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Your Investment Advisor Informs You That You Do Not Need

question 65

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Your investment advisor informs you that you do not need to pay a fee for his services.Instead,he invests your money for one month and keeps all of the proceeds before investing it for you.If your advisor makes and keeps a 1% return on your investment,what is his EAR if the earnings rate could be extrapolated for one year?


Definitions:

Current Law

The body of existing statutes, regulations, and case law as recognized by a legal jurisdiction at the current time.

Digital Detox

The practice of reducing or eliminating the use of digital devices temporarily to decrease stress and improve quality of life.

Productive Hours

The periods during a day in which an individual or workforce is most effective and produces the most output.

Technology

The application of scientific knowledge for practical purposes, especially in industry and digital developments.

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