Multiple Choice
Solving for Rates What annual rate of return is earned on a $4,000 investment made in year 2 when it grows to $8,000 by the end of year 8?
A) 9.00 percent
B) 12.00 percent
C) 12.25 percent
D) 50.00 percent
Correct Answer:
Verified
Correct Answer:
Verified
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