Q8 What annual rate of return is earned on a $4,000 investment made in year 2 when it grows to $7,600 by the end of year 8? (Do not round intermediate calculations. Round your answer to 2 decimal places.) ANNUL RATE OF RETURN?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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Q8

What annual rate of return is earned on a $4,000 investment made in year 2 when it grows to $7,600 by the end of year 8? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

ANNUL RATE OF RETURN?

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