Asked by Jackie
An insurances fund invests $70,600 in real estate and earns 14% per year on the investment. How much money is earned per year? Can you please help me i have answer i out 9884 but it gives 98,840 so that doesnt match?
Answers
Answered by
Damon
Your answer is correct
98,840 is more than the principal, clearly wrong.
perhaps they mean in ten years?
98,840 is more than the principal, clearly wrong.
perhaps they mean in ten years?
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