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adoni [48]
3 years ago
7

An investment earns 35% the first year, earns 40% the second year, and loses 37% the third year. The total compound return over

the 3 years was ______. Multiple Choice 158.93% 19.07% 38.00% 6.36%
Business
1 answer:
svetoff [14.1K]3 years ago
7 0

Answer:

19.07%

Explanation:

The computation of the total compound return over the 3 years is shown below:

= (1 + investment percentage earned in first year) × (1 +  investment percentage earned in second year)  × (1 +  investment percentage loss in second year)

= (1 + 0.35) × (1 + 0.40) × (1 - 0.37)

= 1.35 × 1.40 × 0.63

= 1.1907

= 19.07%

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2 years ago
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6 0
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What is an opportunity cost
xxMikexx [17]

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B

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7 0
2 years ago
a commercial bank has $1,000,000 of customer checking deposits and actual reserves of $300,000. if the reserve ratio is 20 perce
alexira [117]

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