The chart shows monthly figures for Apple Computer, Inc., stock (adjusted for two stock splits that took place in this time period). Calculate to the nearest 0.01% your annual loss (on a simple interest basis) if you had bought Apple stock in August, 2000, and sold in January, 2002.
r = ___?
Marked are the points on the chart.
Dec. 1997 Aug. 1999 Mar. 2000 May 2000 Aug. 2000 Dec. 2000
3.28 16.31 33.95 21 30.47 7.44
Jan. 2002 Mar. 2003 Oct. 2003 Nov. 2004 Feb. 2005 Aug. 2005
12.36 7.07 11.44 33.53 44.86 45.74
How do I set up this problem?
This is the simple interest equation
INT=PVrt
r = ___?
Marked are the points on the chart.
Dec. 1997 Aug. 1999 Mar. 2000 May 2000 Aug. 2000 Dec. 2000
3.28 16.31 33.95 21 30.47 7.44
Jan. 2002 Mar. 2003 Oct. 2003 Nov. 2004 Feb. 2005 Aug. 2005
12.36 7.07 11.44 33.53 44.86 45.74
How do I set up this problem?
This is the simple interest equation
INT=PVrt