Suppose that 2 years ago you bought an old record player at a yard sale for...

Suppose that 2 years ago you bought an old record player at a yard sale for $8. You saw today on E-bay that the same record player is selling for $55. If you were to sell the record play at that price today, what would be the implied return percentage? (Convert to a percent.
An investment will pay $18,219 in 16 years. If the interest rate is 11.09%, how much is it worth today?

3 An investment will pay you $3,096 in 1 years if you pay $1,980 today. What is the implied rate of return? (Convert to a decimale.

A company has purchased an asset for $149,748. If they require a return of 11.82%, how much must they sell the asset for in 8 years?
If you have $577 today and you think you can earn an interest rate of 6% per year, how many years until you have $982?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 1 year ago

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