Business, 11.05.2021 21:10, lyly214

Carl Patterson likes investing in stocks that pay dividends. Carl owns 55 shares of a local utility company. The stock pays a regular annual dividend in the amount of $2.25 per share, and the company has indicated that the dividend will stay the same for a long time. If Carl reinvests his dividends each year and the dividends earn a return of 4 percent each year, how much will Carl accumulate in 15 years

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Carl Patterson likes investing in stocks that pay dividends. Carl owns 55 shares of a local utility...