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Chapter 17: Q 39. (page 427)
How much money do you have to put into a bank
account that pays 10% interest compounded annually to have $10,000 in ten years?
$3855.43
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Explain why a financial investor in stocks cannot
earn high capital gains simply by buying companies with a demonstrated record of high profits.
What are the most common ways for start-up firms
to raise financial capital?
How do bank failures cause the economy to go into
recession?
What is the total amount of interest from a $5,000 loan after three years with a simple interest rate of 6%?
You and your friend have opened an account on
E-Trade and have each decided to select five similar companies in which to invest. You are diligent in monitoring your selections, tracking prices, current events, and actions the company has taken. Your friend chooses his companies randomly, pays no attention to the financial news, and spends his leisure time focused on everything besides his investments. Explain what might be the performance for each of your portfolios at
the end of the year.
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