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choose the correct answer, note that four wrong answers will cancel one correct answer (i
choose the correct answer, note that four wrong answers will cancel one correct answer (i.e. each wrong answer will be penalized by -1.25 pts.): [5 pts. ] Which one of the following 1-year investments has the highest rate of return? Select one: a. $ 145,000 that yields $25,551 interest b. $ 105,000 that yields $35,448 interest C. $235,000 that yields $45,342 interest d. $220,000 that yields $34,683 interest
Expert Solution
B) $ 105000 that yield $ 35448 Interest
B is having highest rate of return because b is earning 33.76 %
Rate of return = (Interest ÷ Investment) × 100
= ($ 35448 ÷ $ 105000) × 100
= 33.76 %
While A is earning = 17.62% ,C is earning 19.29% ,D is earning = 15.77%
Hence b is having highest rate of return
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