Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the rate of return on a deposit of $70,000 with a value of $72,618 in 165 days? Select one: a. 7.98% b. 7.21%

What is the rate of return on a deposit of $70,000 with a value of $72,618 in 165 days?

Select one:

a.

7.98%

b.

7.21%

c.

3.74%

d.

8.27%

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

The Selected Works Of George J. Benston Banking And Financial Services Volume 1

Authors: James D. Rosenfeld

1st Edition

0195389018, 0199745471, 9780199745470

More Books

Students also viewed these Finance questions

Question

10 Learn the potential impacts of MSS on individuals

Answered: 1 week ago