Suresh invests $15,000.00 in a mutual fund. The mutual fund returns for the next 5 years are given by: Time Return 0 4.300% 1 8.250% 2 8.250% 3 -3.110% 4 -2.120% Compute the average annual ROI. a.r = 3.197%. b.r = 3.117%. c.r = 2.997%. d.r = 3.027%. e.r = 2.937%.
Suresh invests $15,000.00 in a mutual fund. The mutual fund returns for the next 5 years are given by: Time Return 0 4.300% 1 8.250% 2 8.250% 3 -3.110% 4 -2.120% Compute the average annual ROI. a.r = 3.197%. b.r = 3.117%. c.r = 2.997%. d.r = 3.027%. e.r = 2.937%.
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
Problem 12P
Related questions
Question
Suresh invests $15,000.00 in a mutual fund. The mutual fund returns for the next 5 years are given by:
Time | Return |
---|---|
0 | 4.300% |
1 | 8.250% |
2 | 8.250% |
3 | -3.110% |
4 | -2.120% |
a.r = 3.197%.
b.r = 3.117%.
c.r = 2.997%.
d.r = 3.027%.
e.r = 2.937%.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning