OpenStax, Contemporary Mathematics §6.7 Investments · Example 10 · Arithmetic · Money & interest
Investments · Example 10
Haniah buys stock in the ABC company, investing a total of $13,000. After 20 years, the stock is worth $132,293.49, including reinvestment of dividends.
(a) What is Haniah’s return on investment?
(b) What is Haniah’s annual return?
OpenStax, Contemporary Mathematics · §6.7 Investments · Example 10
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