|
Title: Mr. Jones, an elderly man living on his retirement, pulls $100,000 from certificates of deposit (CDs Post by: Sublight2097 on Jun 20, 2015 Mr. Jones, an elderly man living on his retirement, pulls $100,000 from certificates of deposit (CDs), which were returning an annual rate of return of 5%. He thinks the credit freeze is over and stock markets are headed up, but ends up losing 40% in his first year of investing. What was Mr. Jones's rate of economic profit?
A) 5% B) 35% C) -35% D) -40% E) -45% Title: Re: Mr. Jones, an elderly man living on his retirement, pulls $100,000 from certificates of deposit Post by: Chimelo46 on Aug 14, 2015 Content hidden
Title: Re: Mr. Jones, an elderly man living on his retirement, pulls $100,000 from certificates of deposit (CDs Post by: Sublight2097 on Aug 31, 2015 I've noticed they use a lot of trickery with their questions. Thank you for your input.
Title: Re: Mr. Jones, an elderly man living on his retirement, pulls $100,000 from certificates of deposit (CDs Post by: Chimelo46 on Aug 31, 2015 The textbook reference in your signature really helped me narrow it down.
Happy to help ;) |