What is the potential capital gain on the stock investment

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Reference no: EM131610111

a) George invests $10,000 a year in stock He has been investing this amount for the last ten years. Since 2003 every year the stock has increased 5% compounded annually. How much is his stock investment worth on December 31, 2015?

b) Given the information above, what is the potential capital gain on the stock investment? If he sold the stock for what it was worth on December 31, 2015, how much tax would he have to pay (assume 20 marginal tax rate)?

Reference no: EM131610111

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