What was the rate of return on this investment

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Reference no: EM131355901

1. A Studebaker automobile that cost S665 in 1934 was sold as an antique car at S14 800 in 1998. What was the rate of return on this "investment"?

2. Clifford has X euros right now. In 5 years, X will be €350 0 if it is invested at 7.5%, compounded annually. Determine the present value of X. If Clifford invested X euros at 7.5%, compounded daily, how much would the value of Xbe in 10 years?

Reference no: EM131355901

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