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What is the annual average rate of return

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Question - Telsa Motors stock could have been purchased in $5.38 in 2012. Fast forward, 9 years later the stock is worth $736.24. What is the annual average rate of return of this stock over the period?

Billie Eilish wants to retire from her lucrative career 10 years from now. She is now looking at a different spending plan from her retirement 10 years from now. At retirement, she starts spending at the end of the period for $350,000 per year for 8 years. After that, she spends $250,000 for the next 31 years. How much she have to save now if earns 6.2% and all payments are at the end of the year?

Reference no: EM133051371

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