Compute the total and annual returns on the following investment. Nineteen years after purchasing shares in a mutual fund for $5700, the shares are sold for $11,800. The the total return is%. (Do not round until the final answer. Then round to one decimal place as needed.)

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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Compute the total and annual returns on the following investment.
Nineteen years after purchasing shares in a mutual fund for $5700, the shares are sold for $11,800.
The the total return is%.
(Do not round until the final answer. Then round to one decimal place as needed.)
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Transcribed Image Text:Compute the total and annual returns on the following investment. Nineteen years after purchasing shares in a mutual fund for $5700, the shares are sold for $11,800. The the total return is%. (Do not round until the final answer. Then round to one decimal place as needed.) Get more help Clear all Check answer
Compute the total and annual return on the following investment.
Five years after paying $3800 for shares in a startup company, you sell the shares for $2200 (at a loss).
The total return is %.
(Do not round until the final answer. Then round to the nearest tenth as needed.)
Transcribed Image Text:Compute the total and annual return on the following investment. Five years after paying $3800 for shares in a startup company, you sell the shares for $2200 (at a loss). The total return is %. (Do not round until the final answer. Then round to the nearest tenth as needed.)
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