hbrabeaux hbrabeaux

13-04-2017
Mathematics

contestada

You buy 100 shares of a company's stock at $9.75/share and place the same amount in a savings account earning a 4.5% APR. The stock gains 8% in the first year. What is the difference in total value between your stocks and savings account by the end of the first year?

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Aliwohaish12 Aliwohaish12

13-04-2017

Stocks-saving account
975×(1+0.08)−975×(1+0.045)=34.125

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brendan10 brendan10

17-12-2018

Answer:

Same as above but round round down for the right answer

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