
Eight Years ago, Larry invested 6000 into a mutual fund which Compounds continuously. Today, Larry's mutual...
Eight Years ago, Larry invested 6000 into a mutual fund which Compounds continuously. Today, Larry's mutual fund is worth 8500. What is the annual rate of return, stated as a percentage for Larry's investment? Show all work.
You are a U.S. investor who invested $440,000 in India five years ago. Assume that your...
You are a U.S. investor who invested $440,000 in India five years ago. Assume that your investment gained 8 percent per year. If the exchange rate moved from 70.5 rupees per dollar to 72.8 rupees per dollar over the five-year period, what was your total return on this investment? (Use Excel or BAII+ to answer this question. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)