document.write( "Question 1148418: Ken bought 100 shares of a stock for Php50,840.A year later,he sold the stock for Php490.20 a share and paid the broker 1 1/2% commission. Considering that he could have placed the Php50,840 in a time deposit that pays 3% interest in a year,was choosing to invest in stocks the better decision? \n" ); document.write( "
Algebra.Com's Answer #769814 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Even before the broker's commission, he lost money on the stocks. The time deposit with a 3% interest rate would have made his money grow. \n" ); document.write( "So obviously the stocks was not a better decision. \n" ); document.write( "...Assuming, of course, that his intent was to have his money grow....! \n" ); document.write( " \n" ); document.write( " |