FIN 370 Week 2 Individual My FinanceLab Problems New-Shoptutorial
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Related to checkpoint 5.5) (solving for n)How many years will it take for $500 to grow to $1,048.85 if it,s invested at 6 percent compounded annually?

Related to checkpoint 5.5) (solving for n)How many years will it take for $500 to grow to $1,048.85 if it,s invested at 6 percent compounded annually? | FIN 370 Week 2 Individual My FinanceLab Problems New-Shoptutorial | Scoop.it

FIN 370 Week 2 MyFinanceLab | Complete the Week Two Practice in MyFinanceLab.

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Lance Murdock purchased a wooden statue of a Conquistador for $7,600 to put in his home office 7 years ago. Lance has recently married, and his home office is being converted into a sewing room. His new wife, who has far better taste than Lance, thinks the Conquistador is hideous and must go immediately. Lance decided to sell it n e-bay and only received $5,200 for it, and so he took a loss on the investment. What was his rate of return, that is, the value of i?

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Related to checkpoint 5.4) (present value) Sarah Wiggum like to make a single investment and have $ 2.0 million at the time of her retirement in 35 years.

Related to checkpoint 5.4) (present value) Sarah Wiggum like to make a single investment and have $ 2.0 million at the time of her retirement in 35 years. | FIN 370 Week 2 Individual My FinanceLab Problems New-Shoptutorial | Scoop.it
FIN 370 Week 2 MyFinanceLab | Complete the Week Two Practice in MyFinanceLab.
royalreddy7's insight:

Related to checkpoint 5.5) (solving for n)How many years will it take for $500 to grow to $1,048.85 if it,s invested at 6 percent compounded annually?

The number of years it will take for $500 to grow to $1,048.85 at 6 percent annually is ...... years?

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royalreddy7's curator insight, July 11, 2014 8:27 AM

Lance Murdock purchased a wooden statue of a Conquistador for $7,600 to put in his home office 7 years ago. Lance has recently married, and his home office is being converted into a sewing room. His new wife, who has far better taste than Lance, thinks the Conquistador is hideous and must go immediately. Lance decided to sell it n e-bay and only received $5,200 for it, and so he took a loss on the investment. What was his rate of return, that is, the value of i?

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Related to checkpoint 5.5) (solving for n)How many years will it take for $500 to grow to $1,048.85 if it,s invested at 6 percent compounded annually The number of years it will take for $500 to gr...

Related to checkpoint 5.5) (solving for n)How many years will it take for $500 to grow to $1,048.85 if it,s invested at 6 percent compounded annually The number of years it will take for $500 to gr... | FIN 370 Week 2 Individual My FinanceLab Problems New-Shoptutorial | Scoop.it
FIN 370 Week 2 MyFinanceLab | Complete the Week Two Practice in MyFinanceLab.
royalreddy7's insight:

Lance Murdock purchased a wooden statue of a Conquistador for $7,600 to put in his home office 7 years ago. Lance has recently married, and his home office is being converted into a sewing room. His new wife, who has far better taste than Lance, thinks the Conquistador is hideous and must go immediately. Lance decided to sell it n e-bay and only received $5,200 for it, and so he took a loss on the investment. What was his rate of return, that is, the value of i?

more...
royalreddy7's curator insight, July 11, 2014 8:27 AM

Related to checkpoint 5.5) (solving for n)How many years will it take for $500 to grow to $1,048.85 if it,s invested at 6 percent compounded annually?

The number of years it will take for $500 to grow to $1,048.85 at 6 percent annually is ...... years?

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Leslie Mosallam, who recently sold her Porsche, placed $10,000 in a savings account paying annual compound interest of 6%.

Leslie Mosallam, who recently sold her Porsche, placed $10,000 in a savings account paying annual compound interest of 6%. | FIN 370 Week 2 Individual My FinanceLab Problems New-Shoptutorial | Scoop.it
FIN 370 Week 2 MyFinanceLab | Complete the Week Two Practice in MyFinanceLab.
royalreddy7's insight:

Leslie Mosallam, who recently sold her Porsche, placed $10,000 in a savings account paying annual compound interest of 6%.

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