Ask your own question, for FREE!
Finance 16 Online
OpenStudy (anonymous):

Britta and Helge need 300,000 in 4 years for a new car. Helge rains (optimistic) to get 15% return if they invest in some shares that he has a crush on. Britta, who seems to Helge's smart, sure, he gets right. She calculates on the basis of how much they now have to buy shares in order to have the car for 4 years. a) What amount will she find? The amount invested in the stock market, but it turns out that only in the first 2 years rising shares by 15%. In the 3 year increases only by 4% and in the last year by 2%. b) How much money is missing the car after 4 years?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!