Match the annual return to the following investments. v Five years after buying 1000 stocks of DRTX for $6 a share, you A. 7.92% sell all shares for $8800. B. 21.64% Six years after buying 10000 stocks of DRTX for $50 a share, you sell all shares for $790000. C. 7.96% D. 7.90% v Three years after buying 100 stocks of DRTX for $60 a share, you sell all shares for $10800. v Eight years after buying 2000 stocks of DRTX for $16 a share, you sell all shares for $58800.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Match the annual return to the following investments.
v Five years after buying 1000 stocks of DRTX for $6 a share, you A. 7.92%
sell all shares for $8800.
B. 21.64%
Six years after buying 10000 stocks of DRTX for $50 a share,
you sell all shares for $790000.
C. 7.96%
D. 7.90%
v Three years after buying 100 stocks of DRTX for $60 a share,
you sell all shares for $10800.
v Eight years after buying 2000 stocks of DRTX for $16 a share,
you sell all shares for $58800.
QUESTION 3
Match each retirement situation to the final balance in the account.
v You invest $200 a month into an account earning 4% intrest for A. $138,809.88
30 years.
B. $50219.45
v You invest $300 a month into an account earning 6% intrest for
20 years.
C. $138,612.27
D. $60283.23
v You invest $20 a week into an account earning 4% intrest for 30
years.
v You invest $25 a week into an account earning 6% intrest for 20
years.
Transcribed Image Text:Match the annual return to the following investments. v Five years after buying 1000 stocks of DRTX for $6 a share, you A. 7.92% sell all shares for $8800. B. 21.64% Six years after buying 10000 stocks of DRTX for $50 a share, you sell all shares for $790000. C. 7.96% D. 7.90% v Three years after buying 100 stocks of DRTX for $60 a share, you sell all shares for $10800. v Eight years after buying 2000 stocks of DRTX for $16 a share, you sell all shares for $58800. QUESTION 3 Match each retirement situation to the final balance in the account. v You invest $200 a month into an account earning 4% intrest for A. $138,809.88 30 years. B. $50219.45 v You invest $300 a month into an account earning 6% intrest for 20 years. C. $138,612.27 D. $60283.23 v You invest $20 a week into an account earning 4% intrest for 30 years. v You invest $25 a week into an account earning 6% intrest for 20 years.
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