What annual rate of return did bruce earn on the investment

Assignment Help Financial Accounting
Reference no: EM133010307

Problem 1: Twelve (12) years ago Bruce invested $1,850. Today, the investment is worth $4,700. If interest is compounded annually, what annual rate of return did Bruce earn on his investment?

Reference no: EM133010307

Questions Cloud

How much is each investment worth today : How much is each investment worth today? Staci invested $1,200 three (3) years ago. Her investment paid 10.8 percent interest compounded monthly.
What is the variable overhead cost per unit : Last year, Gupta produced 70,000 speakers. Actual overhead costs for the year were as expected. What is the variable overhead cost per unit
How much will have in the account in seven years : If Kym's opportunity cost is 6 percent compounded monthly, how much will she have in the account in seven years? Do not round intermediate calculations
How will the dividend be divided : Assume that the board of directors declares a $40,000 cash dividend at the end of Year 2. How will the dividend be divided
What annual rate of return did bruce earn on the investment : Today, the investment is worth $4,700. If interest is compounded annually, what annual rate of return did Bruce earn on his investment?
How much will nona owe on the loan after makes payments : Nona purchased a new car earlier today for $37,000. How much will Nona owe on the loan after she makes payments for 2 years (i.e., after 24 payments)?
Determine the variable costing operating income : Zhender Inc. manufactures hair brushes that sell at wholesale for $2.50 per unit. Determine the Variable costing operating income
Identify warning signs of a pending liquidity crisis : Identify warning signs of a pending liquidity crisis. Three common ratios that can be used to measure a bank's liquidity coverage include quick ratio
How much will be in your account after ten years : You plan to make a total of 5 deposits of $150 each, one every 6 months, with the first payment being made today. How much will be in your account

Reviews

Write a Review

Financial Accounting Questions & Answers

  Club is a merchandising entity

Sam’s Club is a merchandising entity; on October 1st, they purchased goods from a company for $22,000 with terms of freight on board (FOB) shipping point, 3/10, n/EOM, Sam’s Club paid 30% of the amount due on October 5th, another 30% on October 9th, ..

  Receive as final cash distribution from the liquidation

The balance sheet of Marilyn and Monroe was as follows immediately prior to the partnership's being liquidated: cash, $22,286 other assets, $122,674 liabilities, $14,646 Marilyn capital, $58,416 Monroe capital, $71,898. The other assets were sold for..

  How do the statement cash flow from investing activities

How can you do the statement cash flow from investing activities? 200 (office supplies), 25,000 (cash), 100 (accounts payable)

  What is the selling price of the bond for hank company

$5 million of 10-year bonds at a 10% coupon rate to be paid semi-annually. What is the selling price of the bond if the market rate of interest was 12%?

  How compute for the total cost of the building

P3,000,000, with interest of 10% per annum, Compute for the total cost of the building assuming it was finished on August 31, 2017.

  What is the total relevant cost of component ws

What is the total relevant cost of Component WS 210 for the purposes of the contract? tender? Solutions Ltd is tendering for a? contract.

  Find what is the p-value of the test

100 individuals had a sample mean of $331 and a sample standard deviation of $78. What is the p-value of this test? What is your conclusion?

  Identify one bias that impacts decision making process

Do you suffer from the "overconfidence" syndrome? If so, under what circumstances? Identify at least one bias that impacts your decision making process.

  Assume you are interviewing for a part-time accounting job

assume you are interviewing for a part-time accounting job at spilker amp associates inc. and the interviewer gives you

  Which of the statements reflect one of the fundamental theme

Which of the statements reflect one of the fundamental themes underlying the design of cost systems for managerial purposes?

  Find what is the average inventory held during the year

What is the average inventory held during the year including safety stock if the store insists on a 6 days safety stock (assume 365 days a year)?

  What will be the balance in account when goes to withdraw

Beginning one year from today for the next twenty years. What will be the balance in her account when she goes to withdraw in twenty years.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd