You buy a car for $26,450. Because you now have reliable transportation, you are able to obtain a job and earn $10,860 in your first year. Calculate your return on investment for that year. -59% 59% -5.9% O -.59

College Algebra
1st Edition
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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You buy a car for $26,450. Because you now have reliable
transportation, you are able to obtain a job and earn $10,860 in
your first year.
Calculate your return on investment for that year.
-59%
59%
-5.9%
O -.59
Transcribed Image Text:You buy a car for $26,450. Because you now have reliable transportation, you are able to obtain a job and earn $10,860 in your first year. Calculate your return on investment for that year. -59% 59% -5.9% O -.59
Lauren has $100 in a savings account that earns 10% interest
annually.
How much interest will she earn in 2 years?
O $2
O $20
O $200
O $0.20
Transcribed Image Text:Lauren has $100 in a savings account that earns 10% interest annually. How much interest will she earn in 2 years? O $2 O $20 O $200 O $0.20
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