Assume that in 2018, a copper penny struck at the Philadelphia mint in 1796 was sold for $495,000. What was the rate of return on this investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16
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Assume that in 2018, a copper penny struck at the Philadelphia mint in 1796 was sold for $495,000.
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- Assume that in 2018, a copper penny struck at the Philadelphia mint in 1796 was sold for $495,000. What was the rate of return on this investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) rate of return =Assume that in 2018, a copper penny struck at the Philadelphia mint in 1795 was sold for $375,000. What was the rate of return on this investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)Assume that in 2018, a copper penny struck at the Philadelphia mint in 1795 was sold for $405,000. What was the rate of return on this investment? A penny is 1 cent.
- Assume that in 2018, a copper penny struck at the Philadelphia mint in 1796 was sold for $495,000. What was the rate of return on this investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) the school has mentioned 2 decimal, so I know that answer is 8.31% but this is only three numbers, don't the direction state 4?Assume that in 2018 a copper penny struck at the Philadelphia mint in 1796 was sold for $450000 what was the rate of return on this investment?Assume that in 2020, a Liberty Seated half dollar issued in 1892 was sold for $197,000. What was the rate of return on this investment? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
- Assume that in 2020, a Liberty Seated half dollar issued in 1890 was sold for $197,000. What was the rate of return on this investment?If $13,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $59,102.69 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)The total amount of money in an account with P dollars invested in it is given by the formula A=P+PrtA=P+Prt, where r is the rate expressed as a decimal and t is time (in years).If $525$525 is invested at 14%14%, how much money will be in the account after 3030 months? Round your answer to two decimal places if necessary.
- A coin sold at auction in 2017 for $1,252,000. The coin had a face value of $5 when it was issued in 1792 and had previously been sold for $165,000 in 1979. a. At what annual rate did the coin appreciate from its first minting to the 1979 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What annual rate did the 1979 buyer earn on his purchase? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. At what annual rate did the coin appreciate from its first minting to the 2017 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)The local bank is currently offering a new investment product, where deposits earninterest according to the following scheme:• An interest rate of r is applied on the 15th day of each month.• A bonus interest rate of t is applied on the 30th day of every odd month. (Theseare the months of January, March, May, July, September, and November.)1. Suppose that you want to deposit an amount of P dollars into the account twice:on January 1 and August 1 in 2023. If you want the value of your investment tobe S by April 30, 2024, express P in terms of S, r, and t.(Note that r and t are not APRs.)2. What is the effective annual rate of the above compounding scheme?What is the present value of a perpetuity of $8,447 per year given an interest rate of 8.2%, assuming that the first cash flow occurs today (that is, in year 0)? Record your answer as a dollar amount rounded to 2 decimal places , but do not include a dollar sign or any commas in your answer . For example , enter $ 12,327.24987 as 12327.25 .