Problem $13-6$ Calculating Rate of Return $[$LO$13-2]$

Assume that at the beginning of the year, you purchase an investment for $$5,280$ that pays $$118$ annual income. Also assume the investment$$s value has decreased to $$4,880$ 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?Problem $13-6$ Calculating Rate of Return $[$LO$13-2]$

Assume that at the beginning of the year, you purchase an Investment for $$5,280$ that pays $$118$ annual Income. Also assume the

Investment's value has decreased to $$4,880$ by the end of the year.

a$.$ What is the rate of return for this Investment?

b$.$ Is the rate of return a positlve or a negatlve number?

Complete this question by entering your answers in the tabs below.

What is the rate of return for this investment?

Note: Input the amount as a positive value. Enter your answer as a percent rounded to $2$ decimal places.

Rate of return