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
victus00 [196]
2 years ago
9

An investor who was not as astute as he believed invested $263,000 into an account 11 years ago. Today, that account is worth $2

02,800. What was the annual rate of return on this account
Business
1 answer:
Finger [1]2 years ago
6 0

Answer:

-2.33%

Explanation:

An investor who was not as astute as he believed invested $263,000 into an account 11 years ago,

Given that,

Current value of account, future value = $202,800

Value of invested amount, Present value = $263,000

Time = 11 years

Present\ value=\frac{Future\ value}{(1+r)^{n}}

263,000=\frac{202,800}{(1+r)^{11}}

263,000(1 + r) ^ {11} = 202,800

(1 + r) ^ {11} = \frac{202,800}{263,000}\\

(1+r)=(0.7711026616)^{\frac{1}{11}}

(1 + r) = 0.9766466684  

r = 0.9766466684 - 1

 = - 0.02335333157

 = - 2.33%

Therefore, the annual rate of return on this account is -2.33%.

You might be interested in
The section of the continuity plan that provides instructions for all personnel is the:
sesenic [268]
The section of the continuity plan that provides instructions for all personnel is the concept of operations.
8 0
3 years ago
Now Inc. released its annual results and financial statement. Grace is reading the summary in the business pages of today's pape
Goryan [66]

Answer:

c. $71 million

Explanation:

The net income and dividends are the factors responsible for increase an decrease in retained earnings. Net income is added to the retained earnings balance while dividend is deducted from it.

Given the following information about  NOW Inc,

net income = $152 million

Opening retained earnings balance = $459 million

Closing retained earnings balance = $540 million

$459 million + $152 million - Dividends = $540 million

Dividends = $459 million + $152 million - $540 million

Dividends = $71 million

Option c. $71 million

5 0
3 years ago
g A monopolist is considering third degree price discrimination. It estimates that the inverse demand curves of its two potentia
Gnom [1K]
If i know what source i will answer from, i will gladly help
4 0
2 years ago
g When choosing a forecasting technique, a critical trade-off that must be considered is that between: time series and associati
lapo4ka [179]

A critical trade-off which must be considered when choosing a forecasting technique is that between: C. cost and accuracy.

<h3>What is a forecasting technique?</h3>

A forecasting technique can be defined as a process through which predictions can be made about the economy, especially based on macroeconomic and microeconomic conditions such as:

  • GDP
  • Inflation
  • Unemployment

In Economics, cost and accuracy is a critical trade-off which must be considered when choosing a forecasting technique.

Read more on forecasting technique here: brainly.com/question/23009258

#SPJ1

7 0
2 years ago
Jake is in the stands at a football game with his girlfriend. He decides that he needs to ask her something very personal, so he
kenny6666 [7]
Jake has changed the SOCIAL PSYCHOLOGICAL CONTEXT.
Context refers to the environment in which communication take place. There are four types of context, which are: cultural, temporal, physical and social psychological context.
Social psychological context refers to the formality or informality of the situation depending on the relationship between the two people that are communicating.<span />
4 0
2 years ago
Read 2 more answers
Other questions:
  • Wu Company incurred $97,200 of fixed cost and $111,600 of variable cost when 3,100 units of product were made and sold. If the c
    11·1 answer
  • An employer who fires an, at will employee in a public and humiliating manner may be liable to the employee for intentional infl
    5·1 answer
  • The HIM director hired an HIM data integrity analyst. This is a new position with a newly created job description. The director
    6·1 answer
  • In an analysis of the market for paint, an economist discovers the facts listed below. State whether each of these changes will
    15·1 answer
  • The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. Prepare a trial bal
    5·1 answer
  • Which of the following are true regarding profits, revenues, and costs? Choose one or more: A. total costs = implicit costs + ex
    8·1 answer
  • Ladder Works has debt outstanding with a coupon rate of 6 percent and a yield to maturity of 6.8 percent. What is the aftertax c
    9·1 answer
  • The types of management skills​
    15·1 answer
  • As a consumer, why is it good for us when a store has a surplus of an item we want?
    10·2 answers
  • 1.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!