Solved

If Apple's Stock Underwent Simple Interest Increase from February, 2005

Question 8

Short Answer

If Apple's stock underwent simple interest increase from February, 2005, through August, 2005 and into 2006, what would the price be in December, 2006 Round your answer to the nearest cent.  Month  Dec. 1997 Aug. 1999  Mar. 2000 May 2000 Aug. 2000 Dec. 2000 Monthly  Price 3.2816.3133.952130.477.44 Month  Jan. 2002 Mar. 2003 Oct. 2003 Nov. 2004  Feb. 2005 Aug. 2005 Monthly  Price 12.367.0711.4433.5344.7345.76\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Month } & \text { Dec. } 1997 & \text { Aug. 1999 } & \text { Mar. } 2000 & \text { May } 2000 & \text { Aug. } 2000 & \text { Dec. } 2000 \\\hline \begin{array} { l } \text { Monthly } \\\text { Price }\end{array} & 3.28 & 16.31 & 33.95 & 21 & 30.47 & 7.44 \\\hline \text { Month } & \text { Jan. } 2002 & \text { Mar. } 2003 & \text { Oct. } 2003 & \text { Nov. 2004 } & \text { Feb. } 2005 & \text { Aug. } 2005 \\\hline \begin{array} { l } \text { Monthly } \\\text { Price }\end{array} & 12.36 & 7.07 & 11.44 & 33.53 & 44.73 & 45.76 \\\hline\end{array}
$ __________

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions