Question

For a investment of 26,245 , a quarterly statement reports that the account balance is 26,292 . The statement also reports that for the same quarter, the rate of return on the investment was - 0.02 . Given the information regarding the investments quarterly activity , is the reported rate of return reasonable ? Use complete sentences to explain

Answer 1

For an investment of $26,245, a quarterly statement reports that the account balance is $26,292. The statement also reports that for the same quarter, the rate of return on the investment was - 0.02%. Given the information regarding the investment's quarterly activity, is the reported rate of return reasonable? No the return rate should be %3.00