Question:
You bought a racehorse that has had a winning streak for six years, bringing in $250,000 at the end of each year before dying of a heart attack. If you paid $1,155,720 for the horse 4 years ago, what was your annual return over this 4-year period?
Answers:
A. 12%
B. -8%
C. 18%
D. 33%
I got -8% want to make sure I’m doing this correctly.
Thanks
