Question

You save $5,000.00 and invest 60% of it in stocks while leaving the rest in a savings account earning a 4.9% APR. The stock increases 9% in the first year and loses 4% of its value the second year. What would the gain have been if all of the investment had been left in the savings account?

Answer 1

any idea ? like a first step calcule the 60% of $5000.00