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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- Please provide answer general accountingThe purchase price of an acre of land in the Louisiana purchase in 1803 was about 4 cents. Suppose the value of this property grew at an annual rate of 5.1% compounded annually. What would an acre of land be worth in 2019?What's the present value of a perpetuity that pays $2,200 per year if the appropriate interest rate is $%? O $47,960.00 $49,720.00 O $48,400.00 $44,000.00 $36,520.00 4
- 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.)Assume that in 2020, a Liberty Seated half dollar issued in 1891 was sold for $209,000. What was the rate of return on this investment? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.How much would $1,000,000 due in 100 years be worth today if the discount ratewas 5%? If the discount rate was 20%? ($7,604.49, $0.0121)
- * Your answer is incorrect. Marigold Corp. will receive $720000 in a future year. If the future receipt is discounted at an interest rate of 9%, its present value is $429314. In how many years is the $720000 received? O 7 years O 5 years O 6 years O 8 yearsAssume 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 %KA. An individual recently won a lottery and has the opportunity to receive $100,000 per year at the end of the year for the next 25 years. Assuming an annual interest rate of 5% is appropriate, the present value of 1 is 0.29530 × $100,000 = $29,530, the present value of an ordinary annuity is 14.09394 × $100,000 = $1,409,394, and the present value of an annuity due is 14.79864 × $100,000 = $1,479,864. What is the fair value of the lottery payments according to the Financial Accounting Standards Board (FASB)?
- Assume that in 2020, the first edition of a comic book was sold at auction for $691,600. The comic book was originally sold in 1936 for $.10. What was the annual increase in the value of the comic book? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Annual increase = %If the five-year present value annuity factor is 3.60478 and the four-year present valueannuity factor is 3.03735, what is the present value of the $1 received at the end of five years?A. $0.63552B. $1.76233C. $0.56743D. $1.2132E. None of the aboveA perpetuity pays $250 per year and interest rates are 7.0 percent. How much would its value change if interest rates increased to 8.5 percent? (Round your answer to 2 decimal places.) Change in value Did the value increase or decrease? decrease O increase