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]
3 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]3 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
What does it mean to set up an ""automatic deposit"" and why is this a good savings strategy?
Anna71 [15]

Answer:

It is an Eletronic Payment Method

Explanation:

An automatic deposit is a payment processing option where funds are deposited directly into the recipients' bank account. It is an electronic service applied in paychecks, tax refunds, and pensions. Individuals can set up such a service with their banks or employers.

As a saving strategy, an employee instructs the employer to make automatic payments to their savings account. The employee will decide the amount they want to save. The amount is deducted from their pay and send to their savings account. Business people can also instruct their bank to deduct a certain amount from the business account and send it to their savings account.

This strategy is suitable for saving because it's efficient. The amount meant for savings will not be available for other purposes. The automatic deposit system ensures the amount intended for saving is saved.

5 0
3 years ago
The existence of conflict is an inevitable part of group dynamics.true or false
Elden [556K]

Answer:

The statement is true

Explanation:

Group dynamics is a system of processes of psychological and behaviours which is occurring within a social group. As group is of two or more people so they have different behaviour or act upon differently. So, there is existence of conflict is an inevitable or unavoidable is a part of the group dynamics.

It could happen when the group does not agree on single decision or to act in favour.

4 0
3 years ago
Which of the following is not a fee that contributes to the initial cost of leasing a car? a. First payment b. Final payment c.
Darya [45]

The final payment is <u><em>not </em></u>a fee that contributes to the original cost of leasing an automobile, option B is the correct answer.

<h3 /><h3>How is leasing charged?</h3>

The first payment is, predictably, the same as one month's rent.

A lender or lessor will impose an acquisition fee to offset the costs of establishing a loan or lease agreement.

A disposition fee, sometimes known as a turn-in fee, is a cost associated with returning a rented vehicle.

Therefore, final payment doesn't contribute to leasing a car.

For more information about leasing, refer below

brainly.com/question/1059164

6 0
2 years ago
Read 2 more answers
Boise Timber Co. computes its break-even point strictly on the basis of cash expenditures related to fixed costs. Its total fixe
JulsSmile [24]

Answer:

285,000 units

Explanation:

The computation of the cash break-even point of sales units is shown below:

Cash break-even point = (Fixed cost - depreciation) ÷ (contribution margin per unit)

where,

Fixed cost = $7,600,000

Depreciation = $7,600,000 × 0.25% = $1,900,000

And, the contribution margin per unit is $20

So, the cash break-even point of sales units is

= ($7,600,000 - $1,900,000) ÷ ($20)

= 285,000 units

8 0
3 years ago
What report do you receive after you complete the FAFSA?
suter [353]

Answer:

B) Student Aid Report (SAR)

Explanation:

This is the report you get after completing the government provided FAFSA.

3 0
3 years ago
Read 2 more answers
Other questions:
  • I'm doing a speech on drunk driving and idk what to use as a prop or visual aid that I can integrated into my speech. It can't b
    13·2 answers
  • Merry Maidens Cleaning generally charges $300 for a detailed cleaning of a normal-size home. However, to generate additional bus
    14·1 answer
  • What is judical settlement<br>​
    7·1 answer
  • Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to pr
    12·1 answer
  • Utica Company’s net accounts receivable was $250,000 at December 31, 2016, and $300,000 at December 31, 2017. Net cash sales for
    6·2 answers
  • An international calling plan charges a rate per minute plus a flat fee. a 10-minute call to france costs $3.19. a 15-minute cal
    7·1 answer
  • Sedentary muscles should be braised to make them become tender.
    13·1 answer
  • Which best compares and contrasts the teaching and training careers and the professional support careers? Both careers try to su
    14·2 answers
  • How did the oil and gas industry improve louisiana’s economy?.
    10·1 answer
  • One thing that helps incumbents win reelection is ______________, which might include federal spending projects benefiting state
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!