1 rob purchased a rare car for 246800 ten years ago today, Ask an Expert

Finance

1. Rob purchased a rare car for $246,800 ten years ago. Today, that car has a market value of $815,000. What is the rate of appreciation on this car?

a. 11.47 percent

b. 12.69 percent

c. 14.19 percent

d. 8.91 percent

2. Charlie invested $7,200 in a stock last year. Currently, this investment is worth $8,788.38. What is the rate of return on this investment?

a. 22.19 percent

b. 20.24 percent

c. 21.56 percent

d. 22.06 percent

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92052839

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