You bought a racehorse that has had a winning streak for four years,bringing in $500,000 at the end of each year before dying of a heart attack.If you paid $1,518,675 for the horse 4 years ago,what was your annual return over this 4-year period?
A) 8%
B) 33%
C) 18%
D) 12%

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The Answer of You bought a racehorse that has had a winning streak for four years,bringing in $500,000 at the end of each year before dying of a heart attack.If you paid $1,518,675 for the horse 4 years ago,what was your annual return over this 4-year period?
A) 8%
B) 33%
C) 18%
D) 12%

You Bought a Racehorse That Has Had a Winning Streak