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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
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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?

User Casey Rodarmor
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2 Answers

4 votes

Answer:

Same as above but round round down for the right answer


User Milan Pansuriya
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7.8k points
3 votes
Stocks-saving account
975×(1+0.08)−975×(1+0.045)=34.125
User David Van Dugteren
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8.2k points
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