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17 August, 14:53

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?

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  1. 17 August, 15:11
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    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 rate should be 3.00%
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