Answer Happy

Posted: **Tue Jun 07, 2022 7:37 am**

: Everyone Thought He Was Being Foolish Again When 6 Years Ago Great Great Uncle Crazy Louie Invested 150 In The Common 1 (44.18 KiB) Viewed 46 times

: Everyone Thought He Was Being Foolish Again When 6 Years Ago Great Great Uncle Crazy Louie Invested 150 In The Common 2 (44.18 KiB) Viewed 46 times

: Everyone Thought He Was Being Foolish Again When 6 Years Ago Great Great Uncle Crazy Louie Invested 150 In The Common 3 (32.6 KiB) Viewed 46 times

Everyone thought he was being foolish again when, 6 years ago, great-great-uncle Crazy Louie invested $150 in the common stock of a company that produced a carbonated soft drink in Atlanta Georgia. The value of the stock has grown at an average rate of 15% compounded semi-annually. What's the value of Crazy Louie's foolish investment now? a. $5,872,556 O b. $925,767 O c. $146,250 O d. $1,816,317 O e. $13,559,733

If Smitty is able to earn 11% compounded semi- annually on his $750 investment, how much money will he have in 40 years? O a. $89,324 b. $73,825 O c. $7,979 O d. $48,751 O e. $54,357