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You bought a 1966 Mustang for $14,000. You were showing your neighbor who immediately took $20,000 out of her pocket and you sold it to
You bought a 1966 Mustang for $14,000. You were showing your neighbor who immediately took $20,000 out of her pocket and you sold it to her. What is your effective rate of return on this transaction? If you receive $85 from an investment of $1,250, what is your effective rate of return? On Jan 1, 2016 you made an investment of $5,500. On December 31, 2019 you sold that investment for $8,000. What is your effective rate of return
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