Forty years ago, your mother invested $5,000. Today, that investment is worth $430,065.11. What is the average annual rate of return she earned on this investment?
A. 11.68 percent
B. 11.71 percent
C. 11.78 percent
D. 11.91 percent
E. 12.02 percent
Ans: C. 11.78 percent
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Smithy Writing Implements has launched a range of markers with gel inks that show up brightly on dark surfaces. The pens have special writing tips and specially designed caps to prevent the ink from drying. The ad campaign for the pens, however, focuses only on their capability to write on dark surfaces as this feature is not offered by any of their competitors. In the given scenario, this feature is an example of ___.
a. Unique selling proposition b. A consumer stimulant c. An advertising specialty d. Product parity
The value of a bond is equal to the present value of the bond's interest payments plus the present
value of the bond's maturity value, all discounted at the bond's coupon rate. Indicate whether the statement is true or false