FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investor who was not as astute as he believed invested $272,000 into an account 12 years ago. Today, that account is worth $210,000. What

An investor who was not as astute as he believed invested $272,000 into an account 12 years ago. Today, that account is worth $210,000. What was the annual rate of return on this account? Multiple Choice O -2.13% 2.18% -1.99% -1.87%
image text in transcribed
An investor who was not as astute as he believed invested $272,000 into an account 12 years ago, Today, that account is worth $210,000. What was the annual rate of return on this account? Multiple Choice 213x 2+5 199k 197x

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microfinance Handbook An Institutional And Financial Perspective

Microfinance Handbook An Institutional And Financial Perspective

Authors: Joanna Ledgerwood

1st Edition

0821343068, 978-0821343067

More Books

Students also viewed these Finance questions

Question

★★★★★
Can factors from both the content and the process perspectives be acting on a worker at the same time? Explain why or why not. Whether you answered yes or no to the previous question, explain the...

Answered: 1 week ago

Question

★★★★★
36) A debit to an expense account was posted to an asset account. This would cause * O A) assets to be understated. O B) liabilities to be understated. OC) capital to be understated. O D) expenses to...

Answered: 1 week ago

Question

★★★★★
38. Your insurance policy does not automatically cover damage to rental cars.

Answered: 1 week ago

Question

★★★★★
Prepare a table to summarize the following transactions as they affect the accounting equation. Use the format in Exhibit 3-1. 1. Services provided on account of $1,530 2. Purchases of supplies on...

Answered: 1 week ago

Question

★★★★★
An investor who was not as astute as he believed invested $272,000 into an account 12 years ago. Today, that account is worth $210,000. What was the annual rate of return on this account? Multiple...

Answered: 1 week ago

Question

★★★★★
Which of the following best describes the meaning of the multiplicities next to the number 6 in the preceding diagram? 1-Each Buy/Sell Transaction involves one Broker. 2-Each Buy/Sell Transaction...

Answered: 1 week ago

Question

★★★★★
You are the CEO of Apple, whose iPhones are all assembled in China. President Trump publicly and privately asked you to move some of the production back to the United States. President Biden pushed...

Answered: 1 week ago

Question

★★★★★
Does the Tucson data-mining project inappropriately violate users' privacy, or is it an acceptable tradeoff to more intelligently combat terrorism? Explain your answer. 2.Were the local police...

Answered: 1 week ago

Question

★★★★★
The following Trial Balance was taken from the books of Tom Toy at 31 December 2012. Purchases/Sales Inventory 1.1.2012 Wages Loan - R Driscoll Cash Premises ms Dr Cr $ 57,341 80,340 4,173 10,650 242...

Answered: 1 week ago

Question

★★★★★
(11) The CPF Payable account has an opening balance of $5,600, and the amount due to the CPF Board is being paid on the last day of the month.

Answered: 1 week ago

Question

★★★★★
Tom learned to ask questions in math class, but he never learned to ask questions in English or history class. The problem is that "asking questions" did not demonstrate A Generality B Technology C...

Answered: 1 week ago

Question

★★★★★
1. LaunchPad for Real Communication offers key term videos and encourages selfassessment through adaptive quizzing. Go to bedfordstmartins.com/realcomm to get access to: LearningCurve Adaptive...

Answered: 1 week ago

Question

★★★★★
2. The Kings Speech centers on Alberts address to the British people on September 3, 1939, at the outbreak of World War II, audio recordings of which are available online. Listen to them, and...

Answered: 1 week ago

Question

★★★★★
3. While in class, select a partner and give a one- to two-minute impromptu speech on a topic of your choice. Your partner will write down both negative and positive feedback to share with you, and...

Answered: 1 week ago

Previous Question Next Question