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22 December, 12:34

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?

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  1. 22 December, 15:48
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    100*9.75=975

    Difference

    975 * (1+0.08) - 975 * (1+0.045) = 34.125
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