ON MAY 22, 2010, A FLORIDA MAN LASZLO HANYECZ, NOW KNOWN AS BITCOIN PIZZA GUY, OFFERED TO PAY 10,000 BITCOINS TO ANYONE WHO CAN ARRANGE FOR FOOD DELIVERED TO HIM. A BRITISH MAN TOOK THE OFFER AND PAID $25 FOR A BOX OF PAPA JOHN'S PIZZAS DELIVERED TO HANYECZ IN EXCHANGE OF THE 10,000 BITCOINS. ON MAY 22, 2023, A SINGLE BITCOIN'S MARKET VALUE WAS AROUND $27,225.73. IF THE BRITISH GUY HELD ON TO HIS 10,000 BITCOINS FROM 2010 TO 2023, WHAT HAS BEEN HIS ANNUAL RETURN (IN %)?

ON MAY 22, 2010, A FLORIDA MAN LASZLO HANYECZ, NOW KNOWN AS BITCOIN PIZZA GUY, OFFERED TO PAY 10,000 BITCOINS TO ANYONE WHO CAN ARRANGE FOR FOOD DELIVERED TO HIM. A BRITISH MAN TOOK THE OFFER AND PAID $25 FOR A BOX OF PAPA JOHN'S PIZZAS DELIVERED TO HANYECZ IN EXCHANGE OF THE 10,000 BITCOINS. ON MAY 22, 2023, A SINGLE BITCOIN'S MARKET VALUE WAS AROUND $27,225.73. IF THE BRITISH GUY HELD ON TO HIS 10,000 BITCOINS FROM 2010 TO 2023, WHAT HAS BEEN HIS ANNUAL RETURN (IN %)?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Derek has the opportunity to buy a money machine today. The money machine will pay Derek $35,200.00 exactly 11.00 years from today. Assuming that Derek believes the appropriate discount rate is 7.00%, how much is he willing to pay for this money machine? Submit Answer format: Currency: Round to: 2 decimal places.
Amir needs 12000 to get his business started as soon as possible. He decides to take a loan from a bank. If the amount of bank discount is 354.15, find the amount of the loan.
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $35,347.00 exactly 11.00 years from today. Assuming that Derek believes the appropriate discount rate is 10.00%, how much is he willing to pay for this money machine?
Mr. Ahmet, who won a prize of 1 million USD by participating in a quiz show, will provide a significant return if he uses it in repo, time deposit and bonds. However, careful decisions need to be made as to which area to invest. If the money is deposited in the bank, the bank pays interest once a month and pays 16% interest. Mr. Ahmet wants to buy 2 houses, one worth 900000 USD and the other 500000 USD, in the future, by investing this money in the bank. Accordingly, after how long is it possible for Ahmet Bey to buy these two houses with the money and income he earned? If you were Mr. Ahmet, how would you advise him to use this money?
In 2020, Westfort Coffee offered a Loyalty program for frequent buyers of their drinks. Any customer who uses their loyalty card will get a credit of $0.05 for every $1.00 they spend and it can be cashed in any time in 2021. Westfort Coffee also knows that 10% of all loyalty card users do not use their points. Customers with loyalty cards spent $40,000 in 2020. What is the total loyalty card value outstanding on December 31, 2020? How much should Westfort Coffee show as a liability?
You sell $1 million of microprocessors to one of your customers on account. After opening the boxes that you sent, your customer discovers that many of the microprocessors are damaged, so you offer them a partial refund of 10%. The next day they pay their remaining balance in full. Which is part of the correct journal entry that you should record at the time that the customer makes their payment? DEBIT to Cash of $100,000 CREDIT to Accounts Receivable of $900,000 CREDIT to Accounts Payable of $900,000 CREDIT to Accounts Receivable of $1,000,000
I am having some trouble with a similar problem except in this problem you have to determine the discount rate and are give several other things; the problem in question is pasted below Nancy needed $8500 to start a web page design company and signed a 200-day note with a face value of $8872.67. Find the discount rate. Use banker's interest of 360 days.
Ramon has a check work P90,000.00 which is dated 4 months from today. He really needed the money today. So he went to Juancho, who offered to give the former P89,000.00 for the indorsement of the check to Juancho. How much is the Discount rate?
Solve the following problem with explanations 1. How much interest would your money earn if you deposited PHP 25, 000. 00 at a simple rate of 3% given the actual date from June 6, 2020 to March 25, 2021. 2. During this time of pandemic, many lending institutions offer a loan package to wage earners. Suppose loan company ABC offers you to borrow money amounting to PHP 50, 000 and payable in 4 years at a simple interest rate of 3% per annum, while loan company XYZ offers a 3% compounded annually. What loan company will you borrow money, then justify why you decide to choose to make loan with that particular loan company.
Marwan just deposited $13,000 into his account at Bank Muscat. The bank will pay 2.3 percent interest, compounded annually, on this account. How much interest on interest will he earn over the next 15 years? Il mcbs.proctonng.online is sharing your screen. Stop sharing Hide mpt-1231438cmid-98604&page-5#questic
Tom just won a lottery. he plans to create a money market certificate in a bank to prepare a down payment for a house $400,000. The down payment is 20% of the house price, and the current five-year APY is 3.25%. How much should you put in the money market certificate account to accumulate the down payment? Group of answer choices $340,886.41 $93,872.91 $469,334.56 $68,117.28
2. Two months ago, Thomasian Engineer TE had P5,000,000.00 in his UST Security Bank (USTSB) Account. Last month, TE also deposited in USTSB the sum of P300,000.00. Considering that USTSB Employees are courteous and cheerful, he again deposited today P400,000.00 to his account. Because of the educational needs of his chosen scholars, he plans to withdraw an amount, X, starting 5 months from today. He will also withdraw the same amount for the succeeding 6 months or up to August 2023. If his plan is to have a remaining outstanding balance of P4,500,000.00 at the end of November 2023, what do you think will be the value of X? Use i = 12% Compounded Monthly.

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