Determine how many years did kerry own the antique

Assignment Help Financial Management

Reference no: EM131966223

Kerry Purchased an antique for $12,000. Today, he sold the antique for $69 975 49 Kerry estimated the average annual compound rate of return on the antique was 15%. Approximately how many years did Kerry own the antique?

Reference no: EM131966223

Questions Cloud

Share consumption of the output : How collective ownership and share consumption of the output form a ""Free Rider" problem?

What is the price of the bonds today : Assume investors are risk-neutral. If the bonds are nonsalable, what is the price of the bonds today?

The average consumer thinks that price gouging is unfair : Some even think it should be illegal. But most economists think it is an efficient response to the market. What do you think? Should price gouging be illegal?

Price elasticities of demand for products : Estimating your price elasticities of demand for products you routinely purchase. Describe your price elasticities for such products

Determine how many years did kerry own the antique : Today, he sold the antique for $69 975 49 Kerry estimated the average annual compound rate of return on the antique was 15%.

How did deregulation ultimately result in banking services : How did deregulation ultimately result in more banking services for consumers? ~ Why are banks called financial intermediaries?

Create a title that helps the reader enter the poem : Create a title that helps the reader enter the poem. Add an epigraph to your poem attributing the work of art that inspired it.

Economy under flexible exchange rates : Explain the relation between the interest rate and aggregate demand in an open economy under flexible exchange rates.

Determine the profit-loss to the writer of the call option : Determine the profit/loss to the WRITER of the call option if at the time of expiration the stock price is $63.

User Account

All Pages