Question: You invested $ 7 , 0 0 0 in the stock market four years ago; today, the investment is valued at $ 4 , 4

You invested $7,000 in the stock market four years ago; today, the investment is valued at $4,440. What was your average return over these three years? What return would you need to get next year to break even?
You invested $ 7 , 0 0 0 in the stock market four

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!