document.write( "Question 260468: Compute the total and annual returns on the described investment.
\n" ); document.write( "Five years after buying 150 shares of XYZ stock for $60 per share, you sell the stock for $14,400.
\n" ); document.write( "the total return is ___% \n" ); document.write( "
Algebra.Com's Answer #191861 by checkley77(12844)\"\" \"About 
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14,400=150*60(1+R)^5
\n" ); document.write( "14,400=9,000(1+R)^5
\n" ); document.write( "14,400/9,000=(1+R)^5
\n" ); document.write( "1.6=(1+R)^5
\n" ); document.write( "5THRT(1.6)=1+R
\n" ); document.write( "1.09856=1+R
\n" ); document.write( "R=1.09856-1
\n" ); document.write( "R=.09856 OR 9.856% ANS.
\n" ); document.write( "PROOF:
\n" ); document.write( "150*60(1+.09856)^5=14,400
\n" ); document.write( "9,000(1.09856)^5=14,400
\n" ); document.write( "9,000*1.6=14,400
\n" ); document.write( "14,400=14,400\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "
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