What is the rate of return on this investment

Assignment Help Financial Management

Reference no: EM131298191

1. Rob purchased a rare car for $246,800 ten years ago. Today, that car has a market value of $815,000. What is the rate of appreciation on this car?

a. 11.47 percent

b. 12.69 percent

c. 14.19 percent

d. 8.91 percent

2. Charlie invested $7,200 in a stock last year. Currently, this investment is worth $8,788.38. What is the rate of return on this investment?

a. 22.19 percent

b. 20.24 percent

c. 21.56 percent

d. 22.06 percent

Reference no: EM131298191

Questions Cloud

Why do you think we don''t see more market solutions : Would it be even more efficient if the most popular spots such as Annapolis Rock had more highly priced access? Why do you think we don't see more market solutions to the tragedy of the commons?

Savings rather than withdrawing the funds : Six years ago, you convinced your son to deposit $1,300 in a savings account at the bank that will pay 5.25 percent interest. Currently, he is itching to spend that money. How much more money will he have if you can convince him to wait another year ..

What is the role of prices in a free market economy : According to von MLses, what four things are the means of achieving wealth? Why is money valuable? Mises' most remarkable argument for the free market came in his 1922 piece, "Socialism: an Economic and Sociological Analysis."

What trade barriers were in place during that decade : What are the main goods and services the United States traded internationally? What trade barriers were in place during that decade? What are two pros and two cons of the trade barriers used?

What is the rate of return on this investment : Rob purchased a rare car for $246,800 ten years ago. Today, that car has a market value of $815,000. What is the rate of appreciation on this car? Charlie invested $7,200 in a stock last year. Currently, this investment is worth $8,788.38. What is th..

Management may change in the future : Discuss how utilization management may change in the future. Consider the following questions in your response:

How old are you if the investment is now worth : Your grandmother invested $1,700 for you on the day you were born. This investment has earned an average of 13.2 percent annually. How old are you if the investment is now worth $15,642? You just inherited $8,600 which you are investing at 7 percent ..

Define the concepts of community : Define the concepts of community, community participation, intersectoral collaboration, and empowerment. Discuss the different approaches in community action.

Countries gain from trade by producing : Countries gain from trade by producing: the goods they produce at the highest opportunity cost. the goods they can produce at the lowest opportunity cost. where the production possibility curve has a slope of -1. all goods in equal amounts.

User Account

All Pages