Multiple Choice
Solving for Rates What annual rate of return is earned on a $2,000 investment made in year 3 when it grows to $3,000 by the end of year 6?
A) 6.99 percent
B) 14.47 percent
C) 24.00 percent
D) 50.00 percent
Correct Answer:
Verified
Correct Answer:
Verified
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