You bought $2,000 worth of stock. For the last 6 years, you have been losing 4% a year. How much will your investment be worth after those 6 years? Assume you do not take any money out of the stock.- a) $1,442.78- b) $1,632.75- c) $1,565.52- d) $1,630.75

Answered: Image /qna-images/answer/2a168655-3ed3-430c-beed-d87e04d9aa74.jpg

Answered: You bought $2,000 worth of stock. For…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

You bought a house for $80,000. You were told that it will increase in value by 3% a year. How much will it be worth after 15 years? a $124,637.39 $121,007.18 $128,376.52 d. $120,007.18
You invest $2,000 in a mutual fund paying 9% interest. It takes about 7 years for your initial investment of $2,000 to double to $4,000. How long would it take your $4,000 to then double to $8,000? Choose the best answer. Year Beginning Interest End 180.00 $ 2,180.00 196.20 $ 2,376.20 213.86 $ 2,590.06 2,000.00 $ 1. 2,180.00 $ APR 9% 2. 2,376.20 $ 3 2,590.06 $ 233.11 $ 2,823.16 4 2,823.16 $ 254.08 $ 3,077.25 3,077.25 $ 276.95 $ 3,354.20 3,354.20 $ 301.88 $ 3,656.08 3,656.08 $ 329.05 $ 3,985.13 3,985.13 $ 358.66 $ 4,343.79 4,343.79 $ 390.94 $ 4,734.73 About 14 years About 7 years About 21 years About 10 years
You bought a house for $75,000. You were told that it will increase in value by 2% a year. How much will it be worth after 12 years? a $93,253.07 $95,118.13 $97.020.50 d. $92,253.07
You have $3,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? %$4 each month > Next Question Type here to search
A company offers you a job with an annual salary of $60 000 for the first year and a 4% raise every year after. Approximately how much money in total would you earn in 5 years of working there? Responses $72000 $312000 $72999 $324979
You deposit $1000 into an investment account. 8 years later, the amount in the account has doubled. What is the percent growth (as a decimal) of the account?
15% increase in price of an article , which is $1,620 , is the increase of ?

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS

You bought $2,000 worth of stock. For the last 6 years you have been losing 4% a year. How much will your investment be worth after those 6 years? Assume you do not take any money out of the stock. $1,442.78 b. $ 1,632.75 $1,565,52 $1,630.75