Solved

Adam Gross Invested $2,500 on July 1,2009,and in Return He

Question 18

Multiple Choice

Adam Gross invested $2,500 on July 1,2009,and in return he received a total of $2,850,which he collected on July 1,2010.The rate of return on Adam's investment was:


A) 13.1%
B) 12.3%
C) 7.1%
D) 14.0%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q13: You are trying to decide whether to

Q14: Susan Ivanova has just accepted a position

Q15: On January 1,2008,BP Company purchased equipment on

Q16: Explain the difference between "return of investment"

Q17: Given a 10% interest rate compounded semiannually,the

Q19: How much would you loan someone today,January

Q20: Which of the following should be used

Q21: Why does the future value of an

Q22: You have just purchased a new Corvette

Q23: Art Burtscher has a choice of investing