Joanne invested $15,000 six years ago. Her arithmetic average return on this investment is 8.72 percent, and her geometric average return is 8.50 percent. What is Joanne's portfolio worth today?
A. $23,989
B.$24,472
C. $26,409
D. $26,514
E. $26,766
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Joanne invested $15,000 six years ago. Her arithmetic average return on this investment is 8.72 percent, and her geometric average return ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
An organization in which there are a lot of formal rules, people are treated in animpersonal manner, jobs are carefully divided into specialized tasks, and employees must check with their supervisors before making decisions, hence feeling
Answers (1)
Choose 3 types of consumer goods (choose all that are correct) A) Convenience Goods B) Impulse Goods C) Specialty Goods D) Raw Goods E) Natural Goods
Answers (1)
What is a form of predictive analytics for marketing campaigns that attempts to identify target markets or people who could be convinced to buy products
Answers (1)
You think that in 15 years it will cost $214,000 to provide your child with a 4-year collge education. Will you have enough if you take $75,000 toady and invest it for 15 years at 4%?
Answers (1)
Identify some common miscellaneous itemized deductions and identify any limitations that are imposed on the deductibility of these items. One itemized deduction allowed is for medical expenses.
Answers (1)
New Questions in Business
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n) a. balance sheet b. trial balance c. chart of accounts d. income statement
Answers (1)
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.
Answers (1)
Suppose during 2014 that Federal Express reported the following information (in millions) : net sales of $35,497 and net income of $98.
Answers (2)
During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it increased by only 10%. Which of these conditions must have existed during the second four-year period? A. Deflation B.
Answers (2)
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.).
Answers (1)