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17 July, 21:55

18 years after purchasing shares in a mutual fund for $6300, the shares are sold for $11200 what is the total return and the annual return percentage

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  1. 17 July, 22:09
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    A = 11,600

    P = 6,000

    Total return = 11600-6000/6000 X 100% = 93.3% = (11600/6000) (1/17) - 1 = 0.03954 * 100% = 3.954 = 4.0%.
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