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What was the return on investment (ROl) for the year (ending value of investments - (beginning value of investments + savings))/ beginning value of investments?
What was the return on investment (ROl) for the year (ending value of investments - (beginning value of investments + savings))/ beginning value of investments?
(A) 12.16%
(B) 18.00%
(C) 26.47%
(D) 36.00%
\begin{tabular}{lr} \hline Investment Assets at Year End & $170,000 \\ Investment Assets at Beginning of Year & $125,000 \\ Savings & $25,000 \\ Employer Match to 401(k) & $4,900 \\ Gross Income & $120,000 \\ Total Assets at Year End & $650,000 \\ Total Assets at Beginning of Year & $610,000 \\ Total Liabilities at Year End & $235,000 \\ Total Liabilities at Beginning of Year & $240,000 \\ \hline \end{tabular}Step by Step Solution
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