Calculating the return on an investment for 1949 Motorcycle
A 1949 Vincent Black Shadow Series V motorcycle sold for about $45,000 in 1996. If you were fortunate enough to have purchased one new for $630 in 1949, what return did you earn on your investment?
If the value of a $20,000 1998 Bimota Supermono appreciates at the same rate, what will it be worth in another 47 years?© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/business/finance/calculating-the-return-on-an-investment-for-1949-motorcycle-29g
... at the rate of 9.5%
And, the FV = 20,000 (1.095)47
So, FV = 1,423,946.25