FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You bought an investment for $1000 and 3 years later sold that investment for $1400. Taking into account compounding, what was your average annual return

image text in transcribed
You bought an investment for $1000 and 3 years later sold that investment for $1400. Taking into account compounding, what was your average annual return during the investment? Round your answer to the nearest tenth of a percent and use decimals in other words, if the answer is 7.3%, type .073

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

Financial Management Principles And Applications

Financial Management Principles And Applications

Authors: Sheridan Titman, John Martin

14th Global Edition

1292349824, 978-1292349824

More Books

Students also viewed these Finance questions

Question

★★★★★
What are the major costs and benefits of converting loans to bonds for an FI?

Answered: 1 week ago

Question

★★★★★
8. Explain how you would propose to utilize reversal theory in enhancing athletic performance in the face of alarmingly high precompetitive state anxiety.

Answered: 1 week ago

Question

★★★★★
1. Under the indirect method of calculating operating cash flows, which of the following would be added to net income? a. Increase in current assets b. Non-cash expenses c. Gain on sale of equipment...

Answered: 1 week ago

Question

★★★★★
#3 The following information is available for a company's maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable components of its maintenance...

Answered: 1 week ago

Question

★★★★★
Borror (2009) highlights 10 key characteristics of customer-focused organisation. Select one public or private hospital in Singapore. Appraise any three characteristics the hospital possesses in...

Answered: 1 week ago

Question

★★★★★
Provide a complete solution to each question. Explain your idea using proper terminology. A motorist drives along a highway at an average speed of 124 km/h. The speed limit is 100 km/h. (a) If the...

Answered: 1 week ago

Question

★★★★★
Maxwells equations show that a. Electromagnetic waves move at the speed of light b. The fabric of space is curves by masses c. Force is mass times acceleration d. Regardless of the mass, all object...

Answered: 1 week ago

Question

★★★★★
On January 1 , 2 0 1 8 , Princess Corporation leased equipment to King Company. The lease term is ten years. The first payment of $ 8 0 0 , 0 0 0 was made on January 1 , 2 0 1 8 . The equipment cost...

Answered: 1 week ago

Question

★★★★★
Lucia has a bank account at First Street Bank. She received Form 1099-INT, Interest Income, shown below. She has no other interest or dividends to report. How should this income be reported on...

Answered: 1 week ago

Question

★★★★★
Use Exhibit 1. Which of the following statements is (are) correct? Exhibit 1 Production Possibilities Trucks Cars 1,000 0 800 1,600 500 2,700 0 3,500 x The opportunity cost of the first 500 trucks is...

Answered: 1 week ago

Question

★★★★★
6. Which features of Canadas labor relations system would you transfer to the United States?

Answered: 1 week ago

Question

★★★★★
4. Multinational Labor Organizations. Search for the history and mission statements for the following organizations: International Federation of Airline Pilots Association (IFALPA) International...

Answered: 1 week ago

Question

★★★★★
4. What are the five special features of the Japanese system? Why havent these features been widely adopted in the United States?

Answered: 1 week ago

Previous Question Next Question