A company invests $500,000 at the beginning of the year. It withdraws $45,000 at the beginning of the second quarter, and $55,000 at the beginning of the third quarter. The company invested an additional $100,000 at the beginning of the fourth quarter. The company earned $20,000 of interest during the first quarter, $15,000 in the second quarter, $10,000 in the third quarter, and $22,000 in the fourth quarter. What is the annual rate earned on the investments portfolio?

Answer rating: 100% (QA)

Answer To find the annual rate earned on the investment portfolio we need to calculate the total amo... View the full answer