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VashaNatasha [74]
4 years ago
12

An investor who was not as astute as he believed invested $264,500 into an account 12 years ago. Today, that account is worth $2

04,000. What was the annual rate of return on this account
Business
1 answer:
valina [46]4 years ago
4 0

Answer:

-19.061%

Explanation:

interest earned= principal x time x interest rate

Interest earned = $264,500 - $204,000 = $-60,500

$-60,500 = $264,500 x 12 x interest rate

interest rate = -0.19061 = -19.061%

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A company's common stock shares are expected to bring a 13 % return to their investors in case of "recession" state of the econo
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