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Ishak. has built up total assets at the end of last year of RM520,000. It consisted of a home valued at RM350,000 and financial assets
Ishak. has built up total assets at the end of last year of RM520,000. It consisted of a home valued at RM350,000 and financial assets valued at RM170,000. During this year his home appreciated by a -4% because of the contracting housing market, but his financial assets achieved a return of 6.5%. i. What is Ishak's total assets worth? (5 marks) ii. What is his overall rate of return this year?
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