FREE Trial
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!

After investing into a mutual fund for three years, you obtain a total return of 50%. (Rounded to two decimals) 1What is the annual return in percentage terms? 2What is the monthly return in percentage terms?

After investing into a mutual fund for three years, you obtain a total return of 50%. (Rounded to two decimals)

（1）What is the annual return in percentage terms?

（2）What is the monthly return in percentage terms?

  • Expert Answer

To determine the annual and monthly returns we can use the formula for compound interes View the full answer


answer-question
Related Book For  answer-question
Advanced Accounting

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

See More Books
Post a Question and Get Help

Cannot find your solution?

Post a FREE question now and get an answer within minutes*.

*Average response time.
Posted Date: June 07, 2023 06:03:59
See More Questions

Students also viewed these finance questions

Q:
1. Housing rates have rapidly increased, and you have decided to save to buy your first house You expect to save $1500 per month at the end of each month for the next 3 years, investing these funds...
A:
1 a The mortgage you can obtain is 129 856 b The down payment you will have saved is 37 500 c The total value of the house you can purchase is 167 356 2 The option your friend should take is the 5 000......
Q:
1. Irad Liu, of Commerce, Texas, is in the 25 percent marginal tax bracket and is considering the tax consequences of investing $2000 at the end of each year for 30 years in a tax-sheltered...
A:
1 a 2000 x 113 2832 226 566 b The after tax yield will be only 6 percent 0 06......
Q:
You have completed your first meeting with Harper and Riley Evans. You are confident that you now have most of the information you will need to prepare a comprehensive financial plan for them. Beyond...
A:
Click to View...
Q:
Let a = (4, 5) and 6 = (-4,-2). Find the projection of b onto a. proj; b = =V
A:
The detailed......
Q:
1. What policies and procedures do you suggest Mr. Baker propose to address each of the areas identified above in the Wall Street Journal article? 2. Given his Central Florida, what types of...
A:
1 Employee absenteeism Employees will be allowed time off during a predicted disaster event which will either be charged toward their annual leave or be unpaid time off After the disaster event they w......
Q:
Power Corporation acquired 70 percent of Silk Corporations common stock on December 31, 20X2. Balance sheet data for the two companies immediately following the acquisition follow: At the date of the...
A:
1 d 215 000 130 000 70 000 85 000 70 000 2 c 40 000 150 5......
Q:
A local nursery, Greens, uses 1780 bags of plant food annually. Greens works 50 weeks per year. It costs $12 to place an order for plant food. The annual holding cost rate is $6 per bag. Lead time is...
A:
a b Total annual cost D Q S Q 2 H......
Q:
The bookkeeper for Rakovs Country Music Bar left this incomplete balance sheet. Rakovs working capital is $180,000 and its debt to assets ratio is 40 percent. Assets Current assets...
A:
A 111 000 F 195 000 B 255 000 G 270 000 C 498 000 H 195 000 D 675 000 I 405......
Q:
Write a function that has *two parameters* - and *returns* the count of the number of times the second parameter (a substring) occurs in the first parameter (a sentence). Capitalization is important,...
A:
You can create a Python function that counts the number of occurrences of a substring in a s......
Q:
The switching device of Prob. 5/76 is repeated here. If the vertical control rod has a downward velocity v = 2 ft/sec when the device is in the position shown, determine the corresponding speed of...
A:
Click to View...
Q:
Find a number & such that f(x) + 2| < 0.3 if x + 3 < d given f(x) = 2x + 4 Leave the result as a reduced fraction. S In general, find a number 8 such that f(x) +2| < & if x + 3 < 8. Leave the result...
A:
Solo Given x 3 8 Conside......
Q:
8. Discuss briefly any two of the following: a) Heap sort b) Dynamic Programming c) Height balanced tree d) Parallel algorithm
A:
The detailed answer for the above question is provided below This question is regarding brief description of any two which is asked in an exam but here are all 4 topic below described a Heap Sort It i......
Q:
Linked List Cycle Detection: Determine if a linked list has a cycle and return the starting node of the cycle if it exists.
A:
The detailed answer for the above question is provided below You can use Floyd s Tortoise and Hare algorithm to determine if a linked list has a cycle......
Q:
Discuss Strassen's matrix multiplication and derive it's time complexity. b) Discuss Strassen's matrix multiplication and derive time complexity.
A:
The detailed answer for the above question is provided below Strassen s algorithm It is an efficient......
Q:
Q3. A steel pipe (K = 45.0 W/m.K) having a 0.05m O.D is covered with a 0.042 m thick layer of magnesia (K = 0.07W/m.K) which in turn covered with a 0.024 m layer of fiberglass insulation (K = 0.048...
A:
The detailed......
Q:
What are the basic principles of business management?
A:
The detailed answer for the above question is provided below The basic principles of business management are fundamental concepts and guidelines that help organizations operate efficiently make inform......
Q:
Recently, some companies have adopted a "no smokers" policy with respect to hiring practices. Is it ethical for employers to discriminate against employees in this manner? Explain. Does your stance...
A:
A no smokers policy cannot be considered to be an actual form of discrimination rather it can be con......
Q:
One of the significant and relevant accounts for this cycle is equipment. For this account, what would typically be the most relevant assertions for the auditor to consider? Why is it important for...
A:
The existence and valuation assertions related to long lived assets are usually t......
Q:
A rocket motor is manufactured by bonding together two types of propellants, an igniter and a sustainer. The shear strength of the bond y is thought to be a linear function of the age of the...
A:
a Yes a simple linear regression model seems p......
Q:
Let L: U V be a linear function, and let W U be a subspace of the domain space. (a) Prove that Y = {L[w] | w W} rng L V is a subspace of the range. (b) Prove that dim Y dim W. Conclude that a...
A:
a First Y rng L since every y Y can be written as y L w for some w W U and so y rng L If y......
Q:
A linear function f: X Y is bounded if X has finite dimension. Rewriting (4), we have that a linear function f is bounded if there exists a constant M For every x X The smallest constant M satisfying...
A:
Let x 1 x 2 x n be a basis for For......
Q:
Using the aggregate expenditures table below, answer the questions that follow. a. Compute the APC when income equals $2,300 and the APS when income equals $2,800. b. Compute the MPC and MPS. c. What...
A:
a When Y 2 300 APC 1 035 When Y 2 800......
Q:
In recent years, the debate over the U.S. economy has been constant. The electorate seems somewhat divided as to whether the economy is in a recovery or not. Suppose a survey was undertaken to...
A:
Source df SS MS F Treatment 2 64 5333 32 2667 15 37 B......
Q:
The shaft is supported by three smooth journal bearings at A, B, and C. Determine the components of reaction at thesebearings. 900 N 600 N 450 N 0,6 m 0.9 m B. 0,9 m 0.9 m 500 N 0.9 m
A:
Equations of Equilibrium From the free body diagram Fig a C......
Q:
What type of accounts are found on the balance sheet?
A:
The asset......
Q:
The 2014 data that follow pertain to Rhondas Revolutionary Eyewear, a manufacturer of swimming goggles. (Rhondas Revolutionary Eyewear had no beginning Finished Goods Inventory in January 2014.)...
A:
Requirement 1 RHONDAS REVOLUTIONARY EYEWEAR Income Statement For the Year Ended December 31 2014 Sal......
Q:
Opting is a Canadian public company. Opting Inc. has a very generous stock option plan that allows all of their long term employees to participate. Sandra has worked for the Company for over 10 years...
A:
Here are the tax effects of the transactions on Sandra s Net Income for Tax Purposes NITP and Taxabl......
Q:
A hospital in a large city plans to build two satellite trauma centers to provide improved emergency service to areas, such as highways and high-crime districts, that have historically demonstrated...
A:
tr mso height source auto col mso width source auto br mso data placement same cell style0 mso number format General text align general vertical align bottom white space nowrap mso rotate 0 mso backgr......
Q:
Every Hilbert space is reflexive.
A:
Let be a Hilbert space Applying the previous exercise a second time is also a Hi......
Q:
Verify that the Shapley value is a feasible allocation, that is, This condition is sometimes called Pareto optimality in the literature of game theory. ieN
A:
iEN vs w S w S i Ys u S w......
Q:
The given pattern continues. Write down the nth term of a sequence {a n } suggested by the pattern. 3, 1, 7, 1. 5, 6'
A:
The terms appear to alternate between whole numbers and fractions If we write the whole......
Q:
The Australian Human Resources Institute (AHRI) is the national association representing human resource and people management professionals. AHRI has over 20,000 members throughout the world and...
A:
Title Key Capabilities for an Excellent HR Manager Introduction The Australian Human Resources Institute AHRI has defined a Model of Excellence that outlines the capabilities and behaviors of an excel......
Q:
Mr. has contributed $161.00 at the end of each 6 months into an RRSP paying 6% per annum compounded quarterly. Question content area bottom Part 1 How much will Mr. have in the RRSP after 18 years?...
A:
Part 1 To calculate the amount Mr will have in the RRSP after 18 years we can use the formula for th......
Q:
You have a new student in your classroom named Isabella. Her parents are Marcus and Maria. The family has recently moved to the area and are first-generation immigrants from Mexico. Marcus is...
A:
In order to communicate effectively with Isabella s family you need to follow a few strategies with......
Q:
You are being asked to provide a written and oral report to persuade me and your classmates to adopt your opinion on a controversial topic: Vegan lifestyle or not? A. A vegan diet is the healthiest...
A:
MEMO To Classmates From Your Name Date Date Subject Controversial Topic Vegan Lifestyle vs Non Vegan Lifestyle Opening Paragraph The purpose of this memo is to present a comprehensive overview of the......
Q:
Singapore firm bought imported turbine from United States. The payment will be made for next three months. The amount of imports was $ 750,000. The chief financial officer of that company bought the...
A:
Given Situation A Singapore firm has imported a turbine from the United States for 750 000 The payme......
Q:
How committed do you think the independent contractors are to Collegiate Promotions? What are some positive features of the independent contractor status for the organization? What might be some...
A:
Not committed to Collegiate Promotions No responsibility no taxes less paper wo......
Q:
A researcher reports a significant two-way between-subjects ANOVA, F(3, 40) = 2.96. State the decision to retain or reject the null hypothesis for this test.
A:
Rejec......
Q:
Husky Company has provided the following information for its most recent year of operation: Cash collected from customers totaled $91,200. Cash borrowed from banks totaled $35,500. Cash paid to...
A:
2 Husky Company has provided the following information for its most......
Q:
Petraeus Fabrication company has provided the following information for the year 2012: actual manufacturing overhead costs incurred:$268000 manufacturing overhead costs allocated to production:...
A:
Solution is given below we know Petraeus s allocation rate is 259200 now checking each......
Q:
Compute ending merchandise inventory and cost of goods sold for Cambridge using the FIFO inventory costing method. The periodic inventory records of Cambridge Prosthetics indicate the following for...
A:
Using FIFO ending merchandise inventory is 558and cost o......
Q:
Figure shows a hypothetical speed distribution for particles of a certain gas: P(v) = Cv2 for 0 v0. Find (a) An expression for C in terms of v0, (b) The average speed of the particles, and (c) Their...
A:
The distribution function gives the fraction of particle......
Q:
Name, describe, and give an example of each class of carbohydrate. What is the main function of each of the three classes?
A:
Carbohydrates are divided into three groups They are 1 Monosaccharides These are simplest carbohydra......
Q:
A client has agreed to invest 100,000 one year from now in a business planning to expand, and she has decided to set aside the funds today in a bank account that pays 7 percent compounded quarterly....
A:
I Draw a time line and recognize that a year consists of four quarterly periods......
Q:
For each of the following lists of premises, derive the conclusion and supply the justification for it. There is only one possible answer for each problem.
A:
Click to View...
Q:
Rayya Co. purchases and installs a machine on January 1, 2013, at a total cost of $105,000. Straight-line depreciation is taken each year for four years assuming a seven- year life and no salvage...
A:
2017 July 1 Depreciation Expense 7 500 Accumulated Depreciation Machinery 7 50......
Q:
From the measurement tools below, circle the one that will help you measure the delay between two hosts. A. traceroute B. nslookup C. nmap D. whois Recall the tit-for-tat incentive principle used by...
A:
The answer provided below has been developed in a clear step by step manner Step1 Answe......
Q:
A leveraged ETF is an exchange-traded fund that uses debtor derivatives as leverage to amplify the returns of a benchmark index. Leveraged ETFs can produce significant short-term gains/losses, such...
A:
Click to View...
Q:
Selbie Manufacturers Ltd sells wooden carvings for $350 each. The direct materials cost per unit is $154 and the direct labour is 1.9 hours per unit at a rate of $23 per hour. Manufacturing fixed...
A:
Here fixed expenses are not mentioned so we......
Q:
The histogram below is based on 50 withdrawals from an automated teller machine (ATM). What is the cumulative relative frequency for withdrawals less than $180? Withdrawals From a National Bank ATM...
A:
klithdrawals C 30 60 frequency Percentagie 4 Relative Relative......
Q:
The payment to Adriennes mother is a permitted child-care expense. The amount of employment-related expense is limited to the lesser of $3,000 (in the case of one qualifying child) or the amount of...
A:
The payment to Adriennes mother is a permitted child care expense The amount of employment relat......
Q:
Define the terms: (i) Standard costing (ii) Standard cost (iii) Standard hours (iv) Variance
A:
i Standard Costing Standard costing is a cost accounting method used by businesses to plan control and analyze their costs It involves setting predete......
Q:
Calculate the labour variances from the following data: Job J (ii) Job K (iii) Job L (iv) Job M (v) Job N (vi) Job O (vii) Job P (viii) Job Q Standard hours 440 230 400 280 136 60 140 200 Actual...
A:
The following are the labour variances from the given data Labour rate variance Standard......
Q:
Calculate the labour variances from the following data: (i) Job a (ii) Job b (iii) Job c (iv) Job d (v) Job e (vi) Job f Standard hours 450 660 150 510 420 810 Actual hours 426 680 140 520 450 780...
A:
The following are the labor variances from the given data Labor rate variance Standard rate A......
Q:
The following information relates to the Brodick group of companies for the year to 30 April 20X7: Additional information: (a) The issued share capital of the group was as follows: Brodick plc:...
A:
To prepare the consolidated profit and loss account for the Brodick group of companies for the year ending 30 April 20X7 you ll need to follow the con......
Q:
M. Lamb is going to set up a new business on 1 April 20X5. She estimates that her first six months in business will be as follows: (i) She will put 60,000 into a bank account for the business on 1...
A:
Cash Budget Month by Month Month Opening Balance Cash Inflows Cash Outflows Net Cash Flow Closing Ba......
Q:
1- In the following reaction: KMNO4 + NazCz04 + H2SO4 + CO2 + MnSO4 + NazSO4 + K2SO4 + H2O What is the mean oxidation cell? i What is the reduction half-cell? What is the value of the equilibrium...
A:
If the standard electrode potential of the......
Q:
PC Contractors, Inc., was an excavating business in Kansas City, Missouri. Union Bank made loans to PC, subject to a perfected security interest in its equipment and other assets, including...
A:
The court held among other things that the equipment belonged to Dean but Union appealed to a state......
Essentials Of Medical Statistics 2nd Edition - ISBN: 0865428719 - Free Book