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erome is contemplating the purchase of 100 shares of a stock selling for 19 per...

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Basic Math

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erome is contemplating the purchase of 100 shares of a stock selling for 19 per share The stock pays no dividends The mistory of the stock indicates that it should grow at an annual rate of 13 per year Use annual compounding to determine mow much the 100 shares of stock will be worth in 7 years The 100 shares will be worth in 7 years Round to the nearest cent as needed

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