Friday
December 19, 2014

Homework Help: Math

Posted by Tiffany on Sunday, May 18, 2008 at 2:23pm.

Purchased $10,000 in stock, invested $5000 of own money, borrowed remaining $5000 at 8% interest. Stock increases by 10%, what is the rate of the investor's return? I calculated 12%, is that correct?

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