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20 April, 11:09

As you are going through family records, you notice that your great-grandfather purchased 500 shares at $2.10 a share for a company called Bubba Gump Shrimp. When you search the internet for this company, you found that they list the value of their stock at $154.16 per share. You decide to sell all the shares and invest this into a retirement fund paying 9% annual interest. If you were to sell all your great-grandfathers shares, how much would you have to invest in your retirement? a. $1,050.00 c. $6,937.20 b. $77,080.00 d. 6,930.00

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  1. 20 April, 13:16
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    Answer: C $6,937.20

    multiply 154.16 by 500 and then multiply that by 9%.
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