Assume that at the beginning of the year, you purchase an investment for$4,900 that pays $105 annual
Question:
Assume that at the beginning of the year, you purchase an investment for$4,900 that pays $105 annual income. Also assume the investment’s value has increased to$6,300 by the end of the year.
a. What is the rate of return for this investment?
b. Is the rate of return a positive or negative number?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
Question Posted: