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3 years ago

Andrew invested $20,000 in mutual funds and received a sum of $35,000 at the end of the investment period. Calculate the ROI.

1 answer:

5 0

Answer: $15,000

As $35,000-$20,000=$15,000.

That's basically the profit he had made, or the return on his investment (ROI).

As he already had $20,000, he had "only" made $15,000.

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Ricky Bobby wants to buy a new automobile for $55,000 in 8 years. How much money must Ricky's original investment be if he makes

laila [671]

Answer:

PV= $40,279.36

Step-by-step explanation:

Giving the following information:

Number of periods= 8*12= 96 months

Interest rate= 0.039/12= 0.00325

Future value (PV)= $55,000

<u>To calculate the initial investment, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= 55,000 / (1.00325^96)

PV= $40,279.36

4 0

2 years ago

The following is an example of 5x2

beks73 [17]

Answer:

Step-by-step explanation:

8 0

2 years ago

Read 2 more answers

When multplying negative exponents

musickatia [10]

What’s the question?

4 0

2 years ago

Here is a situation: I have $5. I save $2 each week. How many weeks do I need to save until I have at least $50? Write the inequ

Irina18 [472]

22 weeks because you already have 5 dollars so the other answer is wrong

7 0

2 years ago

An arrow on a spinner is spun 250 times. Some of the results are shown below. The relative frequency of landing on a 4 is the sa

N76 [4]

Answer:

11/50

Step-by-step explanation:

The frequency numbers for landing on 1, 2, and 3 are:

25, 53, 62.

We add them up to get: 25 + 53 + 62 = 140

Since 250 spins were made, and 140 of them landed on 1, 2, or 3, then

250 - 140 = 110,

so 110 landed on 4 or 5.

We are told the numbers of spins landing on 4 and 5 are equal, so

110/2 = 55,

so the spinner landed 55 times on 4 and 55 times on 5.

relative frequency = 55/250 = 11/50

5 0

2 years ago