Your parents spent $6200 to buy 500 shares in a company listed on the ASX 13 years ago.The stock has appreciated 9 per cent per year on average.What is the current value of those 500 shares?
A) $18 824.17
B) $19 007.99
C) $19 580.92
D) $20 515.08
E) $22 449.92
Correct Answer:
Verified
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