Assume that at the beginning of the year, you purchase an investment for $8,200 that pays $80

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Assume that at the beginning of the year, you purchase an investment for $8,200 that pays $80 annual income.

Also assume that the investment’s value has increased to $9,000 at the end of the year.

1. What is the rate of return for this investment?

2. Is the rate of return a positive or a negative number?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 10, 2023 10:01 PM

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Assume that at the beginning of the year, you purchase an investment for $8,200 that pays $80

Question:

Step by Step Answer:

To calculate the rate of return you can use the following formula Rate of Return Ending Va...View the full answer

Personal Finance

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