Question

Compute the total and annual returns on the following investment. Sixteen years after purchasing shares in a mutual fund for $62000, the shares are sold for $11,000

Name: compute the total and annual returns on the following investment sixteen years after purchasing shares in a mutual fund for 62000 the shares are sold for 11000 22302
Uploaded: 2023-04-03T03:34:06-08:00
Duration: 1 min 50 s
Channel: Supreeta N
Description: compute the total and annual returns on the following investment sixteen years after purchasing shares in a mutual fund for 62000 the shares are sold for 11000 22302

          Compute the total and annual returns on the following investment. Sixteen years after purchasing shares in a mutual fund for $62000, the shares are sold for $11,000

Added by Emilia H.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Supreeta N

04/03/2023

Step 1

To do this, subtract the initial investment amount from the final sale amount: Total Return = Final Sale Amount - Initial Investment Amount Total Return = $11,000 - $62,000 Total Return = -$51,000 Show more…

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Compute the total and annual returns on the following investment. Sixteen years after purchasing shares in a mutual fund for $62000, the shares are sold for $11,000