If the average annual stock return is 11. 3%, the average holds a portfolio of $8600 worth 30 years.
It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.
The usage of percentages is widespread and diverse. For instance, numerous data in the media, bank interest rates, retail discounts, and inflation rates are all reported as percentages. For comprehending the financial elements of daily life, percentages are crucial.
It is given that, the average annual stock return is 11. 3% and you begin your investment portfolio with $2,000,
Suppose the amount he earns in one year is x,
x= 11. 3%. of $2,000
x=220
The portfolio be worth 30 years if the average holds are,
=220 × 30
=$ 6600
The net cost is the sum of the return and the initial investment,
=$ 6600 + $ 2000
=$8600
Thus, if the average annual stock return is 11. 3%, the average holds a portfolio of $8600 worth 30 years.
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