1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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%.

You might be interested in
In coming years, high-tech growth areas such as computers, biotechnology, and robots are likely to experience a:
Sergio039 [100]

Answer:

C. shortage of skilled labor.

Explanation:

The invention of high-tech (computers, biotechnology, robots, drones, self driving vehicles and so an) is reducing the involvement of skill human labor which will continue incoming years. For example humans carryout the task of carrying-out calculation several years ago, but in recent years computers carry out such works and at a faster pace. Also routine human works such as arranging, bottling, pasting of labels can be carried-out by well programmed out and trained robots. These and many more will cause the shortage of labor(human) in coming years.

5 0
3 years ago
The following budget information is available for the Arch Company for January Year 2: Sales $ 860,000 Cost of goods sold 540,00
igomit [66]

Answer and Explanation:

The computation of the total budgeted selling and administrative expenses is shown below;

Utilities expense $2,800

Administrative salaries $100,000

Sales commissions 5 % of sales i.e. 5% of $860,000  $43,000

Advertising $20,000

Depreciation on store equipment $50,000

Rent on administration building $60,000

Miscellaneous administrative expenses $10,000

total budgeted selling and administrative expenses $285,800

3 0
3 years ago
How does income inequality affect American taxpayers
nikdorinn [45]
If the tax system in the US is progressive, then those with lower income will pay proportionally less than those with higher income as the latter will have a higher tax rate but in fact the rich people usually have or find a lot of tax loopholes to reduce their taxes so may still not be paying a fair share of their taxes compared to the poor people who don't have these loopholes.
3 0
3 years ago
True or faults caffeine and other energy boosters can be used to effectively compensate for fatigue
Zina [86]

True because coffee and other drinks can last up to hours of energy

7 0
2 years ago
Read 2 more answers
According to the chart, the initial monthly payment Demarco and Tanya should anticipate paying on principal and interest is ____
NeX [460]

Answer:

1. B. $811

2. C. $1,211

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • The following information pertains to Ash Co., which prepares its statement of cash flows using the indirect method: Interest pa
    10·1 answer
  • Which of these factors would be considered when making a location decision at the region/community level?
    11·1 answer
  • Suppose a country's annual growth rate of real gdp per capita is approximately 2%. by which year would the country double its re
    8·1 answer
  • Ted was just promoted to a managerial position and feels that he needs to buy a new luxury car and join the country club in orde
    8·1 answer
  • The 1st response total is theory X, the second response total is theory Y. Read " Leadership Matters" by Thomas Cronin and Micha
    14·1 answer
  • If actual output exceeds potential output, the economy: Multiple Choice is experiencing an inflationary gap. is in neither a sho
    10·1 answer
  • What is the difference between an invoice and a purchase order?
    8·1 answer
  • Decide which business structure makes the
    8·1 answer
  • The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credit
    5·1 answer
  • Kushman Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inven
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!