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?
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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
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? |
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- 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 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 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.) what is the rate of return using the required two deimal places =
- 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.In 1895, the first Putting Green Championship was held. The winner’s prize money was $250. In 2010, the winner’s check was $1,450,000. What was the percentage increase per year in the winner’s check over this period? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Interest rate % If the winner’s prize increases at the same rate, what will it be in 2030? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))In 1895, the first Putting Green Championship was held. The winner’s prize money was $180. In 2016, the winner’s check was $1,380,000. a. What was the percentage increase per year in the winner’s check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the winner’s prize increases at the same rate, what will it be in 2037? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
- In 1895, the first Green Jacket Golf Championship was held. The winner’s prize money was $155. In 2018, the winner’s check was $2,190,000. a. What was the annual percentage increase in the winner’s check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the winner’s prize increases at the same rate, what will it be in 2049? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.)Can someone please just give me the right answer to the right decimal places for the last part, "How much interest was earned during the third quarter of the 4th year?" I've received more than 5 wrong answers already. A corporation creates a sinking fund in order to have $860,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each quarterif the annual interest rate is 6.5% compounded quarterly? (Round your answers to the nearest cent.)$ How much interest would they earn over the life of the account?$264439.07 $Two years ago, Lou Marshall, Inc. deposited $18,125 in an investment account for the purpose of buying new equipment four years from today. Last year, it added another $20,212 to this account. The company plans on making a final deposit of $17,503 to the account today. How much will be available when it is ready to buy the equipment, assuming the company earns 13.27% APR on its invested funds? Choose the closest amount. $118,681.22 $92,502.23 $91,918.47 $104,777.28 $72,097.87
- The average annual tuition for a public university in 1998 was $20,354. In 2018, the average annual tuition for a public university is $23,333. How much (as a percentage) has the tuition cost increased over the entire period? State your answer to two decimal places (e.g., 3.86)In 1895, the first U.S. Open Golf Championship was held. The winner’s prize money was $150. In 2016, the winner’s check was $2.2 million.What was the percentage increase per year in the winner’s check over this period? (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?