omaraden904 omaraden904

17-04-2024
Mathematics

Answered

Assume that at the beginning of the year, you purchase an investment for $5,420 that pays $132 annual income. Also assume the investment’s value has decreased to $5,020 by the end of the year.

What is the rate of return for this investment?
Is the rate of return a positive or a negative number?

Answer :

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