Loan Amortization - Salisbury University
You plan to purchase Apple stock for $185.00. You expect the share price to grow at 6% for the next 10 years. What will the price be in 10 years? FV = 185(FVIF6%,10) N 10 I 6% PV $185 Pmt 0 Cpt FV $331.31 You plan to invest $1,500 in a financial asset with a rate of return of 12 percent. What will the value of the asset be in 35 years? ................
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