Business, 26.02.2020 05:49 mbonham481

Four years ago, Seegee invested $500. Three years ago, Trek invested $600. Today, these two investments are each worth $800. Assume each account continues to earn its respective rate of return. Which one of the following statements is correct concerning these investments?
a. Three years from today, Trek’s investment will be worth more than Seegee's.
b. One year ago, Seegee's investment was worth less than Trek’s investment.
c. Trek earns a higher rate of return than Seegee. Trek has earned an average annual interest rate of 9.86 percent.
d. Seegee has earned an average annual interest rate of 12.64 percent.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:00, staffordkimberly

Explain how can you avoid conflict by adjusting

Answers: 1

continue

Business, 22.06.2019 21:40, mackenziemelton26

Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.

Answers: 3

continue

Business, 23.06.2019 02:30, HTKPenguin

Zendor company wants to have $200,000 available in august 2021 to make an equipment purchase. to be able to have this amount available, zendor will make equal annual deposits in an investment account earning 12% annually in june 2017, 2018, 2019, 2020, and 2021. what is the dollar amount that must be deposited each of those years to achieve this objective?

Answers: 3

continue

Business, 23.06.2019 04:10, xojade

Which of the following would not be listed under cash outflows in a financial plan?

Answers: 2

continue

You know the right answer?

Four years ago, Seegee invested $500. Three years ago, Trek invested $600. Today, these two investme...