Janetteacher5
Aug 15, 2010, 08:40 PM
Can someone please answer this question typed out with their work on how they did it? Thank you
'C' pays $61 per unit per year. An investor bought five units of 'C' at $1000 each, five units, at $995 each, and five more units at $980 each. Then the investor bought five more units so that the total return on investment is 6.1%. How much did the investor pay for each of the last five units?
A. $1075
B. $1050
C. $1000
D. $1025
'C' pays $61 per unit per year. An investor bought five units of 'C' at $1000 each, five units, at $995 each, and five more units at $980 each. Then the investor bought five more units so that the total return on investment is 6.1%. How much did the investor pay for each of the last five units?
A. $1075
B. $1050
C. $1000
D. $1025