Mathematics, 09.10.2019 05:30 kateferguson9852
Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo† suppose that $40,000 invested in microsoft at its ipo price had been worth $2,400,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)
Answers: 1
![FV=PV(1+r)^t\\2,400,000=40,000(1+r)^{13}\\60=(1+r)^{13}\\1+r=\sqrt[13]{60}\\ 1+r=1.3702\\r=0.3702](/tpl/images/0302/7437/478d3.png)
Another question on Mathematics
Mathematics, 21.06.2019 19:30
Complete the synthetic division problem below.what is the quotient in polynomial form 2/16 -16
Answers: 3
Mathematics, 21.06.2019 21:20
Find the distance from the theater to the library. leave your answer in simplest radical form if necessary. 12 √12 74 √74
Answers: 2
Mathematics, 21.06.2019 23:20
Which shows a reasonable estimation for 124% of 42 using the distributive property?
Answers: 1
Mathematics, 22.06.2019 00:20
When steve woke up. his temperature was 102 degrees f. two hours later it was 3 degrees lower. what was his temperature then?
Answers: 1
You know the right answer?
Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo† suppose t...
Questions
Health, 21.02.2020 19:28
History, 21.02.2020 19:28
Mathematics, 21.02.2020 19:28
History, 21.02.2020 19:28
Engineering, 21.02.2020 19:28
Chemistry, 21.02.2020 19:29
English, 21.02.2020 19:29
Spanish, 21.02.2020 19:30
