The value of your stock investment in a certain company decreased 10 % over the last year. If the value of your stock investment is $13,000 today, then what was the value of your stock investment a year ago? Round your answer to the nearest cent, if necessary.

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

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Q: mple mteiest was eanmed of deposit earned an interest rate of %.

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is a…

Q: The stock of a fast-food restaurant chain pays a dividend of $0.67. If the share price for this…

A: The objective of this question is to calculate the dividend yield of a stock. The dividend yield is…

Q: If you paid $56 to a loan company for the use of $1, 401 for 118 days, what annual rate of interest…

A: Compound interest formula:    I = Prt        Where           I =Interest           P = Principal…

Q: If the number of mortgage applications declined by 9% to 1,625,385. What had been the previous…

A: The given data is as follows: to 1,625,385 number of mortgage applications.

Q: A new truck sells for $48,000. If it depreciates at the rate of 18% per year, how old will it be…

A: The depreciation formula is given by; W=C(1-d100)n where C is the current worth and w is the worth…

Q: You inherited a house worth $650,000 today. If the value increases by 4% each year, what would the…

A: given: we inherited a house worth $650,000 today. If the value increases by 4% each year, we have to…

Q: Megan held a loan of $2,500 for 8 months and was charged interest of $181.67. What was the annual…

A: The objective of this question is to find the annual simple interest rate on a loan. The simple…

Q: In how many days will $4,500 grow to $4,845.21 at 7% p.a.?

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Q: On January 1, 2018, $1,000 is placed in an account that earns 7% annual interest compounded…

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Q: You have an opportunity to purchase a bond that will pay out $734 in 14 months.  If you would like…

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Q: During the last year the value of my car depreciated by 30%. If the value of my car is ⁢17,000…

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Q: Three years ago, Jolene bought $625 worth of stock in a software company. Since 1 then the value of…

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Q: the smiths brought a apartment for 75000. assuming that the value of the apartment will appreciate…

A: Current value, P = 75000Appreciation Rate, R = 4.3%Time, T = 7 yearsAmount after 7 years = P1 +…