Multiple Choice
One year ago, you invested $5,000. Today, your investment is worth $6,178.40. What rate of interest did you earn?
A) 16.23%
B) 16.45%
C) 22.18%
D) 23.57%
E) 24.09%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q260: Kurt invests $1,000 at a 10% rate
Q261: The price of gold has gone from
Q262: The present value will increase the higher
Q263: Chia Burgers began operations by opening 115
Q264: You deposit $1,000 in a retirement account
Q266: You deposit $500,000 in a higher risk
Q267: Present values increase the further away in
Q268: You would like to give your daughter
Q269: The notion that money has "time-value" is
Q270: You deposit $3,000 in a retirement account