Multiple Choice
Solving for Rates What annual rate of return is earned on a $900 investment when it grows to $2,500 in fifteen years?
A) 1.78%
B) 2.78%
C) 6.58%
D) 7.05%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q44: Discounting One Year What is the present
Q48: The process of figuring out how much
Q50: Rule of 72 Approximately what interest rate
Q52: What annual rate of return is earned
Q56: A firm's net income last year was
Q57: Approximately how many years does it take
Q75: Solving for Time How many years will
Q98: How does compounding help build wealth (or
Q123: Future Value At age 25 you invest
Q124: Moving Cash Flows What is the value