Question

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 Saul.

D) Trek has earned an average annual interest rate of 9.86 percent.

E) Saul has earned an average annual interest rate of 12.64 percent.

Answer #1

ANSWER IN THE IMAGE. FEEL FREE TO ASK ANY DOUBTS. THUMBS UP PLEASE.

Answer is: B) One year ago, Saul's investment was worth less than Trek's investment.

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?

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?

1a) Lucy invested $950 five years ago. Her investment paid 7.2%
interest compounded monthly. Lucy's twin sister Laurie invested
$900 at the same time. But Laurie's investment earned 8% interest
compounded quarterly. How much is each investment worth today?
1b) Carl is considering the purchase of an investment that will
pay him $12,500 in 12 years. If Carl wants to earn a return equal
to 7% per year (annual compounding), what is the minimum amount he
should be willing to...

An investment was worth $50 two years ago, $38, one year ago,
and is worth $34 today. The arithmetic average return over the past
two years is ____% per year.

2 year(s) ago, Sang invested 26,253 dollars. He has earned and
will earn 14.11 percent per year in compound interest. If Trang
invests 68,982 dollars in 1 year(s) from today and earns simple
interest, then how much simple interest per year must Trang earn to
have the same amount of money in 7 years from today as Sang will
have in 7 years from today? Answer as a rate in decimal format so
that 12.34% would be entered as .1234...

2 year(s) ago, Mary invested 32,663 dollars. She has earned and
will earn compound interest of 9.95 percent per year. In 1 year(s)
from today, Albert can make an investment and earn simple interest
of 4.91 percent per year. If Albert wants to have as much in 6
years from today as Mary will have in 6 years from today, then how
much should Albert invest in 1 year(s) from today?
1 year(s) ago, Goran invested 56,351 dollars. He has...

3 year(s) ago, Vivian invested 38,683 dollars. She has earned
and will earn compound interest of 11.87 percent per year. In 3
year(s) from today, Vince can make an investment and earn simple
interest of 13.17 percent per year. If Vince wants to have as much
in 7 years from today as Vivian will have in 7 years from today,
then how much should Vince invest in 3 year(s) from today?
2 year(s) ago, Liam invested 64,777 dollars. He has...

One year ago, you invested
$2,700.00. Today, it is worth $3,500.00. What rate of interest did
you earn?
rev: 08_19_2016_QC_CS-57596
A.3.38 percent
B.2.47 percent
C.4.38 percent
D.14.82 percent
E.29.63 percent

An investment of $5,610 made five years ago in a stock mutual
fund that earned an annual compound return of 6.8% during the
initial three years, followed by an annual compound return of 4%
over the most recent two years would be worth how much today? Note:
Please round your answer to the nearest dollar. For example, if the
calculated value of the investment today is 1,234.78 enter it as:
1235 or 1,235.

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?

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 11 minutes ago

asked 22 minutes ago

asked 31 minutes ago

asked 44 minutes ago

asked 44 minutes ago

asked 45 minutes ago

asked 45 minutes ago

asked 57 minutes ago

asked 57 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago