Answer:
$6,789 at an interest rate of 8.123% for 15 years
Explanation:
As in the question, it is mentioned that there are two investment options who are compounded annually and the invested amount is also the same but the rate of the interest is different. In the first investment option, the rate of interest is 7.345% and in the second option, the rate of interest is $8.123%
The higher rate of interest, the better investment option it was as it gives the highest return as compare to the first investment option
Answer: low sugar recipes
Explanation: I just took the quiz
Answer:
TV 1,955
REMOTE 115
INSTALLATION 230
Explanation:
We are going to calculate the total sum of the element of the offer and then cross-multiply
![\left[\begin{array}{ccc}$TV&2040&a\\$Remote&120&b\\$Installation&240&c\\$Total&2400&2300\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D%24TV%262040%26a%5C%5C%24Remote%26120%26b%5C%5C%24Installation%26240%26c%5C%5C%24Total%262400%262300%5C%5C%5Cend%7Barray%7D%5Cright%5D)
The rate of return did an investor receive on the fund last year is : 8.87%.
<h3>Rate of return</h3>
Using this formula
Rate of return=(Dec fund's NAV -Jan fund's NAV +Income distribution+Capital gain distribution)/Jan fund's NAV
Let plug in the formula
Rate of return = ($23.15 - $23.00 + $.63 + $1.26)/$23.00
Rate of return =$2.04/$23.00×100
Rate of return = 8.87%
Therefore the rate of return did an investor receive on the fund last year is : 8.87%.
Learn more about rate of return here:brainly.com/question/24301559
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