finance question
I paid $21,000 for a vintage car exactly 9 years ago. Today I sold the car for $87,000.
What effective annualised interest rate did I earn? (as a percentage to the closest two decimal places; do not show the % sign. E.g 2.876% is 2.88)
Homework Answers
I paid $35,000 for a vintage car exactly 12 years ago. Today I sold the car...
I paid $35,000 for a vintage car exactly 12 years ago. Today I sold the car for $90,000. What effective annualised interest rate did I earn? (as a percentage to the closest two decimal places; do not show the % sign. Eg 2.876% is 2.88) Answer:
need 22,23,&24 please Question 22 1 pts 9 years ago you deposited 1,861 into an account....
need 22,23,&24 please
Question 22 1 pts 9 years ago you deposited 1,861 into an account. Today that account has a balance of 15,771. If the account offers quarterly compounding, what rate of return did you earn? (enter your response as a percentage with 2 decimal places.ex: 12.34 instead of 0.1234) Question 23 1 pts 12th National bank offers an account paying 11.5% interest compounded 7 times per year. What is the effective interest rate paid by this account? (Enter...
You invested $7,000 in a savings deposit 5 quarters ago and it has grown to $7993...
You invested $7,000 in a savings deposit 5 quarters ago and it has grown to $7993 today. What nominal rate of annual interest (compounding quarterly) did you earn? (expressed as a percentage to two decimal places; don’t use the % sign)
John purchased 100 shares of Soft Drink Co. stock at a price of $71.81 three months...
John purchased 100 shares of Soft Drink Co. stock at a price of $71.81 three months ago. He sold all stocks today for $70.80. During that period the stock paid dividends of $2.85 per share. What is John's effective annual rate? Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)
Mary purchased 100 shares of Sweet Pea Co. stock at a price of $47.84 six months...
Mary purchased 100 shares of Sweet Pea Co. stock at a price of $47.84 six months ago. She sold all stocks today for $43.66. During that period the stock paid dividends of $1.21 per share. What is Mary’s effective annual rate? Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your Answer:
can you help me with these problems i have been trying many time , but no...
can you help me with these problems i have been trying many time , but no luck and I don't know what step that I miss can you show the steps please Thanks 1. 3 year(s) ago, Goran invested 32,251 dollars. He has earned and will earn 8.54 percent per year in compound interest. If Sarah invests 49,680 dollars in 3 year(s) from today and earns simple interest, then how much simple interest per year must Sarah earn to have...
You bought a six-year bond issued by Pharoah Corp. four years ago. At that time, you...
You bought a six-year bond issued by Pharoah Corp. four years ago. At that time, you paid $980.33 for the bond. The bond pays a coupon rate of 7.825 percent, and coupon payments are made semiannually. Currently, the bond is priced at $1,026.56, What yield can you expect to earn on this bond if you sell it today? (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual yield %
Sample Test Problem 8.03 Wildhorse, Inc., has bonds outstanding that will mature in 8 years. The...
Sample Test Problem 8.03 Wildhorse, Inc., has bonds outstanding that will mature in 8 years. The bonds have a face value of $1,000. These bonds pay interest semiannually and have a coupon rate of 4.6 percent. If the bonds are currently selling at $891.92, what is the yield to maturity that an investor who buys them today can expect to earn? (Round answer to 3 decimal place, e.g. 5.275%.) Yield to maturity What is the effective annual yield? (Round answer...
You purchased 250 shares of General Motors stock at a price of $89.79 two years ago....
You purchased 250 shares of General Motors stock at a price of $89.79 two years ago. You sold all stocks today for $87.95. During this period the stock paid dividends of $5.15 per share. What is your annualized holding period return (annual percentage rate)? Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your Answer:
Suppose you have $22,000 today. You would like to be able to buy a car that...
Suppose you have $22,000 today. You would like to be able to buy a car that will cost $43,300 in 10 years. What annually compounded interest rate would you need to earn in order to be able to buy the car? Enter your answer as a percentage rounded 2 decimal places. Do not enter the % sign. Enter your answer below. Number Find the value of the following: [ (1.1)9–1] 0.1 1,220 Enter your response below, rounded to two decimal...
I paid $35,000 for a vintage car exactly 12 years ago. Today I sold the car for $90,000. What effective annualised interest rate did I earn? (as a percentage to the closest two decimal places; do not show the % sign. Eg 2.876% is 2.88) Answer:
need 22,23,&24 please
Question 22 1 pts 9 years ago you deposited 1,861 into an account. Today that account has a balance of 15,771. If the account offers quarterly compounding, what rate of return did you earn? (enter your response as a percentage with 2 decimal places.ex: 12.34 instead of 0.1234) Question 23 1 pts 12th National bank offers an account paying 11.5% interest compounded 7 times per year. What is the effective interest rate paid by this account? (Enter...
John purchased 100 shares of Soft Drink Co. stock at a price of $71.81 three months ago. He sold all stocks today for $70.80. During that period the stock paid dividends of $2.85 per share. What is John's effective annual rate? Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)
You bought a six-year bond issued by Pharoah Corp. four years ago. At that time, you paid $980.33 for the bond. The bond pays a coupon rate of 7.825 percent, and coupon payments are made semiannually. Currently, the bond is priced at $1,026.56, What yield can you expect to earn on this bond if you sell it today? (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual yield %
Sample Test Problem 8.03 Wildhorse, Inc., has bonds outstanding that will mature in 8 years. The bonds have a face value of $1,000. These bonds pay interest semiannually and have a coupon rate of 4.6 percent. If the bonds are currently selling at $891.92, what is the yield to maturity that an investor who buys them today can expect to earn? (Round answer to 3 decimal place, e.g. 5.275%.) Yield to maturity What is the effective annual yield? (Round answer...
Suppose you have $22,000 today. You would like to be able to buy a car that will cost $43,300 in 10 years. What annually compounded interest rate would you need to earn in order to be able to buy the car? Enter your answer as a percentage rounded 2 decimal places. Do not enter the % sign. Enter your answer below. Number Find the value of the following: [ (1.1)9–1] 0.1 1,220 Enter your response below, rounded to two decimal...
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