Assume that at the beginning of the year, you purchase an investment for$4,900 that pays $105 annual

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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?

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Personal Finance

ISBN: 978-1259720680

12th edition

Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart

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Question Posted: May 30, 2018 05:01 AM

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Assume that at the beginning of the year, you purchase an investment for$4,900 that pays $105 annual

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a Step 1 Subtract the investments initial value from the investments value at the end of the ...View the full answer

Personal Finance

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