What was the percentage decline

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Reference no: EM132069140

1. The NASDAQ stock market bubble peaked at 4,816 in 2000. Two and a half years later it had fallen to 1,000. What was the percentage decline? (Negative answer should be indicated with a minus sign. Round your answer to 2 decimal places.)

2. Your machine operator is becoming more productive, and generates additional profit each year. You expect to receive $25,000 in profit at the end of this year, but this will increase 6% a year for the next 15 years. If you have a 13% annual interest rate on your investments (compounded annually), what is the Present Value of the profits over the next 15 years?

Reference no: EM132069140

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