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Dvinal [7]
3 years ago
13

For an investment of $26,245, a quarterly statement reports that the account balance is $26,292. The statement also reports that

for the same quarter, the rate of return on the investment was -0.02%. Given the information regarding the investment's current balance, does the reported rate of return seem reasonable? Use complete sentences to explain your answer.
WRITER
Mathematics
1 answer:
Paul [167]3 years ago
6 0
No, it does not seem reasonable. The quarterly statement reports an increase of $47, so it would be a positive rate of return on the investment instead of a negative rate.
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