Question
Assume that at the beginning of the year, you purchase an investment for $5,100 that pays $100 annual income. Also assume the investments value has
Assume that at the beginning of the year, you purchase an investment for $5,100 that pays $100 annual income. Also assume the investments value has decreased to $4,700 by the end of the year. What is the rate of return for this investment? Is the rate of return a positive or a negative number?
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
