Mathematics, 09.10.2019 05:30 kateferguson9852
Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo† suppose that $40,000 invested in microsoft at its ipo price had been worth $2,400,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)
Answers: 1
![FV=PV(1+r)^t\\2,400,000=40,000(1+r)^{13}\\60=(1+r)^{13}\\1+r=\sqrt[13]{60}\\ 1+r=1.3702\\r=0.3702](/tpl/images/0302/7437/478d3.png)
Another question on Mathematics
Mathematics, 21.06.2019 19:40
Ascatter plot with a trend line is shown below. which equation best represents the given data? y = x + 2 y = x + 5 y = 2x + 5
Answers: 1
Mathematics, 21.06.2019 20:30
Carley bought a jacket that was discounted 10% off the original price. the expression below represents the discounted price in dollars, based on x, the original price of the jacket.
Answers: 1
Mathematics, 21.06.2019 21:30
Three friends went on a road trip from phoenix, az, to san diego, ca. mark drove 50 percent of the distance. jason drove 1/8 of the distance. andy drove the remainder of the distance. 1. andy thinks he drove 1/4 of the distance from phoenix, az, to san diego, ca. is andy correct? 2. the distance from phoenix, az, to san diego, ca, is 360 miles. how many miles did each person drive? 3. solve the problem. what is the answer in total?
Answers: 3
You know the right answer?
Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo† suppose t...
Questions
Physics, 09.04.2020 05:00
Mathematics, 09.04.2020 05:00
Mathematics, 09.04.2020 05:00
Mathematics, 09.04.2020 05:00
