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Suppose an investment offers to triple your money in 12 months (don't believe it). What rate of return per quarter are you bein...Asked by Helen
Suppose an investment offers to triple your money in 36 months (don’t believe it). What rate of return per quarter are you being offered
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Answered by
Reiny
let the quarterly rate be i
then
1(1+i)^12 = 3
(1+i) = 3^(3/12) = 3^(1/4) = 1.316
i = .316
or
appr 31.6 % per quarter, or appr 126.4% per annum
quickly, tell me who is giving us that, I have a few dollars to invest.
then
1(1+i)^12 = 3
(1+i) = 3^(3/12) = 3^(1/4) = 1.316
i = .316
or
appr 31.6 % per quarter, or appr 126.4% per annum
quickly, tell me who is giving us that, I have a few dollars to invest.
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