关于effective annual rate的美国数学题Steven purchased 1000 shares of a certain stock for $30,000 (including commissions).He sold the shares 2 yr later and received $34,400 after deducting commissions.Find the effective annual rate of return o
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![关于effective annual rate的美国数学题Steven purchased 1000 shares of a certain stock for $30,000 (including commissions).He sold the shares 2 yr later and received $34,400 after deducting commissions.Find the effective annual rate of return o](/uploads/image/z/14490354-66-4.jpg?t=%E5%85%B3%E4%BA%8Eeffective+annual+rate%E7%9A%84%E7%BE%8E%E5%9B%BD%E6%95%B0%E5%AD%A6%E9%A2%98Steven+purchased+1000+shares+of+a+certain+stock+for+%2430%2C000+%28including+commissions%29.He+sold+the+shares+2+yr+later+and+received+%2434%2C400+after+deducting+commissions.Find+the+effective+annual+rate+of+return+o)
关于effective annual rate的美国数学题Steven purchased 1000 shares of a certain stock for $30,000 (including commissions).He sold the shares 2 yr later and received $34,400 after deducting commissions.Find the effective annual rate of return o
关于effective annual rate的美国数学题
Steven purchased 1000 shares of a certain stock for $30,000 (including commissions).He sold the shares 2 yr later and received $34,400 after deducting commissions.Find the effective annual rate of return on his investment over the 2-yr period.(Round your answer to two decimal places.)
关于effective annual rate的美国数学题Steven purchased 1000 shares of a certain stock for $30,000 (including commissions).He sold the shares 2 yr later and received $34,400 after deducting commissions.Find the effective annual rate of return o
presume effective annual rate=x
30(1+x)²=34.4,
x=0.07(two decimal places.)