future value = Present value*(1+r)^n
r = annualised interest rate
n = number of periods = 12
90,000 = 35,000*(1+r)^12
(1+r)^12 = 90,000 / 35000
r = (2.571429)^(1/12) - 1
Annualised return = 8.19
(please give thumbs up if its helpful.thank you)
I paid $35,000 for a vintage car exactly 12 years ago. Today I sold the car...
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)
You purchased a new sports car 38 years ago at a cost of $3,100. Today, you sold that car for $67,000. What annual rate of return did you earn on this vehicle?
Suppose you deposit $1,105.00 into an account 7.00 years from today. Exactly 14.00 years from today the account is worth $1,454.00. What was the account's interest rate? Submit Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places fox. 0.09243)
Pei's savings account balance is $12,000 today. Pei opened the account exactly 7 years ago with a $10,000 deposit. Pei has made no other deposits or withdrawals. What annual interest rate (compounded annually) has the account earned? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)
You paid cash for $1,200 worth of stock a year ago. Today the portfolio is worth $1,642. a. What rate of return did you earn on the investment? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Rate of return % b. Now suppose that you bought the same stock but bought it on margin. The initial margin requirement was 70%. Recalculate your rate of return, ignoring any interest due. (Negative value should...
You purchased a house 10 years ago at a cost of $285,000. Today, you sold that house for $500,000. What annual rate of return did you earn on this house?
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...
Rick deposited $3,000 into an account 12 years ago for an emergency fund. Today, that account is worth $4,460. What annual rate of return did Rick earn on this account assuming no other deposits and no withdrawals?
A 30 year bond that was issued exactly 12 years ago has a stated interest rate of 5.5%. Interest is paid twice per year. What is the price of the bond if the YTM is now 5.875%? Assume that you are the seller. Format your answer as currency, and show the cents. Show step by step in Excel
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)