menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 9: Compound Interest: Further Topics and Applications
  5. Question
    After Two Consecutive Years of 7% Rates of Return, What
Solved

After Two Consecutive Years of 7% Rates of Return, What

Question 85

Question 85

Short Answer

After two consecutive years of 7% rates of return, what rate of return in the third year will produce a cumulative gain of 25%?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q80: An investment earned 6% compounded semiannually for

Q81: When he died in 1790, Benjamin Franklin

Q82: Calculate the equivalent interest rate (to the

Q83: The current (simple annualized) yield on a

Q84: Determine the equivalent nominal rate of interest

Q86: Calculate the term of the loan or

Q87: Calculate the effective annual rate for 18%

Q88: You are offered a loan at a

Q89: In early 2013, the Templeton Growth Fund

Q90: The price of Bionex Inc. shares rose

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines