Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. suppose that the value of an investment in the sto

Suppose that the value of an investment in the stock market has increased at an...

50.1K

Verified Solution

Question

Finance

image
Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1900. It is now 2019 a. If your great grandfather invested $1,000 in 1900, how much would that investment be worth today? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Investment b. If an investment in 1900 has grown to $1 million, how much was invested in 1900? (Enter your answer in dollars. Do not round Intermediate calculations. Round your answer to 2 decimal places.) Present value

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Solve the equation.0.1-0.02(x + 1) = -0.01(1-x)Select the correct choice below and, if necessary, fill...

Accounting
1.2K views

Review your Week 1 Learning Activities, especially theInvestopedia Resources on Behavioral Finance: Anchoring, MentalAccounting,...Review...

Statistics
1.2K views

The worldwide sales of cars from 1981-1990 are shown in the table below. Given: α =...

Statistics
1.2K views

The following are the ages of a group of tourists visiting The Library of Congress: 36, 38,...

Psychology
1.2K views

What genetic and environmental influences do you think produced your specific pattern of personality? How do...

Physics
1.2K views

Question 5 Three electric bulbs 40W 60W 100W are designed to work on a 220V...

Geometry
1.2K views

Can you explain by detail how to find modulo inverse by using euclidean algorithm Find...

Accounting
1.2K views

please explain. thanks. Boston Corporation uses a weighted average process...

Accounting
1.2K views

Question 1 of 1 -120 \table[[\table[[Bramble Company],[Comparative Balance Sheets],[December 31]]],[Assets,2022,2021],[Cash,$37,700,$20,000 ...

Accounting
1.2K views

Kent Co. manufactures a product that sells for $52.00. Fixed costs are $270,000 and variable...

Accounting
1.2K views

Which of the four perspectives of the balanced score card do each of the following...

Accounting
1.2K views

Larry is a commercial financial analyst but wants to become a commercial lender, so he...