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

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Mathematics

Janiya Meyer

16 January, 19:16

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

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Payton Tapia · 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