Question

Compute the total and annual return on the following investment.

Three years after paying ​$3300

for shares in a startup​ company, you sell the shares for $2600 ​(at a​ loss).

The total return is ______​%.

​(Do not round until the final answer. Then round to the nearest tenth as​ needed.)

The annual return is _____​%.

​(Do not round until the final answer. Then round to the nearest tenth as​ needed.)

Answer 1

Three years after paying ​$3300

for shares in a startup​ company, you sell the shares for $2600​

old value =3300

new value = 2600

.

total return is given by

..................total return

(Note: here negative sign indicates loss)

.

here number of years are 3 so annual return is given by

..................annual return

(Note: here negative sign indicates loss)