1. What is the future value of $650 deposited for one year earning an 10 percent interest rate annually?
2. Please show how to use the Rate function in Excel. My formula is not working: =RATE(B10,B11,B9,B8,0)
If you bought a stock for $45 dollars and could sell it fifteen years later for three times what you originally paid. What was your return on owning this stock?