Multiple Choice
You have come across an investment opportunity that will give you $51,725.29 in 14 years if you put up $12,000 today.Calculate the annual return on this investment.
A) 11%
B) 10%
C) 12%
D) 13%
E) 9%
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q37: How much will you need in 30
Q38: Gary has $1,400 to invest with the
Q39: The present value of $100 to be
Q41: The future value of $200 received today
Q43: At an inflation rate of 9 percent,the
Q44: Shylock Bank offers a savings account with
Q45: You can deposit your savings at the
Q46: Suzanne has identified a project with the
Q47: Leon's has a "Don't Pay For One
Q168: The rate of interest agreed upon contractually