A community for students. Sign up today!
Here's the question you clicked on:
 0 viewing
 2 years ago
10 years ago A bought a share for 20$ and sold it today for 35$.What is the rate of profit he had from this investment. I thought to use PV=FV*FVIF where PV=35 and PV=20 and then calculate FVIF..is this right?
 2 years ago
10 years ago A bought a share for 20$ and sold it today for 35$.What is the rate of profit he had from this investment. I thought to use PV=FV*FVIF where PV=35 and PV=20 and then calculate FVIF..is this right?

This Question is Closed

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1I don't get it O.o :(

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1Annam terms? what's that?

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1O.o What is it then? O.o

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1the return today i guess

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1:O how's that??? we've never solved a problem in this way O.o :( I'm gonna fail :(((((

sheg
 2 years ago
Best ResponseYou've already chosen the best response.1oh in this question is discounting rate given ???

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1no...i wrote it exactly as it is written in my wbook....

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1is there any way solving this using PV or FV or anything like this?

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1:( ok thanks anyway :)))

sheg
 2 years ago
Best ResponseYou've already chosen the best response.1see the thing which u were saying was including the interest factor right Future value = Present Value *(1 + K)^n 35 = 20*(1+k)^10 on solving this one u will get k = 0.0575 Rate of return = 5.75 %

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1I actually had this solved in my notebook and my teacher had solved this using PV=FV*PVIF

sheg
 2 years ago
Best ResponseYou've already chosen the best response.1Future value = Present Value *(1 + K)^n 35 = 20*(1+k)^10 on solving this one u will get k = 0.0575 Rate of return = 5.75 %

sheg
 2 years ago
Best ResponseYou've already chosen the best response.1first i had taken the layman's approach and in that i was ignoring the discounting factor

sheg
 2 years ago
Best ResponseYou've already chosen the best response.1hey hang on you have written PV = FV * PVIF is that so

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1PV=20 FV=35 PVIF is wht i have to find...which means i waas right except the fact tht instead of writing PVIF i wrote FVIF

angela210793
 2 years ago
Best ResponseYou've already chosen the best response.1yea yea :) thanks :) going to eat now :) cya :)

sheg
 2 years ago
Best ResponseYou've already chosen the best response.1^^^^^ see above i had solved that using discounting factor too above
Ask your own question
Ask a QuestionFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.