Calculate the amount of return you would earn if the $4,950 were invested for on

Question

Calculate the amount of return you would earn if the $4,950 were invested for one year at 7%. (Round your answer to nearest whole number. Omit the "$" sign in your response.)

Calculate the net amount of return you would earn if $3,000 were borrowed at a cost of 17%, and then $7,950 were invested for one year at 9%. (Round your answer to nearest whole number. Omit the "$" sign in your response.)

Calculate the net rate of return on your investment of $4,950 if you accept the strategy of part b.(Round your intermediate calculations to nearest whole dollar amount and final percentage answer to 2 decimal places. Omit the "%" sign in your response.)

DO NOT SOLICIT!! PLEASE SHOW HOW TO CALCULATE SO I CAN LEARN

you have accumulated $4,950 and are looking for the best rate of return that can be earned over the next year. A bank savings account will pay 7%. A one-year bank certificate of deposit will pay 9%, but the minimum investment is $7,950.

Explanation / Answer

a.

Amount
4950 Return 7% 346.5

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