Rob has just received a check for $31,000. This is a return from an investment that he made 19 years ago. He was told that the return was the equivalent of 11% per year. How much was his original investment? O $3,901.19. O $4,055.52. O $4,268.01. $4,006.25. Question 4 Jason received a check for $50,000 today. This was from an investment made 10 years ago. The investment earned 10% compounded quarterly. How much was his original investment?

Rob has just received a check for $31,000. This is a return from an investment that he made 19 years ago. He was told that the return was the equivalent of 11% per year. How much was his original investment? O $3,901.19. O $4,055.52. O $4,268.01. $4,006.25. Question 4 Jason received a check for $50,000 today. This was from an investment made 10 years ago. The investment earned 10% compounded quarterly. How much was his original investment?

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 28P

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