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k0ka [10]
3 years ago
15

You have been investing $300 a month for the last 8 years. Today, your investment account is worth $43,262. What is your average

rate of return on your investments?
Business
1 answer:
sdas [7]3 years ago
5 0

Answer:

Having invested $ 300 per month for the past 8 years, the total accumulated investment amount would be $ 28,800 (8 x 12 x 300). Now, having a total amount of $ 43,262, we find an increase of $ 14,462, which corresponds to the interest accumulated during said period. To know the percentage of the increase, we must perform a cross multiplication:

28,800 = 100

14,462 = X

(14,462 x 100) / 28,800 = X

1,446,200 / 28,800 = X

50.21 = X

As we can see, the investment had an increase of 50.21% during these 8 years. Now, the average increase in investment arises from the division of the total percentage of increase by the number of years. So, given that 50.21 / 8 = 6.27, the average annual return rate of this investment is 6.27%.

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I believe the answer is A
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Where are endnotes positioned in a document?
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One hypothesis for declining productivity growth rates since the Great Recession is that technological progress has been so rapi
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False

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3 years ago
A monopolist A. can charge whatever price it wants because it is the only firm producing the good. B. can usually keep price equ
Igoryamba

Answer: A monopolist "C. is constrained in its pricing decisions by the demand curve it faces."

Explanation: The market demand curve (negative slope) for a company that exercises a monopoly position is very important, since it is the one that marks the limit to its decision making. For example, a company that would like to increase its price to the highest possible level could do so, but as the price increases, the quantity it sells is reduced, with which the maximum possible price would lead it to have a demand of zero. On the other hand, if you want to produce as much as possible, again the demand curve works as a border, because for the demand in the market to acquire a greater amount, the price at which you must sell your product is reduced, to the point in that it can meet all the demand at the intersection in the demand curve on the horizontal axis, but at this level the price of the product should be zero. Then it is clear that the demand in the market marks an important restriction for the company to choose an amount or the price at which it will produce.

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