What annual rate of return did rick earn

Assignment Help Finance Basics
Reference no: EM131751129

Rick deposited $2,900 into an account 11 years ago for an emergency fund. Today, that account is worth $4,280. What annual rate of return did Rick earn on this account assuming no other deposits and no withdrawals?

Reference no: EM131751129

Questions Cloud

What is the current stock price : The return on similar stocks is 9.9 percent. What is the current stock price?
How much is the total budgeted selling expenses for october : If the company has budgeted to sell S4000 widgets in October, how much is the total budgeted selling and administrative expenses for October
Same amount as your sister in 6 years : How much more must you deposit today in order to have the same amount as your sister in 6 years?
Explain the tax deferral concepts and the impact on business : Explain the tax deferral concepts and the impact on the business, the employee, and potential tax consequences on both
What annual rate of return did rick earn : What annual rate of return did Rick earn on this account assuming no other deposits and no withdrawals?
List all the things that went wrong on larrys first day : When addressing a group of employees, what are some of the physical indicators that tell you whether or not a group is no longer attentive?
Measuring the shine of a wood floor : Manufacturing and Product Development The Wood Flooring Manufacturers Association claims a new product restores a high-gloss finish to old wood floors.
What is the stock price : Stoneheart Group is expected to pay a dividend of $3.21 next year. The company's dividend growth rate is expected to be 3.7 percent indefinitely and investors
Explain the decision-making process management uses : Explain the decision-making process management uses to develop viable courses of action to a variety of management situations.

Reviews

Write a Review

Finance Basics Questions & Answers

  Accepting and rejecting the project

At what discount rate would you be indifferent between accepting the project and rejecting it?

  Receive a single payment of $10000

You'll receive a single payment of $10000 from a bank deposit in 5 years at an interest rate of 3.5 percent.  What does the $10000 payment represent?

  Effective annual percentage cost

If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its non-free trade credit? (Assume a 365-day year.)

  What is the wacc for coach inc

What is the WACC for Coach Inc.? Make sure that the analysis carefully explains the cost of each of the components of the capital structure.

  Which is a better measure of the investment

Calculate the 95% confidence intervals for the expected annual return of four different investments included in Tables 10.3 and 10.4 (the dates are inclusive, so the time period spans 83 years).

  Improves the application of investment rules

Net present value is just a tool and as with any tool, it can be dangerous in the wrong hands. In what way do the risk based present value improves the application of investment rules?

  What is the firms weighted average cost of capital

If Imaginary is subject to a 40 percent marginal tax rate, then what is the firm's weighted average cost of capital?

  He genesis operations management team was excited to

he genesis operations management team was excited to understand the various options for securing financing to fund the

  How many of apples have weights between 13 ounces and 15

There are 3600 apples in a shipment. The weight of the apples in this shipment is normally distributed. It is found that it a mean weight of 14 ounces with a standard deviation of 2.5 ounces. How many of apples have weights between 13 ounces and 15 o..

  What is the future value

What is the future value of $15,000 invested for 12 years at 13.1 percent compounded annually?

  What is the firm net working capital and debt ratio

Prepare a balance sheet and income statement for the Warner Company form the following list. a. What is the firm's net working capital and debt ratio?

  Aggressive approach to financing working capital

Which of the following would be consistent with a more aggressive approach to financing working capital?

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