Calculate real compound annual rate of return on investment

Reference no: EM13207342

Michael Illitch bought the Detroit Tigers in 1992 for $82 million, which amounted to $114.15 million in 2005 dollars. by 2005, the Tigers were worth $292 million. Calculate the real compound annual rate of return on that investment.

Anonymous - 54 minutes later investment in 1992 =82 million which is equal to 114.15 million in 2005 by 2005 the tigers worth =292 million so the increment =292-114.5=177.5 million time elapsed =13 years so the compound real rate = 7.5% Rate ProudCoffee1730 , how the compound real rate is 7.5%.

Reference no: EM13207342

Questions Cloud

Depict a logarithmic concentration diagram : Draw a logarithmic concentration diagram showing the relationship between [CO2] and [Ch4] as a function of pE for pH=7 and [CO2] +

State the side reaction of acetic anhydride : Write out the reaction mechanism for the side reaction of acetic anhydride with 85% phosphoric acid to make two

What is the price elasticity of demand for gasoline : What is your price elasticity of demand for gasoline and why How important is fuel efficiency to you (particularly if you have purchased a car in the past three or four years) Do your driving habits change as the price of gasoline changes

Explain saturated calomel electrode : If the silver -silver chloride electrode is replaced with a saturated calomel electrode, what is the new cell voltage?

Calculate real compound annual rate of return on investment : Michael Illitch bought the Detroit Tigers in 1992 for $82 million, which amounted to $114.15 million in 2005 dollars. by 2005, the Tigers were worth $292 million. Calculate the real compound annual rate of return on that investment.

Explain what particle or type of radiation needs : what particle or type of radiation needs to be included to balance the equation? 234Th ? ? + beta particle? Please explain why you chose your particular answer

The reaction mechanism for conversion of acetylferrocene : Write out the reaction mechanism for conversion of acetylferrocene to diacetylferrocene using acetic anhydride and 85% phosphoric acid.

Are educational achievement nd employment status independent : the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working age U.S. population for 2008. Joint Distribution of Employment Status and College Gradua..

Compute the change in ph of original buffer solution : Calculate the change in pH when 6.00 mL of 0.100 M NaOH(aq) is added to the original buffer solution.

User Account

All Pages