The buying and selling commission schedule shown in the table is from an online discount brokerage firm.

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The buying and selling commission schedule shown in the table is from an online discount brokerage firm. Taking into consideration the buying and selling commissions in this schedule, find the annual compound rate of interest earned by each investment.

Transaction Size $0-$1,500 $1,501-$6,000 $6,001-$22,000 $22,001-$50,000 $50,001-$500,000 $500,001+ Commission

An investor purchases 200 shares of stock at $28 per share, holds the stock for 4 years, and then sells the stock for $55 a share.

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Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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