asked 212k views
5 votes
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 ?

asked
User Racooon
by
9.0k points

1 Answer

1 vote
100×9.75=975
Difference
975×(1+0.08)−975×(1+0.045)=34.125
answered
User Ayyoudy
by
8.0k points

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