For the given investment, assume that there is no opportunity for reinvestment of returns. Find the monthly return,
annual return, or annual percentage return as indicated.
-$$\begin{array} { c c }
\text { Amount } & \text { Monthly Percentage } \
\text { Invested } & \text { Return } \
\$ 4281 & 0.57 \%
\end{array}$$ Find the annual percentage return.
A)292.82%
B)6.84%
C)5.7%
D)7.06%

Question

For the given investment, assume that there is no opportunity for reinvestment of returns. Find the monthly return,
annual return, or annual percentage return as indicated.
-$$\begin{array} { c c } 
\text { Amount } & \text { Monthly Percentage } \
\text { Invested } & \text { Return } \
\$ 4281 & 0.57 \%
\end{array}$$ Find the annual percentage return.
A)292.82%
B)6.84%
C)5.7%
D)7.06%

Quizplus · Accepted Answer

The monthly return is 0.57%. To find the annual percentage return, multiply the monthly return by 12 (0.57% * 12 = 6.84%).