Jill pays $15,500 for shares in a new company. She sells the shares 8 years later for $12,500. What was her total return on this
investment? Round your answer to the nearest tenth of a percent.The Total Return on Jill's investment is %____
1 answer:
Explanation:
The formula for getting the ROI or Return of Investment is:
In the problem, the initial value is $15,500 while the final value is $12,500.
Plugging these data into the formula above, we get:
Then, simplify.
Answer:
The total return on Jill's investment is -19.4%.
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