Complete the attached worksheet. Please show all work
1. Rose invests $20,000 in a real estate deals and earns $400/month for the first year. What is her return on investment?
2. If you double your investment in a year, what is your ROI?
3. Dave wants to take a year off work and has determined to accumulate enough savings to be able to withdraw $1500/month during that year. He has 4 years to accomplish this goal and can earn 4 ¾% interest on his savings. How much does he need to deposit each month to achieve this goal?