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Home Q & A Board Science-Related Homework Help Mathematics
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rado202 rado202
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A year ago
For the 10 years ended December 31, 2014, the annually compounded rate of return on the portfolio of stocks represented by the S&P/TSX Composite Index was 4.7%. For the same period, the compound annual rate of inflation (as measured by the increase in the Consumer Price Index) was 1.68%. a) What was $1000 invested in the S&P/TSX stock portfolio on December 31, 2014, worth 10 years later?


b) What amount of money was needed on December 31, 2014, to have the same purchasing power as $1000 on December 31, 2004?
c) For an investment in the Index stock portfolio, what was the percent increase in purchasing power of the original $1000? (Round to the nearest %)
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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GlitterBug11GlitterBug11
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A year ago
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rado202 Author
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A year ago
Thank you, thank you, thank you!
gmiannotti
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Yesterday
Thanks for your help!!
SUmmerPeople
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2 hours ago
Brilliant ツ
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