Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
#35 write out
![2000
J is
pusly,
1000
nt at
10
20
time
30
40
Years
31. Microsoft's stock price peaked at 6118% of its IPO price
more than 13 years after the IPO (Source: Bloomberg
Financial Markets). Suppose that $10,000 invested in
Microsoft at its IPO price had been worth $600,000
(6000% of the IPO price) after exactly 13 years. What
interest rate compounded annually does this represent?
32. If $10,000 had been invested in the Sagamore Capital
Opportunity Fund on September 30, 2008, it would
have been worth $46,649.55 on September 30, 2018.
What interest rate compounded annually did this
nnual
uar-
investment earn?
33. How long (in years) would $700 have to be invested
at 11.9% compounded continuously to earn $300
interest?
34. How long (in years) would $600 have to be invested at
8% compounded continuously to amount to $970?
35. At what nominal rate compounded quarterly would
$20,000 have to be invested to amount to $26,425.82 in
7 years?
36. At what nominal rate compounded annually would
$10,000 have to be invested to amount to $14,071 in
7 years?
37. For her 1st birthday, Ruth's grandparents invested
$1000 in an 18-year certificate for her that pays 8%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faeb06b0e-8341-4861-846e-a0416daf2b6f%2F9c7bd2e8-4cb7-4504-a85f-8b88ec140964%2Fpqyiw58_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2000
J is
pusly,
1000
nt at
10
20
time
30
40
Years
31. Microsoft's stock price peaked at 6118% of its IPO price
more than 13 years after the IPO (Source: Bloomberg
Financial Markets). Suppose that $10,000 invested in
Microsoft at its IPO price had been worth $600,000
(6000% of the IPO price) after exactly 13 years. What
interest rate compounded annually does this represent?
32. If $10,000 had been invested in the Sagamore Capital
Opportunity Fund on September 30, 2008, it would
have been worth $46,649.55 on September 30, 2018.
What interest rate compounded annually did this
nnual
uar-
investment earn?
33. How long (in years) would $700 have to be invested
at 11.9% compounded continuously to earn $300
interest?
34. How long (in years) would $600 have to be invested at
8% compounded continuously to amount to $970?
35. At what nominal rate compounded quarterly would
$20,000 have to be invested to amount to $26,425.82 in
7 years?
36. At what nominal rate compounded annually would
$10,000 have to be invested to amount to $14,071 in
7 years?
37. For her 1st birthday, Ruth's grandparents invested
$1000 in an 18-year certificate for her that pays 8%
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