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natka813 [3]
3 years ago
8

For an investment of $26,245,a quarterly statement reports that the account balance is $26,292. The statement also reports that

for the same quarter, the rate of return on the investment was -0.02% does the reported rate of return seem reasonable
Mathematics
1 answer:
astraxan [27]3 years ago
7 0

Answer:

For an investment of $26,245, a quarterly statement reports that the account balance is $26,292. The statement also reports that for the same quarter, the rate of return on the investment was - 0.02%. Given the information regarding the investment's quarterly activity, is the reported rate of return reasonable? No the rate should be 3.00%

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