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Alex
3 years ago
9

An investor has researched financial information for Fried Chicken Corporation over the past three years. He has provided you a

report with the returns for the company. YEAR RETURN 2016 4.62% 2017 6.73% 2018 14.13% The investor put $996.00 into Fried Chicken at the beginning of 2016. Based on the investment in Fried Chicken Corporation at the beginning of 2016, what would your investment be worth now
Business
1 answer:
DerKrebs [107]3 years ago
5 0

Answer:

Value of investment today = 1269.2886 rounded off to 1269.29

Explanation:

The value of investment today ccan be calculated by multiplying the investment by the returns received over the periods. We can calculate the value of investment as follows,

Value of investment today = Initial Investment  *  (1 + return in first year)  *  

(1 + return in second year)  *  (1 + return in third year)

Value of investment today =  996  *  (1+4.62%)  *  (1+6.73%)  *  (1+14.13%)

Value of investment today = 1269.2886 rounded off to 1269.29

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A local art gallery keeps information on its customers regarding their preferences forcertain artists as well as the style of ar
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3 years ago
A customer places an order to buy 1,000 shares of a stock at $40. The registered representative enters the order. After executio
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3 0
3 years ago
The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000,
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Answer:

The simple rate of return on the investment is closest to 19.16%

Explanation:

In order to calculate the the simple rate of return on the investment we would have to use the following formula:

simple rate of return = <u>Annual incremental net operating income</u>

                                                  Initial investment

<u />

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The simple rate of return on the investment is closest to 19.16%

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3 years ago
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