menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Finance Applications and Theory Study Set 3
  4. Exam
    Exam 4: Time Value of Money 1: Analyzing Single Cash Flows
  5. Question
    What Annual Rate of Return Is Earned on a $900
Solved

What Annual Rate of Return Is Earned on a $900

Question 106

Question 106

Multiple Choice

What annual rate of return is earned on a $900 investment when it grows to $2,500 in 15 years?


A) 1.78 percent
B) 2.78 percent
C) 6.58 percent
D) 7.05 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q101: When calculating the number of years needed

Q102: What is the future value of $1,000

Q103: What annual rate of return is earned

Q104: A deposit of $300 earns interest rates

Q105: A stock investor deposited $3,450 six years

Q107: How many years will it take $200

Q108: Which of the following is the equivalent

Q109: Which is more valuable, receiving $775 today

Q110: What is the value in year 5

Q111: What annual rate of return is earned

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines