A rare postage stamp purchased in 1932 for $0.75 was sold in 2022 for $2,800. What was the annualized rate of return on this investment?
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- 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 .A property will provide $12,870 at the end of each year forever. If its value is $132,000, what must be the discount rate? (Enter your answer as a percent rounded to 2 decimal places.)In 1904, the first Dalmore Championship was held. The winner's prize money was $100. In 2016, the winner's check was $1,171,000. (Do not round intermediate calculations.) a. What was the percentage increase per year in the winner's check over this period? Interest rate b. If the winner's prize increases at the same rate, what will it be in 2049? Future value
- A perpetuity makes its first annual payment of $110 exactly 17 years from today. The discount rate is 6.1% per annum compounded annually. 1) What is the present value of this perpetuity valued at exactly Year 13? (Round your answer to the nearest cent) 2) What is the present value of this perpetuity valued at exactly Year 0? (Round your answer to the nearest cent)Your coin collection contains 54 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Value of collectionYour coin collection contains 70 silver dollars minted in 1950. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2060, assuming they appreciate at a 7.3% annual rate? (Round your answer to the nearest dollar.)
- Your coin collection contains fifty 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2067, assuming they appreciate at an annual rate of 4.3 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future valueYour coin collection contains 61 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2051, assuming they appreciate at an annual rate of 5.5 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Your coin collection contains 50 1952 silver dollars. Required: If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Value of collection tA
- What is the present value of a perpetuity that pays $661 every year forever, if the interest rate is to be 2.25% (compounded). Answer to the nearest cent. A Moving to the next question prevents changes to this answer.An accounting firm agrees to purchase a computer for $130,000 (cash on delivery) and the delivery date is in 270 days. How much do the owners need to deposit in an account paying 0.55%compounded quarterly so that they will have $130,000 in 270 days? (a) State the type. sinking fundamortization ordinary annuitypresent valuefuture value (b) Answer the question. (Round your answer to the nearest cent.)A deferred perpetuity-due begins payments at time n with annual payments of $1,000 per year. If the present value of this perpetuity-due is equal to $6,561 and the effective rate of interest i=1/9, find n. To be computed by hand, not in excel.