How do you figure a return by percent in an account with the balance changing every month?
For example:
5% return for the month on a starting balance of $100,000
1% return for the next month on a starting balance of $90,000
Total return for the 2 months is $5900. What is the percent return for the 2 months?
Thanks
ThinAir
For example:
5% return for the month on a starting balance of $100,000
1% return for the next month on a starting balance of $90,000
Total return for the 2 months is $5900. What is the percent return for the 2 months?
Thanks
ThinAir